Here is a very common ratio that a small business can start using right away.
The Current Ratio is used by short-term creditors to determine a company’s ability to meet short-term financial obligations. Short-term creditors prefer a high Current Ratio. Higher current ratios are an indication of lower risk and consequently, lower current ratios suggest higher [...]
A Balance Sheet provides a financial snapshot of a company at a specific date. This statement details the company’s assets, liabilities and owner’s equity.
Assets are things, that a company owns, that have value. An asset is also that which is owed to a company such as accounts receivables. Assets include tangible items such as buildings, [...]
“Why should I plan for something I will never do?”
This is the question that I got from one of my clients after I asked him what his Exit Strategy was.
“I don’t plan on ever selling my business. This is what I enjoy doing and I’m going to hand it over to my kids when I’m [...]
