Episode 19: What Really Makes a Strong Balance Sheet?

Episode Summary

February 16, 2021 | 00:21:40 | E19

Mike Miller CPA tells a story about a friend who made it through the economic shutdown from the pandemic because of his strong balance sheet. Mike shares questions to ask yourself as you think about your finances. Learn a practical idea about planning for what to do when business income declines. Mike shares the four elements of a strong balance sheet. Learn rules of thumb for a “rainy day fund” and what lenders look for in companies. Learn about “negative net worth”
and how to keep a forward focus when you’re looking at financial statements.