Episode 73: Why Numbers are Sexy in 2019, with Glenna Cole

Glenna Cole is a hands-on financial guru whose understanding of solid growth structures is rooted in her Alberta farm upbringing.  For the past decade, she served as CFO of a private enterprise where she helped build, optimize and sell multi-million-dollar companies (in Canada and the US) within the Oil and Gas, Construction,  Waste & Recycling and Agricultural service sectors.

Glenna’s natural ability to bridge the gap between field operations and management is enhanced by her education and experience in:

Process Optimization
Operational and Managerial Financial Reporting
Oil & Gas Accounting
Public Accounting

What you’ll learn about in this episode:

  • Why your business numbers can be “sexy”, but only if you’re looking at them and understand them
  • Why bookkeepers often focus solely on numbers with the intent of filing taxes, and why they aren’t looking at operations numbers
  • What Glenna looks at in the monthly balance sheet to help business owners understand their expenses and profit centers
  • Why you don’t have to be an accounting expert to identify problems before they become major issues
  • What important steps Glenna recommends business owners implement to help track their numbers more effectively
  • Why consistency and proper timing are the keys to accurate Key Performance Indicators (KPIs)
  • Why you can’t record revenue until you actually earn it, which is why accruals and deferrals are crucial tracking tools
  • Glenna explains the difference between cash flow and profit & loss (P&L), and why they shouldn’t be confused with each other
  • What one piece of advice Glenna would give to business owners who are confused by their financial statements
  • What upcoming topics will be appearing on MYM Your Business: The Brutal Truth with Colin Sprake in early 2019

How to contact Glenna Cole:

  • Telephone: (587) 582-1010