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Accounting for small business : the key to small business growth & profitability

Rahman, Kokab2024

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Summary

Small businesses make up more than 90% of businesses globally. Studies show small businesses are the number one source of new jobs. Globally over 300 million new businesses are started each year. Especially with the internet making it possible to start a business online easily, many people are turning to starting their own businesses or becoming self-employed. This provides huge opportunities for wealth creation. However, many of these entrepreneurs / solopreneurs have no prior background in business or accounting. This can be a disadvantage and can reduce a business's growth and profit potential. Without understanding the accounting and financial side of the business, small business owners miss out on opportunities that can help grow their business. Accounting for Small Business - The Key to Small Business Growth & Profitability provides insight into accounting so that new business owners can have a correct understanding of business financial management and take the steps needed to increase profits, reduce costs, and improve business operations and growth.