Use Return on Investment (ROI) for effective project analysis
For small businesses in all industries, measuring the Return on Investment (ROI) for every major expense should be a mandatory exercise. Unfortunately, calculating this financial metric is often overlooked, so owners and managers miss out on the accompanying benefits....
Learn to read your cash flow statement
Small business owners have a lot of tasks to manage to keep their businesses running smoothly, but among the most important things on the radar is the financial health of the enterprise. Everyone knows when the money dries up, you’re done. Though there are many pieces...
Beware! Profit does not equal cash flow
Small businesses are especially susceptible to fluctuations in cash flow, so owners andmanagers need to continually monitor their company’s cash balance. As we’ve outlinedpreviously, the cash balance report is a great way to that. Beyond the cash balance report,...