Success With Financial Skills

December 28, 2006 Written by Frances Schagen

Financial SMARTS

STATEMENTS
Financial statements give you a precise measure of how well you are doing.

MEASUREMENTS
Successful business owners focus on a couple of key figures, watching how they change over time. The specific measurements change over time and depend upon the business practices you are tracking.

ASSESS
The numbers tell you if what you are doing is working or not. Are they trending up or down? Which way do you want them to go?

RE-EXAMINE
If you are not getting the numbers you want or you want to improve your results, dig deeper to determine which functional areas can affect your results.

TACKLE SOMETHING NEW
Once you know what areas to work on, try something new. If you keep doing the same old things you will keep getting the same results.

SUCCESS
Success comes from continued improvement. Small increments, over time add up to big improvements.

www.squidoo.com/financialSMARTS

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