Keep Up With Your Financials
Tallying your figures at year-end may be too late.
Many small business owners make the mistake of preparing financial statements only at year-end when the IRS requires it. The consequence is reactive financial planning. If you want to be a proactive financial manager, generate monthly financial statements and use them to make the key financial decisions that affect the daily success of your business.
Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need