Almost a third of businesses fail due to problems with the financial structure of the company, but you may be able to avoid this trap by understanding and monitoring certain key financial metrics and taking the appropriate actions. To assist you in this process, I recommend that you read comprehensive article that explores seven key metrics to keep your business profitable.
While some of the metrics in this article might seem basic, you can dig a little deeper by following the links provided by each metric. The linked articles offer in-depth details related to how each metric is calculated and tips to improve results. To read the article on bplans.com, click here.
If you’d like further help assessing your company’s financial health, feel free to contact me at 214-454-9051 or firstname.lastname@example.org.