42. How to Explain: The Balance Sheet
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The Balance Sheet can be a big source of confusion for your fractional CFO clients.
And spending time on CFO calls explaining to them what โlong term liabilitiesโ are for the 5th time isnโt the best use of your time.
The trick is explaining the Balance Sheet to them in terms that they can understand.
๐ In this episode, I'm going to show you how I explain The Balance Sheet to our CFO clients. I drop in some great examples and metaphors to make the Balance Sheet relatable and understandable for entrepreneurs that arenโt super financially savvy.
If you found this episode helpful, you might also want to check out the episode where I break down the P&L!
How to Explain: The Profit & Loss
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I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent the last 7+ years scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that fractional CFOs can have for their clients, their families, and themselves. Now, I help other fractional CFOs learn how to maximize their own impact!
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