Dr. Sarah Sun Liew’s career embodies a dedication to leadership that spans business, public service, authorship, and faith. As a thought leader, author, and advocate, her work has reached a global audience, inspiring many to pursue principles of integrity-driven leadership. Through her contributions to business strategy, financial management, and ethical leadership, Dr. Liew stands out as a notable voice in modern leadership, providing guidance for entrepreneurs and community leaders alike.

Authorship

Dr. Liew’s extensive contributions to literature are recognized in business and leadership fields. She co-authored Succeed In Business In Any Market with renowned business speaker Brian Tracy, and her additional 19 books cover key topics such as leadership, entrepreneurship, and personal development. Many of these works have been highlighted by multiple sources, reaching a broad audience across varied channels. Dr. Liew is regarded as a source of knowledge for leaders across industries, building a reputation based on her insights in business and personal growth.

Media Attention and Recognition

Dr. Liew’s impactful career has attracted considerable media attention, with features in various respected publications. Her contributions to business, education, and community service have been acknowledged by numerous outlets, and she has received recognition as a prominent entrepreneur shaping today’s business world.

Her achievements are further highlighted by mentions from diverse platforms where she shares insights related to business and education, extending her influence.

Her work is also covered by other notable sources, each supporting her commitment to ethical integrity, social impact, and professional excellence.

Global Jesus Mission Church

Beyond business, Dr. Liew dedicates her life to faith-based service. From 1990 to 2014, she served as an assistant pastor and Sunday school director in various churches. In 2014, she was ordained, and since 2015, she has served as the founder and senior pastor of the Global Jesus Mission Church. Her pastoral work began in Korea, supporting congregations like Calvary Church and Holy Mountain Church, before moving to the U.S. to serve churches like Calling Mission Church, Elim Presbyterian Church, and New Hope Church. These roles reflect her commitment to blending community leadership with faith-based service, building a legacy of spiritual dedication and ethical integrity.

Awards and Recognitions

In December 2023, Dr. Liew was awarded the Menorah of Peace Award by The Institute of Noahide Code for her efforts in promoting peace and community service. She was also recognized as among the leading entrepreneurs in business, honored as an influential leader dedicated to fostering community growth and resilience.

Budgeting: A Roadmap to Financial Stability and Growth

Budgeting is a key tool for financial stability and business growth. In Chapter 25 of Your Start-Up, Your Way, Dr. Liew describes budgeting as a guiding tool to help entrepreneurs allocate resources effectively and control spending in alignment with strategic goals. This chapter offers practical insights into budgeting, emphasizing its importance in fostering financial awareness and supporting better decision-making.

The Fundamentals of Budgeting

Dr. Liew’s approach to budgeting is structured and comprehensive, focusing on three fundamental steps to guide businesses toward financial resilience:

• Expense Planning: Effective budgeting starts with identifying and categorizing anticipated expenses. By understanding operational costs and preparing for unexpected expenditures, businesses can create more accurate financial plans.
• Revenue Projections: Developing revenue forecasts can help set realistic financial expectations, reducing the risk of shortfalls. These projections are essential in making well-balanced spending decisions and planning for future needs.
• Profitability Analysis: By comparing projected income to expenses, businesses can gauge their potential profitability, allowing leaders to set feasible growth targets and make strategic adjustments to support financial health.

Benefits of Budgeting

A well-structured budget may offer advantages beyond basic expense management. Dr. Liew emphasizes the following potential benefits:

• Financial Control: Budgeting provides a means for businesses to monitor performance against set financial goals, allowing for adjustments as needed.
• Informed Decision-Making: A detailed budget enables entrepreneurs to make data-driven decisions about expansion, hiring, and investing in areas like technology. With a clear understanding of their finances, businesses can allocate resources based on strategic needs.
• Long-Term Growth: Budgeting supports both immediate financial needs and long-term goals by aligning resources with the business’s strategic priorities. Through careful planning, businesses can establish a solid foundation for sustainable success.

Mastering Financial Statements: Key to Understanding Business Health

Understanding financial statements is crucial for assessing a business’s financial position. In Chapter 25 of Your Start-Up, Your Way, Dr. Liew discusses ways to approach financial statements for enhanced decision-making and effective communication with stakeholders. She provides an overview of the three major financial statements—income statement, balance sheet, and cash flow statement—and their roles in tracking a business’s financial progress.

• The Income Statement: Tracks profit and loss by recording revenue, expenses, and net income. This statement is a valuable tool for assessing profitability and operational efficiency.
• The Balance Sheet: A snapshot of financial position, detailing assets, liabilities, and equity. It offers insights into a company’s solvency and liquidity, enabling entrepreneurs to gauge their financial standing.
• The Cash Flow Statement: Tracks cash movements related to operations, investing, and financing activities, indicating a business’s ability to meet its financial obligations.

Final Thoughts on Financial Literacy

Mastering financial statements is essential for understanding a business’s financial position. These statements offer insights that help entrepreneurs make strategic choices, communicate effectively with stakeholders, and identify improvement areas. Dr. Liew’s focus on financial literacy shows how these tools contribute to business success by increasing accountability and transparency.

The Power of Financial Ratios: Interpreting Business Performance

In Chapter 25 of Your Start-Up, Your Way, Dr. Liew highlights financial ratios as valuable tools for evaluating various aspects of a business’s performance. Financial ratios break down complex data, assisting entrepreneurs in assessing key performance indicators like profitability, liquidity, debt levels, and operational efficiency.

• Profitability Ratios: These ratios help measure how well a business generates profit in relation to sales and investments.
  • Gross Margin: Reflects profitability after accounting for production costs.
  • Return on Equity (ROE): Provides insights into how effectively a business uses shareholders’ equity to generate profit.
• Liquidity Ratios: These ratios evaluate a company’s capacity to meet short-term obligations.
  • Current Ratio: Assesses a company’s ability to pay off short-term liabilities with short-term assets.
  • Quick Ratio: Focuses on meeting obligations without relying on inventory sales.
• Debt Ratios: These ratios provide insights into a company’s financial leverage.
  • Debt-to-Equity Ratio: Compares total debt to shareholders’ equity, helping gauge financial risk.
• Efficiency Ratios: These ratios evaluate how well a company uses its assets.
  • Inventory Turnover: Measures inventory management efficiency by comparing cost of goods sold (COGS) to average inventory levels.

Summary

Dr. Liew’s work highlights that financial literacy, including budgeting, understanding financial statements, and evaluating financial ratios, can be instrumental for entrepreneurial success. These tools simplify complex financial data, enabling leaders to make more informed decisions that foster financial stability and sustainable growth.

For those interested in exploring Dr. Sarah Sun Liew’s approach to business, leadership, and financial strategy, she offers consultation and a variety of resources to support entrepreneurs:

• Visit her author profile at wikitia.com/wiki/Dr._Sarah_Sun_Liew.
• Contact at (424) 343-7025 or (424) 777-6461.
• Email: Mgroupbh7@gmail.com

 

Published by: Annie P.