your most powerful tool: INCOME Statement 101
An income statement tied to crucial performance questions is the key to quickly and accurately determining a business’s financial position.
Income statements should serve as the basis for informed decision making. Unfortunately, too many businesses ignore the very document designed to help them get an accurate read on their financial position. Instead they may take a myopic focus on gross collections and paying bills.
Ideally, businesses systematically use well-developed income statements and balance sheets that are organized according to a logical and well thought-out design.
Re-development How-to
Determine crucial questions
Edit (or create) a congruent income statement
Learn to interpret your financial position
Systematize its use
Course-correct as a part of your leadership