How to Understand Your Financial Statements: Managing Your Finances: The number one determinant of small business success (Little Green Book Series)

Small business too often fail because their owners do not understand how to manage their finances and read their financial statements. Don't let that happen to you! In How to Understand Your Financial Statements you'll learn: • How to use your accountant to help manage your business —and how to hire a new one if he or she isn’t up to the job. • The role your banker should play in making key business decisions. • How your financial statements can help you make your most important business decisions. • How to understand your balance sheet—the most telltale financial statement of them all. • How to use your profit-and-loss statement to assure you’ll be around next year. • How to understand and forecast cash flow while avoiding the three giant suckers of cash. • How to manage your inventory so that it doesn’t manage you.