Over the next Several Weeks we will be posting a new and different one-minute video providing business tips and instructional commentary for small business owners. These tips will range from key metrics to consider to the importance of Business and Cash Flow Forecasting.
It’s very simple, if you’re going to make good business decisions, you must establish and maintain good financial numbers. My name is Michael Barbarita from Next Step CFO providing outsourced CFO Services with your know your numbers minute. Making business decisions without good numbers is like a doctor making a decision to operate on your ankle without the benefit of x-rays. It simply shouldn’t be done. The first thing I do when I get a new client is to make sure they have good financial numbers so that better decisions can be made. Many business owners place a low priority on book keeping. Please make book keeping a high priority, it is the only way to keep score and help you make the best business decisions. And remember, the most successful business owners know their numbers.