Why you need to know all your business numbers

Bianca from QuickBooks explains why every business owner needs to be across their financials.

05 June 2018

Bianca Bowron-Cuthill from Intuit QuickBooks is used to seeing small business owners come to the realisation that they don’t know the key numbers they need to measure their success.

“It’s really important for businesses to work out the numbers they need to know - profit and loss, income and expenses, and if you’re making a profit,” Bianca said.

“Knowing your numbers is knowing how much you’re paying staff, what income you’re making, and how much money do you have left.”

Key takeaways:
-Living week to week as a business might get you through the start-up phase but as you mature you need sustainability
-Knowing your numbers is crucial for all business owners