In the Pursuit of Entrepreneurship, The Dream of Luxury Lifestyles Often Blinds Us to The Reality of Business Ownership Entrepreneurship. Successful Wealth-Building Entrepreneurs Prioritize Discipline and Frugality, Challenging Media Portrayals of Affluence.
Why Owners Must Embrace Financial Discipline Over Luxury Lifestyles Read More »
Most Small Businesses Fail to Understand Their Burn Rate, Which Is the Rate at Which a New Business Spends Its Startup Cash to Keep the Business Alive Long Enough to Get to The Breakeven Point.
Burn Rate – The Hidden Costs of Starting a Business Read More »
Financial ratios measure the relative health of your business as it compares with other businesses in your industry.
Why You Need To Know How to Benchmark Your Financial Ratios Read More »
You have only one chance for a good first impression with investors, so do your homework first and put together a plan that would get all of us excited and optimistic.
The three most common financial statements are the Balance Sheet, Income Statement and Cash Flow Statement. They are produced by a company’s accounting software and look at what happened in the past. While these financial statements are often included in a business plan for an existing business, they are not part of the pre-start business plan.
3 Key Financial Statements- Balance Sheets, Income Statements and Cash Flow Statements Read More »
