Financial statements play a key role in identifying opportunities within a business.  Understanding how money is flowing in and out of an organization is one of the most basic concepts there is, however it is often overlooked by small business owners.  To illustrate this point I will use an example[…]

When an individual starts a small business they usually do everything.  They are responsible for marketing, operations, accounting, legal and anything else that you can think of.  Unfortunately unless you are a marketing guru, CPA, attorney and operations wizard all rolled into one this arrangement can become difficult.[…]