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Podcast: The Winning Momentum Podcast with Scott Sinclair
Episode: 233. What is Depreciation and Amortization? Financial Literacy
Description: Hi, I’m Scott Sinclair. In this video, part of our Financial Literacy Series, I break down the concepts of Depreciation and Amortization—key components of EBITDA. Entrepreneurs and small business owners often ask me to explain these terms, so let's dive in!Key Points Covered:- Why financial literacy is crucial for small businesses and entrepreneurs.- The importance of understanding the language of finance to succeed with stakeholders like investors and banks.- The purpose of Depreciation and Amortization: allocating asset expenses over time.- Real-world example of how to handl...