By knowing your numbers, you will be able to make better business decisions and protect your assets. More than that, you’ll be better placed to make informed decisions about the following issues concerning your business.
● What are our goals and how will we achieve them?
● Have we identified our strengths and weaknesses?
● Do we have the correct business structure in place?
● What’s our tax plan?
● What are the risks to our business?
● How do we best grow the business and how can we fund it?
● Where are the best opportunities?
● How can we reduce debt?
● Where did all the cash we earned go?
● Do we need more finance?
● Are our personal drawings too high?
● What is our cost of production?
● Do we need more staff and can we afford to take people on?
● When will we be able to retire and hand the business over to the kids?
● Is now a good time to sell?
Knowing your numbers helps you to answer these questions and puts you in the driver’s seat. Once you fully understand your financial position and the influences and levers that direct the outcome, the possibilities for your business are endless.
Today, the reality is that too many businesses fail because their owners have no real idea of their financial position. The key to business success and longevity is presented here for you. Take your time to work through this booklet and fully understand the concepts and apply them to your business. The time spent doing this should be seen as one of the best investments you can make in your business. 
Remember, apart from your home, your business may be one of the biggest assets you will ever own. You need to nurture it, protect it and make it work for you.