ACCOUNTANT EXPLAINS The #1 Money Skill NOT Taught in School but All Business Owners SHOULD KNOW

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There are many reasons you started your business - freedom, flexibility, and financial independence. But have you ever wondered about the road to financial independence? As a CPA, I often get asked by business owners, "Why does school teach you about Calculus but not the vital skills needed as adults, like taxes, investments, and budgeting?"

If you're planning to start a business or you're a first-time business owner, today's video will help you understand how to run a profitable business and how to actually make money. After all, we all started our businesses with the hope of supporting our dream life and gaining the freedom to live on our own terms. So let's jump into what you need to know as a Business Owner when it comes to Finances.

00:00 Intro
00:43 The Basics NOT Taught in School
01:56 Tutorial on Financials
09:14 Thoughts on Chat GPT Taking over Accountant Roles
10:23 How to Calculate Profitability
12:11 How to Increase Profitability
13:38 What to Do with Profits
14:17 Don't Forget about Taxes

Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for advice related to your specific situation.
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📸 Instagram: @GabrielleTalksMoney
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WHO AM I:
Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, Gabrielle worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, advising Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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