How To Manage Your Financial Forecasting In An Uncertain Market
Editor’s Note: This article is based on an interview we did with Wendie Michie, CEO of Zoomforth–a microsite building platform for enterprise customers. You can watch the original conversation above or keep reading for a recap of what we learned.
How to Build and Benefit from Your Small Business's Budget
Budgeting is the most powerful tool you can ever implement in your business. If you don’t structure your finances and bookkeeping correctly, your business is at risk of failure. For many small businesses having a business budget could be the thin line between the success and failure of that business. Managing a business can be a lot of work as you have a lot of moving pieces that you need to keep track of. Between marketing, getting clients, and establishing a digital presence for your company, you hardly have time to think about a business budget.
Reading and Using a Profit and Loss Statement: What You Need to Know
Every business - big or small - should be taking their finances seriously. That includes evaluating profits to make sure everything is running smoothly. If there’s a sudden change in profits (whether for better or worse), it can tell you a lot about what’s going on behind the scenes. The more aware you are of your financial state, the more direction you’ll have in setting business goals and solving problems.
That’s why you should be checking your P&L statement regularly. We’re going to look at what a P&L statement is, how you should be using it, and what you can do to take your business to new financial heights.