As the year draws to a close, many small business owners are taking stock of their business, basking in their successes and trying to comprehend their mistakes. Unfortunately a big picture view does not always immediately reveal itself– a thorough understanding of your business requires at least some analysis and introspection. You may be tempted to look at cash (or lack thereof) in your bank account or your net profit , however these are not always reliable indicators of success or failure , particularly when taken in isolation. Every small business owner should identify the specific needs and constraints of their business to determine the optimal analysis required to assess its financial performance.
4 Simple Financial Analyses to Help Measure the Success of Your Small Business
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4149 days ago
Made Hot by: FutureVision on December 10, 2012 5:50 pm
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Comments
4149 days ago
Thanks for the overview and for sharing it with the BizSugar community. I'm curious. If you operate a virtual business from your laptop, would it still be advisable to calculate the cost of a brick and mortar office so you can see profit versus expense in the event you would ever need to set one up?
4148 days ago
4149 days ago
4148 days ago