Ask an Actuary - Understanding Your Balance Sheet

Описание: "Why are balance sheets so important for small business owners?" 📊

In this episode of "Ask an Actuary," Stephanie Irvin sits down with Kurtis Thompson, a seasoned actuary at Odyssey Advisors, to dive into the significance of balance sheets for small business owners. Discover why understanding your balance sheet is crucial, the main components you need to focus on, and how you can use this financial tool to make informed decisions for your business.

Learn about:

The key reasons small business owners should pay attention to their balance sheets.
A breakdown of assets, liabilities, and equity.
Practical tips on how to use your balance sheet alongside other financial statements.

If you have any topics or questions you'd like us to cover in future episodes, please drop us a comment below or shoot us a message!

Please note: "Ask an Actuary" is a series of interviews with our team of actuaries and actuarial consultants.