Just How Financially Healthy Is Your Small Business Anyway?
Source: American Express
Monitoring and managing your business's financial health involves more than simply maintaining a cushion in your bank balance. It's more than just keeping accurate books. It is more than staying up to date on your accounts payables and not letting your accounts receivables get too stale. Those activities are important, true. But managing your business for financial health is about taking a big picture view of your business, as interpreted through the detail of your financial statements. Sound contradictory? It's not.