In business the most dangerous thing you can do is coast from month to month without truly knowing how much money you have made or lost.
Some people do this for years, working around the clock on a business that in reality is less profitable than a well-paying job.
Not having an accurate financial picture of what they achieved each month means they have little visibility over whether the business is progressing or whether they are simply maintaining the business year to year.
One of the most crucial things to have in business is a financial scorecard–something that tells you every month whether you have gone up or down, and will paint a picture of why you have gone up or down.
A great business advisor and accounting will help give you insight into the numbers of your business and more importantly keep you accountable to the methods that will help improve those numbers.
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