Download Accounting for the Numberphobic. A Survival Guide for Small by Dawn Fotopulos PDF

By Dawn Fotopulos

Why achieve this many company proprietors dread taking a look at the numbers? They make excuses...They do not need time...That's what the accountant is for....But the straightforward fact is that nobody else will ever be as invested of their corporation as they are—and they should take keep watch over.

As a small-business proprietor, monetary statements are your most vital tools—and for those who have no idea tips to learn them and comprehend their implications, you can't almost certainly steer your online business effectively. Accounting for the Numberphobic demystifies your company's monetary dashboard: the web source of revenue assertion, funds circulation assertion, and stability Sheet. The booklet explains in undeniable English how every one dimension displays the general health and wellbeing of your business—and affects your judgements. you can find:

How your web source of revenue assertion is the major to turning out to be your gains • the best way to establish the break-even aspect that suggests your corporation is self-sustaining •...

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Extra resources for Accounting for the Numberphobic. A Survival Guide for Small Business Owners

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It’s absolutely essential to know the unit cost for every product the company sells. This is the direct cost of materials and labor required to create a saleable product whether that product has been sold or not. Unit cost is the same as COGS for product that has been sold and shipped out the door. Unit cost is also used to measure the value of inventory, which is product that’s been made but not sold yet. A product’s unit cost may fluctuate, due to external factors such as increases in the cost of raw materials or of labor.

Small Business Administration. It’s no wonder that 40 percent of these businesses fail to survive even four years. If you’ve heard this statistic, you’ve probably also heard the reasoning that it must be due to lack of start-up cash or unviable products and services. It’s not. There is plenty of cash available and broad enough markets for the business you manage to find new and loyal customers. Small businesses largely fail due to mismanagement. If you want to keep the business out of bankruptcy and reach the most important destination—sustainable profits and free cash flow—then you need to take the basic driving lessons necessary to maneuver a profit-making vehicle for the products or services you manage.

Only then could we have an intelligent conversation about how to strategically build a marketing program and how to get and measure a return on my investment. In the chapters ahead, you’ll learn to see how your business’s marketing is really affecting its bottom line so you can protect and grow its profits. As you’ll discover, there are many ways to increase a business’s profits, and some of them can be implemented more quickly and easily than you can imagine. These approaches have turned around hundreds of failing businesses.

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