Why Profitability Is Key to Assessing Your Business Growth Every emerging organisation be it small, medium or large has certain inherent reasons for its conception. The nature and characteristics can further explain the type of business in question, as to whether or not the business is profit making, nonprofit or a charitable organisation. In this article our focus will be…
In the past, most businesses never saw the need for financial reporting, they never appreciated how it will contribute to business growth and survival. Such businesses were often denied credit facilities they sought for business expansion and related reasons. They also suffered from losing a lot of business opportunities that having financial statements came with. The situation sadly still persists…