Can you read a balance sheet or income statement? Are you fully aware of the financial strength of your company? How well is your company doing? Should you be considering expansion or maybe downsizing? We too often find that owners of small or medium size businesses do not grasp their own financial positions. As such, these same owners cannot make sound business decisions on issues related to capital purchases, nor can they effectively plan for expansion. What is your banking and borrowing position? Do you qualify for loans or financing should you wish to expand the business? Do you know?
Level 1 can provide simple tools used to manage a company’s sustainability or help it through expansion phases; whether moving to a new location, buying more equipment, hiring more staff. These are all crucial aspects in a company’s development which need careful planning and execution.