Keep Up With Your Financials

Tallying your figures at year-end may be too late.

Many small business owners make the mistake of preparingfinancial statements only at year-end when the IRS requires it. Theconsequence is reactive financial planning. If you want to be aproactive financial manager, generate monthly financial statementsand use them to make the key financial decisions that affect thedaily success of your business.

Excerpted from Start Your Own Business: The Only Start-Up GuideYou'll Ever Need

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