If you own a business, it’s important that you look at your year-end financial statements to see where you are compared to last year.
This means looking at your income and expenses compared to last year so you can now identify where your business has been in the last year.
By looking at your financials at the end of the year you can now set your goals for the upcoming year regarding revenue and expenses and what went well and not so well in the business.
Once you’ve identified those things that went well and not so well last year, you can put actions into place for the coming year to fix what didn’t go well and improve what went well.
