It’s no secret that having healthy finances in your business can help your business be successful. We believe in the importance and power of finances so much that we may have written about it a time or two. While we’ve shared some pretty great info about the importance of finances, don’t just take our word for it!
Here are some other posts that believe in the importance of healthy finances that we think are really neat!
Without Financial Management, You Won’t Get Far
In this post by the Small Business Administration (SBA), the author discusses how you can have a unique selling point, but without strong financial management, that selling point won’t take you far.
The Importance of Planning
Having a financial plan in place can act as a roadmap for your business. From where you want to be next week to what you want your business to look like in five years, financial planning can help you get there. This article shares reasons why financial planning is a necessity for small businesses.
Am I Profitable?
The most common goal of any business is to be profitable. It seems easy: sell enough of your product or service to overcome your expenses and you’ll make a profit. That’s not always the case. Sometimes, certain pieces of your business just aren’t as profitable as others. Having a strong understanding of your finances can help you see where your business is making profits, and where there might be some issues.
Keeping Everything in Order
Sometimes your finances get out of hand, and getting them back in check can be difficult. Further, when finances get out of hand, even bigger messes can show up for your business. Before things get too crazy, consider these tips for keeping your finances in order.
Survival of the Fittest
No matter the type or size of business you operate, if you don’t understand your finances, you simply won’t survive. This post shares some tips to help you understand your business’s finances, and where to go if you need help.