The Secret to Small Business Success: Planning and Financial Management

A new article from CPA Practice Advisor explores the key to small business growth and the importance of using financial statements to promote that growth.

Despite some new hurdles that include health insurance mandates and increases in the minimum wage in some states, small business owners in the U.S. have high hopes for growth and hiring in 2014, according to a new survey. However, the level of confidence they have is greatly dependent on how well they plan and track their financials.

The 2014 Q1 State of Small Business report, commissioned by Palo Alto Software, found that small business owners who regularly plan and track their business’ financial metrics expect more growth in 2014.

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