The financial decisions made as a new business determine its survival in its first year. Managing finances is a challenging task, and business owners need to acquire financial skills to create good financial habits.
Your small business has weathered its ups and downs, but the slow economic recovery has caused you to rethink everything. No longer can you expect robust earnings month over month — indeed, just turning a profit can be a big challenge with rising regulations, health care costs, and sharp competition weighing in.
Watch just one episode of “The Office” and you will see workplace dysfunction at play. Although the now retired television series was a parody of the office environment, avid watchers and office workers alike would tell you that there was an element of truth between each caustic line.