Dave Ramsey Business Plan

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Now it’s time to get up to speed on common bookkeeping and accounting terms.

Don’t be embarrassed if you aren’t familiar with all the technical definitions. What is a refer to the money your customers owe you when you send them an invoice.

These will help you determine where to commit funds in the future and how to create your business plan.

They tell you the story of what is really going on in your business. Your balance sheet shows the assets, liabilities and owner’s equity for your business.

Equity is the value of your business assets minus the liabilities; it’s basically the value you’d place on your company if you had to put a price tag on it today.

Profit and Loss Statement: Is your business profitable?

Whether you’re just starting a small business or you’ve had one a few years, these easy tips will help you stay organized.

When you decided to start your business, you were just hoping to make more money than you put in.