Small business owners and entrepreneurs sometimes overlook
the importance of knowing exactly what their businesses are worth. That is why this article, "What a Balance
Sheet Reveals About a Small Business," grabbed my attention – it is a reminder
of how important it is to take the time and develop financial statements for
your business, especially the balance sheet.
The article gives a refresher on the sections of the balance
sheet, and helps you to understand how the information can help you understand
the financial strength of your business.
"Ignoring the balance
sheet or failing to address any problems uncovered on it may lead to serious
challenges for a business. Since the balance sheet is more complete than either
the P&L statement or the cash flow statement, it reveals many of the key
decisions that impact the overall health of a company."
"What a Balance Sheet Reveals About a
Small Business" by Marco Carbajo, posted on SBA.gov
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