Have you ever felt overwhelmed by financial statements and unsure what they tell you about your business? Join us as we strip away the complexities of financial literacy with Strategies' Director of Coaching and Educator, Daryl Jenkins. In this episode, we break down three critical financial documents every beauty business owner needs to be familiar with into simple, digestible concepts. By likening these financial documents to chapters in a book, you'll learn how each one tells a vital part of your business's story. You'll learn how these documents help you make smarter business decisions so you can start writing your business' next profitable chapter.

Conversation highlights:
0:00 Financial literacy is simpler than you think
4:03 Your business is made up of chapters… What is the full story?
5:40 Profit is not cash, so what is it?
7:33 Daryl’s #1 tip for profit and loss statements
12:05 Is your company in good health? Your balance sheet can tell you
16:25 The third and most neglected chapter: the statement of cash flows
20:00 Daryl’s recommendations to kickstart your financial understanding
21:28 Adding the fourth chapter with Strategies’ key ingredient
23:51 What now? The first steps to unlock your financial literacy

Watch the video version of this episode: https://youtu.be/rxak_MHej0I 

To learn more about how Strategies can help you create more profit, fun, and growth potential for you, your business, and your team, schedule a free 60-minute strategy session:

Schedule a free 60-minute strategy session: https://strategies.com/free-coaching-session

Strategies: https://www.strategies.com
Salon/Spa Business Coaching: https://strategies.com/memberships/
In-Person Salon/Spa Seminars: https://strategies.com/seminars/
Podcast: https://strategies.com/podcast/
Instagram: https://www.instagram.com/strategies4biz/
Facebook: https://www.facebook.com/strategies
TikTok: https://www.tiktok.com/@strategies4biz

The Beauty Business Strategies Podcast is designed to give salon, spa, medspa, barbershop, and lash studio owners, just like you, quick tips to make more money, inspire your team, and create world-class client experiences.