“Financial Matrics Every Small Business Owner Needs to Know” by writer Ty Kilisel, explains that there are metrics that will help businesses grow and continue to be successful. If there are challenges that come along a business will be able to act accordingly using these metrics.
This article continues to explain the 5 metrics to look at are income, expenses, cash flow, accounts receivable aging, and accounts payable aging. The metrics allow a business to determine when to apply for a business loan that will help out the long run when necessary. A lender will more likely give preference to a business owner who understands and can articulate how their business is performing at a financial level.
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