business performance

Take Time to Read Your Financial Statements

A complete set of financial statements for your business contains three reports. Each serves a different purpose, but ultimately helps stakeholders — including managers, employees, investors and lenders — evaluate a company’s performance. Here’s an overview of each report and a critical question it answers. 1. Income statement: Is the

2021-08-11T08:20:01-06:00August 11th, 2021|

Business Cost-Control Strategies

“That’s just the cost of doing business.” You’ve probably heard this expression many times. It’s true that, to invoke another cliché, you’ve got to spend money to make money. But that doesn’t mean you have to take rising operational costs sitting down. Cost control is a formal management technique through

2021-04-12T14:56:24-06:00June 19th, 2018|

Decreasing Profits: How Low Can You Go?

If your profits are decreasing compared to revenue and assets, your financial statements may provide insight into what’s happening and how to improve your performance. Watch for red flags As you sell more and invest in additional assets, profits should, in theory, increase by a proportionate amount. However, that’s not

2021-04-12T14:56:25-06:00May 23rd, 2018|
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