Financial Management
Snapshot of Concepts
Balance sheets, statements of cash flow, income statements and/or statements of retained earnings. Tips for bookkeeping and data entry.
Your financial statements are trying to tell you something.
Are you making money? Why or why not? How can we use this info to change the way we make decisions about our business? Or, when faced with a big decision, how do our financial statements direct our next move?
Using financial statements to gain key insights into your business is as important for start-up sole proprietors as it is for well-established corporations.
Also, sound financial management practices can play a central role in determining your ability to secure financing from possible investors or creditors. Sound intimidating? It shouldn't - keeping an eye on what's coming in and going out is easier than you might think.
Financial Management training is available as a workshop or a one-on-one counseling service.