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Understanding Your Finances

[ 0 ] Jul. 24, 2013 | SBO Editor

“Numbers can’t and don’t tell the whole story. A business’s financial results must always be understood in context–that is, within the framework of the big picture. Factors, such as the economy, the competitive environment, regulations, changing customer needs and expectations, and new technologies all affect how you should interpret the numbers and what decisions you should make. Numbers should inform your decisions, not determine what you decide.”

–from Financial Intelligence for Entrepreneurs

By Karen Berman & Joe Knight

Harvard Business Press

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Category: Features