Mistake #5:  Business Model – Lacking the Understanding of Your Financial Ratios

If you have missed any of the first four mistakes businesses make during a crisis, you can read about them here:  Understanding Your Industry Cycle (M1), Timing (M2),  Risk (M3),  and Liquidity (M4).

Today we move on to Mistake#5 (M5): Lacking the understanding of your business model’s financial ratios and how they measure-up against your industry.

Why is this important? Because your business model can make or break your company. Properly understanding your model can help you manage more effectively, alert you to potential threats, help you take advantage of market opportunities, and masterfully navigate any economic cycle.

Read the full article about  Mistake #5 here.  

View this email in your browser