As a small business owner, your ability to manage your finances may determine the longevity of your business!

Don’t you think it’s important to know how to determine if you’re spending more money than your business is bringing in? This is just one aspect of managing your finances that you NEED to know how to do for your business to survive!

In an infographic published by Small Business Trends, a small business news source, they state that 40% of small businesses are profitable, 30% break even, and the remaining 30% lose money.

They also stated in this same infographic that 50% of small businesses close within a year, and a staggering 95% fail within the first 5 years.

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Having all of these statistics in mind, a big reason why small businesses don’t make it is because of financial mismanagement. We’ve created this slideshare in hopes that this can help educate you on what it takes to manage your finances efficiently and correctly.

Making financial decisions with costly consequences

Managing your finances correctly may just save your business or give it the kickstart it needs to become successful!