What do I need to know about the financial side of things? (No replies)
The honest answer is you need to understand at least the basics about accounting, budgeting, cashflow and forecasting. We know that it is not the favourite topic amongst business owners and we also know that is is often ignored until its too late. We recommend automation and an accounting platform such as Xero or Sage. Automate everything. It'll make your like much easier.
To get a basic understanding of the finance side, we (CPG) have put together a very comprehensive finance guide on pretty much everything you need to know, called "SME Finances Made Easy". You can download a version of it here