Due to the nature of my work i often meet many small business owners doing their thing and struggling to make it work out, and many things quickly tell me it it is working out or not from the minute i get in the door without any word from the owner.
But one thing often disturbs me when i we get deep into conversation and the they confess they have no financial knowledge and do not have any resource that has financial knowledge. This reminds me of a program i love to watch called Dragons Den. In this reality show the multimillionaire dragons ask a few simple question on the financial numbers and are able to quickly make a conclusion if it is a profitable venture or not and most of the time they are right.
If we could all just take time to watch this show and learn from it then go and acquire some financial knowledge enough to let you know if you are running a profitable business or not it would save you a lot of time in future and know when to close shop and count you loses or make the necessary adjustments to turn your fate around to running a profitable business. I am sure there are course in Small Business Finance where you only need to learn to interpret the financial reports your accountant produces.