The Financial Statement Story Podcast helps you read financial statements like a book so you can grow your profits, cash returns and your career.
info_outline Ep# 37: What you need to know about Above and Below the line management 05/03/2015
Ep# 37: What you need to know about Above and Below the line management We define the term "above the line" as a focus on how we improve gross margins. "Below the line" is a focus on operating margin.
info_outline EP# 36: 4 Ways to Grow Your Business 03/30/2015
EP# 36: 4 Ways to Grow Your Business The financial statement story has our 3 characters, Vanity Sanity and the King as described by the expression Revenue is Vanity, Profit is Sanity & Cash is King. In this episode we look at Vanity's challenge of growing sales revenues. We want to do it in ways that will keep profitability at levels Sanity approves of and ensure we create plenty of cash.
info_outline EP# 35: Deciphering Definitions in the Balance Sheet 03/22/2015
EP# 35: Deciphering Definitions in the Balance Sheet The Balance Sheet tells us the health of our business and we should check it regularly. In order to understand what it is telling us we need to decode some of its definitions like Equity, Liabilities, Assets and the like. We delve into these definition and discuss their real meaing so you can navigate it and create more wealth
info_outline EP# 34: Secrets to understanding key definitions in the Income Statement 03/10/2015
EP# 34: Secrets to understanding key definitions in the Income Statement Is the Profit & Loss Statement the same as the Income Statement. Is Revenue the same as Sales. Are Sales and Cash synonymous?
info_outline EP# 33: How to Grow Profits and Generate More Cash Using The Money Map 02/16/2015
EP# 33: How to Grow Profits and Generate More Cash Using The Money Map Succesful businesses need to do just two things. Make money (in the form of profits) and generate wealth (in the form of cash)
info_outline EP# 32: The 3 Blind Spots You Need to Be Aware of in any Business 02/09/2015
EP# 32: The 3 Blind Spots You Need to Be Aware of in any Business In this show Mick & Andre have distilled their many hundreds of consulting engagements to determine the 3 most common blind dpots we see time and again.
info_outline EP# 31: Case Study: How to Overcome Organizational Apathy 02/02/2015
EP# 31: Case Study: How to Overcome Organizational Apathy In this episode we take a departure and share with you a real life case study where we use the Treasure Map methodology to diagnose problems within a manufacturing facility. We take you through the presenting business challenge, our observations on our factory tour and our diagnosis using our Treasure Map. We share some humorous moments as well as describing the frustrations and lack of engagement that was initially present. We take you through the project we designed and discuss how we got the entire factory engaged in a treasure hunt that ultimately improved performance.
info_outline EP# 30: How to Scale and Grow Your Business 01/26/2015
EP# 30: How to Scale and Grow Your Business Learn how to scale your business using two imporant levers. One will allow you to make more profit within your Money Making Machine (AKA The Income Statement) and the otehr will show you how and when to add fuel to your Wealth Creation Engine (AKA The Balance Sheet)
info_outline EP# 29: Invest like Warren Buffett 09/23/2014
EP# 29: Invest like Warren Buffett The Oracle of Omaha has an enviable record of making great investments over 5 decades. He has become the worlds second wealthiest individual and uniquely did it on the back of invetsments in the stock market.
info_outline Ep#28: Benefits and Pitfalls of EBITDA 09/23/2014
Ep#28: Benefits and Pitfalls of EBITDA EBITDA is not a statutory reporting requirement yet it continues to be a popular measure. We break down EBITDA and examine its makeup. We explore some of its benefits including its capacity to easily give insight into both profitability and cash flow within a business.
info_outline Ep # 27: Cash is King. A simple way to calculate cashflow 09/08/2014
Ep # 27: Cash is King. A simple way to calculate cashflow Yes cash is king! However it is often difficult to decipher the statements of cashflows. And you may only have the income statment and balance sheet without the statment of cashflows
info_outline FSS Ep #26: How the metrics Earnings per Share (EPS) and the Price/Earnings ratio give you clues into business performance. 09/02/2014
FSS Ep #26: How the metrics Earnings per Share (EPS) and the Price/Earnings ratio give you clues into business performance. We look at two indicators most used as a barometer for a company's performance. Earnings Per Share (EPS) gives us information on the power of a company to generate earnings.
info_outline Ep# 25: Three Ways to think about Pricing Strategy 08/11/2014
Ep# 25: Three Ways to think about Pricing Strategy In this episode we explore some above the line concepts. Specifically we look at how pricing and its alter ego, discounting, affects the quality of our revneues and the impact on profitability and cash flow.
info_outline FSS Ep# 24: The 7 Key ingredients to crafting stories that will sell your ideas, products and services 08/06/2014
FSS Ep# 24: The 7 Key ingredients to crafting stories that will sell your ideas, products and services In this week's episode we discuss how great leaders communicate amd motivate others to acepot their ideas or buy their products or services. They use the power of storytelling.
info_outline FSS Ep# 23: How to make your boss look good and enhance your career 07/28/2014
FSS Ep# 23: How to make your boss look good and enhance your career Perhaps you are a budding entrepreneur waiting to break loose form the shackles of corporate life or you are an aspiring CEO or leader. Either way you will usually have to impress your boss or a potential investor in brand YOU.
info_outline Episode #22: How Avatars can help guide your business decisions 07/21/2014
Episode #22: How Avatars can help guide your business decisions All successful businesses have a great understanding of who their customers are and what needs they have. This week we look at how the use of avatars can help you visualize your customers and their needs. Once you understand your customers you can focus on how best you can address their problems.
info_outline Ep #22: How Avatars Can Help Guide Your Business Decisions 07/21/2014
Ep #22: How Avatars Can Help Guide Your Business Decisions Everyone within a company, from sales up to the owners and advisors, should know and understand their avatar. A lack of focus on who the client is and what their desires are, result in a waste of resources and missed potential. Listen in to hear how you can focus your resources and talents on your avatar to ensure you are maximizing you and your company’s potential.
info_outline Ep #21: Why a clean balance sheet is the most important business requirement 07/14/2014
Ep #21: Why a clean balance sheet is the most important business requirement This week, we take a closer look at the balance sheet or as we call it here, the wealth creation engine. We discsuss te main reasons why businesses fail and how the balnce sheet can be our barometer of health to give us early signs we may have difficulties and areas to adress before we get into irreversible difficulty.
info_outline Ep #20: How to use Benchmarking for Performance Improvement 07/07/2014
Ep #20: How to use Benchmarking for Performance Improvement This week, we discuss how to create a benchmark based upon a best-achieved performance of a company and how this ties into the financial statement story. Tune in to hear how you can pinpoint your best-achieved performance, formulate a benchmark based off those resulting best practices, and ensure you are maximizing your potential.
info_outline Ep #19: How to Avoid the Perils of an ERP Implementation 06/30/2014
Ep #19: How to Avoid the Perils of an ERP Implementation Companies, big and small, have been trying for years to find the ultimate new technology or system that will revolutionize their company. This week, we are discussing ERP implementations and why so many fail to help organizations achieve the competitive edge that they are looking for. Tune in to hear how you can avoid these pitfalls and ensure that your company is not added to the long list of failed ERP implementations.
info_outline EP #18: Don’t Talk to the Monkey When You Should be Speaking to the Organ Grinder 06/23/2014
EP #18: Don’t Talk to the Monkey When You Should be Speaking to the Organ Grinder In this episode of the Financial Statement Story we explain how you can make your argument more compelling and present it in the best way possible. We show you how using the financial story and the relationship of its characters you can explain the value of your proposal to the business in order to rise to the top of the organization and get in front of the decision makers. Don’t miss this episode full great advice that will help you find the right problems to work on using the financial story and the treasure map.
info_outline EP #17: Compliance Can’t Take You Where Commitment Can Go 06/16/2014
EP #17: Compliance Can’t Take You Where Commitment Can Go This week we are discussing a concept called “Open Book Management” and how implementing it will help your organization become a more successful, transparent business. Tune in to hear how you can start building a culture of trust within your company today.
info_outline EP #16: Good Debt Versus Bad Debt 06/09/2014
EP #16: Good Debt Versus Bad Debt Debt is a powerful instrument that allows you to finance the investments vanity and sanity need to grow the business. Listen to this week’s episode as we get into what debt is, good debt versus bad debt and how you should use it to fund your business.
info_outline EP #15: How Vanity, Sanity and the King All Work Together to Deliver a Return on Capital Employed 06/02/2014
EP #15: How Vanity, Sanity and the King All Work Together to Deliver a Return on Capital Employed On this week’s episode we are in chapter five, this is where we bring the whole financial statement story together with one measure - our accountability measure. This truly is how vanity, sanity and the king works together to deliver the return on the capital employed.
info_outline EP #14: The One Strategic Measure of Value Creation 05/26/2014
EP #14: The One Strategic Measure of Value Creation On this weeks's episode, we revisit our mission - to engender the financial statement story in organizations in order to help people understand this indecipherable set of hieroglyphics. Once you have a clear understanding of the financial statement, it will become your ultimate business scorecard that will allow you to uncover hidden “treasures” and achieve superior financial performance in your organization.
info_outline EP #13: The Secret To Cash-Positive Growth 05/19/2014
EP #13: The Secret To Cash-Positive Growth Are you having a difficult time determining if your business is consuming or generating cash? If so, then you’re in the right place, because this is the very question we are answering on this week’s episode.
info_outline EP #12: The Hunger Measure: the One Working Capital Metric 05/12/2014
EP #12: The Hunger Measure: the One Working Capital Metric On this week’s episode, we are discussing how you can use the hunger measure to find out if your business is improving or if it's in static mode.
info_outline The Secret to Engaging Your Employees in Driving Financial Performance 04/28/2014
The Secret to Engaging Your Employees in Driving Financial Performance According to the statistics gathered by Gallup.com, on average, only one third of the employees in most organizations are actively engaged.