From NFIB: Checklist for Managing a Small Business’ Finances
Small-business owners need to be informed about every aspect of financing, from bookkeeping to cash-flow projections to securing loans from bankers. While you may not need to be an expert on each of these aspects (and, really, you can’t be unless you have an accounting degree), the more you understand about these vital components of small-business finance, the greater the chance for your company’s success.
The following checklist spotlights the main financial aspects an owner needs to be at least somewhat knowledgeable about. To learn more about any of these, consult with your business adviser, accountant or attorney––or read about them in any of the excellent accounting/business finance books available online or through retail booksellers.
Source: NFIB Click here to read the full article.