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Making More Money in 2025
Veteran entrepreneurs know that profit is what drives success in business, yet, as of 2022, approximately 35% of small businesses operating in the U.S. weren’t making money, according to Chamber of Commerce.Â
Even businesses that are growing according to other metrics won’t withstand the test of time if they ignore their bottom line. Growth without profitability is an unsustainable business practice – Period!
If you have a small business or side hustle, it could be as simple as paying attention to “The Final Five.” These are the five reports that entrepreneurs should be looking at on a daily basis, even if only for five minutes. The Final Five helps business owners identify patterns, spot issues early and use data — not emotion — to make decisions. They are:
- Profit & Loss
- Accounts Receivable
- Accounts Payable
- Statement of Cash Flows
- Sales by Client
