Using Financial Statement Analysis Software (Correctly) Can Save Your Small Business

financial statement analysis softwareIn previous blog posts, we’ve told you that one in four businesses fail during their first year. That number increases to 36% by the second year, 44% by the third year, and 50% by the fourth year. Since small businesses are the lifeblood of any economy, that’s a disturbing set of data. Even worse? It’s estimated that up to 46% of businesses fail because of “incompetence.” In other words, they’re either ignorant of financing and pricing, fail to pay the taxman, or spend too much too soon. read more…

Make Better Business Decisions with 5 These Tips

financial risk analysisStarting a new business can be difficult. Nearly one quarter of all businesses fail about one year after they open. Nearly 50% of all new businesses go under within four years. Many do not succeed, because they cannot get access to enough start up capital. Others go under because of sheer incompetence, which accounts for nearly half (46%) of all business failures. read more…

Small Business 101: How to Calculate Total Current Assets

8093738_20160204_9959852[1]
When it comes to running a business, the difference between success and failure can depend on a multitude of things. However, some key aspects of maintaining a well-run organization are often overlooked by novice business owners, which can lead to failure. One of the most important factors of successful business ownership is taking the time to calculate total current assets and make business decisions based on this vital information.
read more…

Financial Risk Analysis: An In-Depth Look

financial risk analysis

One out of four businesses fail after their first year. The number of failed businesses grows to 50% by the end of their fourth year in operation. About 5% of these businesses fail because of inadequate cash flow or sales. Many business owners know this is the way the corporate world works but don’t take the proper steps to prepare themselves and their organization for it. read more…