7 Financial Questions You Should Be Able to Answer.

Can you answer these 7 financial questions? If you can’t answer confidently today, take the time to find answers and increase your financial literacy.

1) How much would my profit increase if revenue increased by 10%?

2) What is my profit break-even point?

3) What is my cash flow break-even point?

4) What is my Gross Margin? Is it different than my Contribution Margin?

5) How would I know if my accounting/money was being mishandled?

6) How fast can I grow without harming my business financially?

7) What are my biggest financial risks? How am I mitigating those risks?