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In this episode of KwK, renowned financial expert Anil Lamba dives deep into the key reasons why 95% of businesses fail and the critical financial mistakes entrepreneurs often overlook. He explains how to read balance sheets, spot red flags in financial statements, and optimize working capital cycles for business success.
Dr. Lamba debunks common myths around leverage, breaks down the difference between profits and cash flow, and shares insights on reviving struggling businesses. He also emphasises why even non-finance professionals should develop financial literacy to make smarter decisions.
From analysing P&L statements to discussing his experiences as a CA, this episode is filled with valuable takeaways for business owners, investors, and anyone looking to master financial management.
Don't forget to like, subscribe, and hit the bell icon for more insightful and interesting content! 🎥📚
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Timestamps
00:00:00 Introduction
00:02:13 Why do 95% of businesses fail?
00:07:18 Should people from different domains know finance?
00:10:44 Red flags in a balance sheet
00:16:02 Is goodwill the worst thing to appear on the balance sheet?
00:21:13 Ratios to look at in a balance sheet
00:23:40 Working Capital Cycle Optimization
00:31:08 Most neglected concept by businessmen
00:36:50 Should you take debt?
00:38:13 Myths around leverage
00:43:17 Things to look at in a P & L A/C
00:49:35 Profits vs Cash
00:54:59 Reviving dead companies
00:56:34 Red flags in a cash flow statement
00:58:44 Do founders pay enough attention to financial management?
01:04:17 Advice to non finance people on managing money
01:07:40 Difference between Indian and US people
01:08:26 Anil Lamba's experience of practicing post CA
01:18:50 Anil Lamba reciting a shayari
#kushallodha #anillamba #CA #accounts #investing #fundamentals