Do you see that your looks, awkwardness, lack of skill, or lack of money as a barrier between you and your goal? You may say, “It’s my lack of confidence, lack connections, or this or that. Face yourself and think again.
Financial Statements contain important information that will help business owners perform micro and macro management of their business. Analysis of the financial data shown in the financial reports is crucial in taking immediate action to solve problems that could have detrimental impact on the business.
There are 3 main Financial Statements namely:
- Income Statement – It shows the results of the operations for a given period.
- Balance Sheet – It shows the financial position of the business in a given date.
- Cash Flow – It shows the sources and uses of cash from operating, investing, and financing activities.
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A podcast by Fe Soncayaon, CPA, CGA | FSS Accountinglink Professional Corporation or FAPC | 647-526-4873 | firstname.lastname@example.org | www.fssaccountinglinkpc.ca.
In business, you have to craft your vision and live it day-in and day-out carefully. Your vision is your why … why your business exists?
Apple’s vision is to create innovative products and think different. Apple was a start-up in the 70s … remember this!
Have you crafted your vision? You might think, “but, I am a small business … I am not Apple!!!” Even small businesses need a compass. To keep on track and focus, your vision is your compass.