An important thing you need to be aware of in business
414 views12 months ago0m 54sScore: 75
BNB UNI
intermediate
Bookkeeping
Profitability
Expenses
Tax Strategy
LLC Structure
Summary
The video emphasizes the importance of looking at the balance sheet, particularly director's loans, in addition to net profit, especially when buying a business. This helps to understand the true financial health of the company and detect potential issues like a partner withdrawing significant funds.