“Accounting is the language of business, and you must learn it like a language…To be successful at business, you have to understand the underlying financial values of the business.” –Warren Buffett
Time after time in my banking career I met with thousands of business owners who were looking for loans. Frequently, it became apparent that they had command of their sales and operations, but financial management was their “Achilles heel”. They didn’t speak the language of business. Many didn’t take accounting in school and there is no on-the-job training when you’re the owner.
This was my primary motivation for starting The Profitability Coach. I wanted to make business owners better financial managers. Every business owner has a big dream for their business and wants to make it happen. But they often don’t know which levers to pull to improve their profitability or cash flow. They simply don’t speak the language of business or understand the underlying financial values of the business.
Read more: https://theprofitabilitycoach.net/blog/accounting-is-the-language-of-business/