Savvy business owners know it pays off to understand the financial reports because when managing growth, it’s ‘all about knowing the numbers!’
Revenue, human resource management/training, market share and the importance of product development/diversity, along with extending lines of credit, mergers or even acquisitions are all critical considerations for companies planning for future growth.
To best manage a business’ growth owners, operators and board of directors need to “back into the mechanics of how best to get there,” via Forbes. Understanding the ‘mechanics’ means drilling into the balance sheet, profit and loss reports and cash flow statement to forecast future growth goals and map out a plan toward 2019 and 2020 business goals.
Do you have budget, forecast and/or business planning questions? Please call Chris directly at (360) 303-5798 or email him at: email@example.com and schedule your free consultation.
Chris McGee is an Intuit Advanced Certified QuickBooks® ProAdvisor and regularly meets small and midsize companies throughout the North Puget Sound region. Based in Bellingham, WA, Chris consults onsite or remotely throughout Whatcom, Skagit, Island, Snohomish and Thurston Counties and into AK, OR, and ID. ProFound Impact is a division of Business Support Services Northwest, LLC.