Some entrepreneurs are born loving numbers. Spreadsheets, calculations, metrics, income statements — for many business owners, those are downright exciting. Of course, there are also business owners who hear these terms and must do their best to resist curling into the fetal position in their CPA’s office.
No matter what camp you fall in, understanding your financials is essential to starting, running, and growing a successful business. Thankfully, when terms are broken down into easily understandable concepts, and you have the opportunity to see examples and utilize templates, these numbers don’t have to be scary at all.
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