Last time we looked at Financial Statement Myth #1: Financial statements are just history; I manage my business forward. The banks and tax men can use the financials but they aren’t much use to me. We learned that using your statements were critical in managing your business forward because they are the foundation to your budgets and monitoring your progress toward goals.… Read more >
For successful companies, timely and accurate financial statements are the cornerstone of sound financial management. While the information is historical, it provides information critical to the management of any business. The power of these numbers comes alive through meaningful comparisons and analysis. Yet there are many business owners and operators who miss the opportunity to manage their businesses because of their belief in certain myths.… Read more >
Entrepreneurs and small business owners often tell me that they simply don’t have time to focus on growing their business because they are immersed in their business.
These are the same people who started their business with a strong vision of what they wanted to build, and then went about building it.… Read more >