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Business Finances and Reports

About budgets and financial reporting

Mismanagement of money is a common reason businesses don’t succeed. Ensure you have robust systems in place to budget and keep track of your finances, and provide information to help you make business decisions.

Reports

Your three most important financial reports are your balance sheet, profit and loss (or income) statement, and cash flow report.

Together, these reports provide a snapshot of the financial situation of your business, and are vital pieces of information both for your business managers and for stakeholders such as investors and lenders.

 

Useful resources

Finance tips to help your business

All about financial reports

 

Back to How to achieve Commitment 1
Back to Achieving the 12 Commitments
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Review Your Vision and Mission

Your company vision should focus on where you want your business to be in the future. Consider how you can incorporate sustainability. Make it publicly available and ensure all your staff are familiar with it.

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Business Analysis Tools

Use a business analysis tool to assess your business and competitive environment

An analysis of your strengths, weaknesses, opportunities and threats is a great way to figure out what your business does well, and where you can do better.

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Understand your Risk Profile

What is a risk profile and why is it important?

Adequate preparation and cover for potential risk is vital to ensuring the economic sustainability of your business.

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Operate with Good Business Ethics

What is good business ethics?

Good business ethics covers the values and ethical rules of your business, as well as obligations such as paying the right tax at the right time.

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