Running a Small Business is anything but easy. As a Small Business Owner the majority of your time is spent just trying to keep the lights on and fighting the next fire.
But there comes a time when every owner needs to decide whether or not they will and can grow their Small Business. But exactly how to grow your small business is challenging.
In a previous post, we introduced you to financial analysis by analyzing an Income Statement. In this post, we are going to take your financial analysis skills one-step further and learn how to analyze a Balance Sheet.
The Balance Sheet is a critical financial statement for a Small Business and deserves your time and attention as a Small Business Owner. Think of the Balance Sheet as a summary of a company's financial activity.