Week 13 (Day 3): Financial Ratios for Small Businesses
Day 3: Key Financial Ratios Every Business Should Know
Week 13 Day 3 Action Plan
Today, we explore key financial ratios that every small business owner should know. These ratios serve as valuable indicators of your business's financial performance.
Take Action: Essential Financial Ratios
Familiarize yourself with essential financial ratios such as liquidity, profitability, and efficiency ratios.
Reflect on how these ratios can provide valuable insights into your business operations.
Helpful Tip:
Regularly monitoring key financial ratios can help you spot trends and make informed decisions.
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Which ratio do you think you will try first?
