Why Every Business Owner Needs to Know Their Numbers
- Beth
- Mar 15
- 2 min read
Running a business isn’t just about passion and hard work—it’s about understanding your numbers. Whether it’s cash flow, profit margins, or tax liabilities, knowing where you stand financially is the key to making informed decisions that drive success. At Nara Accountancy, we know that financial clarity isn’t just about compliance—it’s about confidence.
Are you running your business on a bag of receipts?
Do you have any financial tracking?
Are you running your business thinking your bank account equals your profit?
Why Knowing Your Numbers Matters
Your numbers tell the real story of your business. They show whether you’re growing, whether you’re profitable, and whether you can afford to invest in that next big move. Without a clear view of your financials, you’re essentially flying blind. Here’s why every business owner should have a handle on their numbers:
Better Decision-Making – Should you hire a new employee? Can you afford that equipment upgrade? Understanding your numbers gives you the confidence to make the right choices.
Cash Flow Management – Cash flow is the lifeblood of your business. Knowing what’s coming in and going out helps you avoid nasty surprises.
Tax Planning & Compliance – No one likes unexpected tax bills. Staying on top of your numbers ensures you’re setting aside the right amount and maximising tax efficiencies.
Business Growth & Profitability – Growth isn’t just about sales; it’s about profit. Tracking your numbers means knowing what’s working and what’s not, so you can scale effectively.
Personal life– You know as much as I do, running a business and your personal life are intertwined. If your business is out of control it has a negative impact on your personal life.
Are you thinking this sounds great but where do I start?
Get the right set up – setting up software to track income and expenses properly
Up to date records – they provide a clear real time picture of profit, cash flow, and trends
The right accountant – work with an accountant through-out the year - not just at the year end
Does this sound great but you need some support, this is what Nara knows! We are here to support you and your business.
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