Income statements, balance sheets and cash flow statements. If you’re running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why they’re essential for entrepreneurs to use as a guide for growth?
If the answer is no, you’re not alone!
So many busy business owners get caught up in the grind and never bother running reports or analyzing much other than the bottom line. When using financial statements isn’t part of the strategy, the likelihood of becoming one of the many of businesses that make it to the 10-year mark is slim.