How to Understand Your Financial Statement – The Key to Managing Your Business is a practical guide to successfully managing your business.
As you know, money (rather the lack) is believed to be the number one
reason for business failure. The statisticians report up to 80% of all
start-up fail in the first ten years.
How to Understand Your Financial Statement provides practical advice on how to manage your money. The book explains the components of your financial statement and helps you understand the key ratios. This information coupled with the industry benchmarks prepares you for making “right” decisions about your business.
You will discover how to set pricing for your product, how much you should pay your employees, what percentage of your gross revenue you should allow for rent and many other key factors for operating your business successfully.
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