The last line on a balance sheet showing profit and loss is an example of the bottom line. Deteriorating bottom line impacts the entire value chain of the business. Never leave your bottom line to the bitter end, the earlier you improve it the more successful your business will be.
Living with debt is highly problematic and not advisable, but for a good reason. Having debt even with low interest rates makes everything more expensive, reduces your saving and also makes it difficult for you to grow. To accumulate wealth in the long run, it is necessary that you become debt free.
Accepting the fact that you can go out of business is the first step towards building a business that withstands time. There are obvious signs that reveal if your business is failing, but it might be too late then. Always analyses these numbers and be observant of them to protect your business. Learn about these […]