Accountancy Services News 16th July 2010
With the increased popularity of entrepreneurs such as Richard Branson and the Dragons from Dragons Dens ( Duncan Bannatyne, James Caan, Deborah Meaden, Peter Jones and Theo Paphitis), there has never been such a buzz around setting up your own company and making it as an entrepreneur.
HOWEVER, it is not all glitz, glamour and pitching for investment – here is an excellant article that talks about “how to improve your financial IQ”, this article highlights two big mistakes that are made:
“1. Fully neglecting to track income and expenses by letting receipts pile up (or get lost) and failing to enter data into a bookkeeping system.
2. Doing a decent job of keeping income and expense records up to date, but failing to use the numbers to answer questions about the business’s financial situation.”
Read the full article here.
There are some golden nuggets in this article, however if you have any question please feel free to contact us at Accountancy Services Direct.
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