Archive for author: Vernique Henfield

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How to Navigate Inflation as a Business Owner

1234 Inflation is a general increase in prices and a common measure of inflation is the Consumer Price Index (CPI). According to The Bahamas Department of Statistics, as of December 2021, CPI is 113.24 with a 4.1% annual...

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How Business Strategies Impact Financial Statements

1234 The performance of a business depends on various factors, strategy is one of them. Business strategies should be determined by considering the company’s objectives and goals, industry trends, nature of the entity, a...

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Fundamentals of Analyzing Financial Statements Pt. II

1234 Previously, we discussed analyzing the balance sheet. Let’s continue the series, Fundamentals of Analyzing Financial Statements, by exploring the income statement. As a business owner, your main financial goal is to...

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Fundamentals of Analyzing Financial Statements Pt. I

1234 In the first financial blog post, I explained the steps of creating a business financial plan. The second post gave insight on break-even analysis. This post will introduce the series: Fundamentals of Analyzing Fina...

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Break-Even Analysis

1234 As a business owner, it is crucial to measure your business’s financial success. There are various formulas, ratios, and analyses that measure a business’ financial progress. This article will outline the break-even...

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Financial Plan 101 for a Small Business

1234 Having a business idea is great; however, execution is more important. A business plan strategically outlines and explains quantitative and qualitative factors that will develop a business idea into a marketable pro...