10 Financial Yardsticks for Your Small Business
Time and again, accountants and consultants who specialise in small businesses say that such enterprises don't pay enough attention to cash flow. That’s the measure of how much money you really have in the business. Keywords: Small Business, Small Business Ideas, Small Business Startup, Small Business Software Article Body: Time and again, accountants and consultants who specialise in small businesses say that such enterprises don't pay enough attention to cash flow. That's the measure of how much money you really have in the business. Be Wary of Big Contracts "Small entrepreneurs wind up taking big orders that get them in trouble," says Ronald Lowy, who heads a college business administration department. "They want the big contract, but they're not getting enough money at the front end of it and they don't have the cash reserves to pay workers and other bills while they're waiting to get paid themselves. They might show a profit on an accrual ba...