BOMBA Financial Bootcamp
Most business owners do not understand their financials!
But why should they? No one teaches them what they need to know. BOMBA does!
Most business owners expect their bookkeeper or accountant to tell them what’s going on… but that doesn’t happen because that’s not what they know. Accountants and bookkeepers put your transactions into your General Ledger as prescribed by Generally Acceptable Accounting Practices (GAAP).
THIS DOES NOT HELP YOU RUN YOUR COMPANY OR MAKE GOOD BUSINESS DECISIONS!!
Because accounting software is built for accountants to work in any industry – not for business owners who know their industry! It’s impossible to even to find the relevant line items that drive your profitability and success.
At BOMBA, we realign your numbers into a “Management Financial Statement.” While the top revenue, and bottom profitability, lines stay the same, the simplified financial statement customized for your business enables you to make good financial decisions based on your numbers!
All About Financials, Know Your Numbers!
BOMBA Financial Bootcamp is Chapter 4 of the Mastermind and is all about your financials. This chapter is taught separately in a small group of less than 20 business owners in a 13 week class.
The goal is to give the business owner a jumpstart to understanding their financials, their trends, and their ratios.
- What are your financial statements telling you?
- Can you borrow money and repay it? How much?
- Do you have sufficient capital to acquire a competitor?
- Why is making payroll so difficult sometimes?
- How can you improve your margins for long term success?
BOMBA Financial Bootcamp will walk you through your financial statements and monthly cash flows, help you build your short and long term projection models, and set you on a course to understand your leverage capabilities. You have more resources than you know… Learn it all here!