Day 1117: Red. Flags. Financial. Statements.

Yesterday I gave you a few random thoughts highlighted by when you’re committed to nothing you’re distracted by everything as well as how My Drunk Aunt’s friend says she just needs to find a man who strokes your hair and says how soft it is.

Speaking of not caring that it’s on her legs…

Wifey and I were having a conversation and here’s how it went:

Wifey: This year thousands of men will die from stubbornness.

Me: No we won’t.

*silence*

In other news…

Success finds you when you’re too busy to try find it.

Anyhoo…

Your one PROFIT ACCELERATION THING today is:

‘Red Flags’

We run a 4 day training on how to read financial statements and in it I stress that you don’t need to be able to create financial statements, you need to be able to read them.

Here are a few reasonably elementary red flags you should help your client be aware of while looking at their financials.

Income statements: Declining revenues, Increasing expenses, Inconsistent earnings, high interest expenses.

Balance Sheet: Accounts receivable increasing, high debt level, negative equity, asset quality in decline, Inventory levels increasing, short term debt.

Cash Flow Statement: Negative operating cash flow, high capital expenditures (CapEx), Frequent financing activities, Inconsistency between net income and cashflow, negative free cashflow, dividends during negative cash flow.

You’d be amazed how much further along you are knowing these red flags.

You heard it here first.

Now, pick up the phone and go help someone.

Obsessed with your business coaching success,

Karl Bryan aka King Karl

Founder, Focused.com

PS. Is there an opportunity for airports to split security lines up between people who’ve literally never been to an airport before and everyone else.

PPS. If this helps and you want it to really sink in… GO TEACH IT to someone cause that’s the best way for you to learn it. A friend, your spouse, a prospect, a client etc…

*Don’t plagiarize my work like a lame arse.

PPPS. Marriages break up from lack of money… over lack of love X 100. Business failures lead to destruction, addiction, depression, anxiety, suicides, and unfortunately, far more.

As good business coaches, we save marriages, save families, save kids from self-destruction… we save lives!

A true life of purpose.

PPPPS. If you’re looking for a proven system to follow for your coaching…. I created Profit Acceleration Software™ and high-end step-by-step training to support it…

We did a training that will teach you ‘A strategy that can DOUBLE your clients’  bottom-line profits using exponential growth without spending more on marketing.

Imagine finding your high-ticket coaching fees BEFORE you start coaching your new clients?!  And a proven coaching system created for you to follow with your new coaching client.

Access the free training here

PPPPPS. Forward this to someone that needs to subscribe to my daily emails and get a limited-time, complimentary subscription to my business coaching magazine go here:

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PPPPPPS. They tell me my Podcast is Ric Flair style, Money Makin, Client Getten, Joint Venture Landing, Event Fillin, High-End Coaching Client Findin Gold For Business Coaches.

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