Business owners make decisions daily, either by using Intuition or Knowledge. In the initial stages of their business, entrepreneurs use Intuition in making those start-up decisions. Then, the practical pieces of running a business come from Knowledge.
To learn as quickly as possible, magazines are thumbed through, books are scanned, emails may be largely ignored. As a result, decisions are made from the gut. How many business owners give their financial reports that same indifferent stare?
Your business is built on data. Are you making use of your available tools to make the right decisions? You need to know in detail how your company runs.
Your financial statements are packed with information. Are you only looking at Sales, Gross Margin and Net Income? You need to know more to make the decisions to grow your business.
All this information is in your financial reports. If it’s not, it should be. Information is the key to securing stable growth for any business. If these numbers aren’t available for you, a skilled CFO can help you get the information you need to grow your business.
There is one thing that causes every business owner to grimace. You sent an invoice to ABC company, that they
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