Even business owners who are diligent about reviewing their Profit and Loss statement (aka P&L or Income Statement), often spend little to no time looking at their balance sheet. Their bankers, on the other hand, zero right in on it. Why do … [Read more...]

As a business owner or manager, reviewing financial statements is a crucial aspect of keeping your company on track, and the Income Statement is the “go to” profitability tool for most. Still, it can be overwhelming to know where to start or what to … [Read more...]

Savvy business owners know that keeping accurate records is crucial to success. Sure, it's a legal requirement to have your ducks in a row come tax time, but the benefits of reliable business intel go far beyond that. Your financial statements serve … [Read more...]

Starting a new business is like entering a race to profit. The goal is to pass breakeven and become consistently profitable before your cash reserves run out. This race has two possible outcomes: winning or losing. Winners make enough profit to keep … [Read more...]

If I were to ask you what is the most important financial skill you need to master to improve your ability to make more money in your business, what do you think it is? Benchmarking? Cash Flow Forecasting? Ratio Analysis? Creating Ninja-level … [Read more...]