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Showing posts from May 6, 2012

WANTED: Financial Statement Interpreter By Aundrea Wilcox

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This weekend, I was scavenging the Internet looking for ideas that small business owners can use to improve their bottom line when I came across an article on palm reading.  You might be asking … “What does this have to do with business?”  Well, I found myself attempting to read my own palm just for fun, but I quickly doubted and dismissed what it told me.  In other words, my reading was skewed to what I wanted to hear.  For example, my life line seemed too short, so I immediately disregarded that because who wants to die at such a young age?  I didn’t see a success line at all which is not unusual—so it said, but still I disregarded that because I strive for success every day, and I’ll be darned if I don’t get someplace good eventually—I’ve worked too hard to settle for anything less, right?!   In the real world, it’s crucial for small business owners to be able to “read” their financial statements before making any major financial decisions such as borrowing money, signing