What Does Knowing Your Numbers Mean?
Knowing your numbers goes beyond checking your bank balance. It means understanding your break-even point and how much revenue you need to generate profit.
Without clear margins and targets, you can work harder without seeing financial results.
It also includes forecasting and planning for upcoming costs like GST and tax bills, so strong cash flow doesn’t turn into a surprise shortfall.
About author
Shehan Wijayasinghe
Accounting
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