Don’t Hide From This Kind of Aging

Don’t Hide From This Kind of Aging

Today we continue our series describing essential financial reports, and we’re going to talk about why you should embrace aging! In our personal lives, many of us try to think of “aging” as rarely as possible. But when you are looking at your business, aging becomes a...
Understanding your profit & loss statement

Understanding your profit & loss statement

You might remember from a previous post, many reports or tools have more than one name. As a reminder, your profit and loss statement is also sometimes referred to as: P&L, Income Statement, IS, Statement of Earnings, or Statement of Financial Performance. For...
Balance Sheet Basics … and Beyond

Balance Sheet Basics … and Beyond

In my previous post (Money Talks. Can You Understand What It’s Saying?) I discussed the importance of becoming familiar with some of the jargon, terms, and acronyms that will help you understand your business. One of those terms was “balance sheet”, which I described...
Are You Using Debt as a Tool or a Crutch?

Are You Using Debt as a Tool or a Crutch?

If you were to ask me what I think about business loans, my first reaction would be: “Avoid them at all costs!” BUT, I would be hard-pressed to find a business that hasn’t used or considered the use of debt at one point or another. I would be doing you a disservice to...

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