How Well Do You Really Know Your Numbers?
Mar 31, 2025

Let’s be honest, most business owners don’t start their businesses because they love spreadsheets.
You likely started because you had a passion, a skill, or an idea you believed in. But somewhere along the way, the financial side of things crept in… and suddenly, you realised that understanding your numbers is just as important as delivering your product or service.
And that’s the tricky part, isn’t it? Because no one really teaches you how to manage business finances unless you go looking for that knowledge yourself.
The realities are, the more you understand your numbers, the more control you have over your business.
- You’ll make smarter decisions.
- You’ll spot financial red flags before they become problems.
- You’ll feel more confident about growth, pricing, and cash flow.
So, how do you get there? How do you go from feeling like your finances are a mystery to knowing exactly where you stand?
Curiosity Is Your Best Friend
A lot of business owners leave their finances to their accountant (which is great, because that’s what we’re here for after all). But outsourcing doesn’t mean ignoring. The most successful business owners stay curious about their numbers.
It doesn’t mean you need to love numbers. It just means asking the right questions:
- What’s actually driving my profit? (Is it sales, pricing, or cutting costs?)
- Where is my money going each month? (And is it going to the right places?)
- Am I charging enough to make this business work? (Or am I just breaking even?)
Your financial reports aren’t just there to tick a compliance box. They tell the story of your business. And the more you understand that story, the better decisions you can make.
Learn In a Way That Works For You
Most Business Owners aren’t sitting down to read financial textbooks in their spare time and the good news is, you don’t have to. There are so many ways to grow your financial knowledge in a way that fits into your business and life.
- Short, practical training: If you’re short on time, bite-sized courses and webinars can give you exactly what you need, without the fluff.
- Podcasts & blogs: Perfect for learning on the go. Listen while you walk the dog, commute, or cook dinner.
- Ask questions: A good accountant (hello, that’s us!) won’t just do your accounts, they’ll help you understand them. The more you ask, the more you learn.
And don’t forget, experience is a great teacher too. Every mistake, every unexpected tax bill, every “why is my cash flow so tight this month?” moment, these are all opportunities to dig deeper, learn, and improve.
Feeling Like You Need More Help in This Area? We’ve Got You.
If you’re ready to boost your financial knowledge without getting overwhelmed, we’ve created something just for you.
Our Troy Training Sparks portal is packed with practical, easy-to-understand training on the topics that matter most to business owners.
We can show you how to understand your:
- Cash flow
- Profit & Loss
- Balance Sheet
- And more!
We believe that empowered business owners make better financial decisions. So, if you’re ready to take charge of your numbers (without the jargon and headaches), check out Troy Training Sparks here.
Because when you understand your finances, you take back control of your business, and your future.
How do you feel about your business finances? Confident? Confused? Avoiding them altogether? Drop us a comment, we’d love to hear!
And why not head over to Troy Training Sparks and check it out. www.troytrainingsparks.co.uk
If you would like to receive our newsletter containing our latest blog posts, book reviews and video releases, sign up here.