Profit First For Tradies
025: Beyond the Balance Sheet: Insights into the End of Financial Year
June 26, 2023
As the end of the financial year approaches, businesses and organisations worldwide embark on a crucial period of reflection, evaluation, and planning. Beyond the traditional focus on balance sheets and financial statements, this time of the year offers a unique opportunity for business owners to delve deeper into the intricate dynamics of their financial operations. In this episode of Profit First For Tradies, we will explore the multifaceted dimensions of the end of the financial year. We will delve into the various insights and considerations beyond the balance sheet, shedding light on the broader landscape that shapes organisations' fiscal health.
As the end of the financial year approaches, businesses and organisations worldwide embark on a crucial period of reflection, evaluation, and planning. 

Beyond the traditional focus on balance sheets and financial statements, this time of the year offers a unique opportunity for business owners to delve deeper into the intricate dynamics of their financial operations.

In this episode of Profit First For Tradies, we will explore the multifaceted dimensions of the end of the financial year. We will delve into the various insights and considerations beyond the balance sheet, shedding light on the broader landscape that shapes organisations' fiscal health.


The end of the financial year signifies more than just an accounting deadline. It is a turning point for businesses to assess their performance, scrutinise their strategies, and envision their future trajectory.

It also prompts businesses to analyse their revenue streams, profit margins, and cash flow, but it also necessitates a broader examination of their market position, competitive landscape, and strategic objectives. 

In this episode of the Profit First for Tradies, you’ll learn the following:


By taking a holistic approach, organisations can identify underlying patterns, risks, and opportunities that may have gone unnoticed. 

If you haven’t listened to our previous episode about Supporting Your Partner's Trade Profession: A Spouse's Perspective with Verity Hare, check out Episode 024. 

QUOTES

“Unless we make changes and do something different, we're probably going to get the same of what we've already got.” -Katie Crismale-Marshall

“What we have to do is decide to make a change, and you are the only one who can do that.” -Katie Crismale-Marshall

Resources

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