To the blog for small and medium sized business (SME) owners.

Monday, June 25, 2007

The Profit and Loss Battleground

All businesses must generate profit and positive cash flow to survive. However, many small and medium sized business owners (SME) do not appreciate the impact their day to day actions have on their business performance.

Often it is not one single event that may put at risk the business, but rather small errors frequently repeated, that in isolation may be unimportant but compounded have a dramatic impact on the long term business prospects.

One single event is identifiable and corrective action may be easily taken. Many small detrimental actions are perhaps accepted as 'custom and practice' of the business, but the harmful effect may not be realised until it may be too late.

If you are a business owner and would like help to check the health of your business - How Much You are in Control the click here.

For an easy guide to the positive and negative factors affecting your profit visit The Profit and Loss Battleground.

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