Understanding your business finances is essential to the growth of your business. Even if you’re at a stage in your business where you’ve reached success it is imperative to have basic knowledge of financial forecasting and planning for the purpose of sustainability and growth. Here are 4 important money tips every small business owner should know. What is your “Break even” point Most business owners have no idea when they’ll break even in their business, let alone when they’re expected to make a profit. When creating your business plan, include a “Break even Analysis” when calculating your budget. A “Break even Analysis” will help you to determine when your business will expect to make a pr
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