COLLINGSWOOD, NJ
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Written by: DWagstaff | August 31, 2012 6:51 AM in Accounting & Finance | 52 views | Tags: Financial Analysis , Business Planning , Financial Analysis , CFO , Financial Consulting , Management Accounting
Financial Analysis as a Tool to Drive Profitability It?s not uncommon for a business manager or owner to perform well in many of the critical disciplines needed to succeed in business, but
still fall short on making a profit or the income they need to survive. It?s particularly frustrating
for a small business owner who puts their heart and soul into their business. They see it grow
with customers who love their service, but then their business fails (or nearly fails) because they are unable to pay themselves the income they require. Adding to the frustration is knowing they could earn that needed income working for someone else.
Financial analysis is an important topic that helps business managers and owners gain a deeper understanding of how their business is performing. It provides insights not available by looking at the bank statement, reviewing end of year tax statements, or reviewing corporate income statements. It represents a wide range of analyses useful in understanding different facets of the performance of the business. Examples of financial analysis may include: Income Statement Analysis, Cash Flow Analysis, Business Unit Profitability, Product Profitability, Customer Profitability, Geographic Profitability, Return on Investment (ROI) and Sales Force Analysis. Financial analysis and modeling typically includes a look at both revenue and expenses and provides management with insights that enable informed decision making. Individually and together, these insights can make a dramatic difference in the income of the business.
To read more: ?http://clarityfi.com/Business_insights/
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