I found some interesting contrasts in business advice today that I initially took as conflicting advice. However, after pondering it a bit, I realized that the advice compliments, not conflicts.
The two, initially appearing, conflicting messages:
You must know your numbers as a business owner and/or operator. It is the only way you will be able to identify any issues within your business and make plans for your business's future. Yet, many of us start running a business without the faintest clue about our numbers. It is a very common (and ultimately costly) mistake in business.
Need help figuring out where to begin? You can start by finding information online (tons of free resources exist). You can use tools like ChatGPT to help you get started - check out this AI Quick Tips blog post. Or you can hire a financial expert to set up your books and even keep them on to manage them.