Credit: Ministr/Bigstock

Credit: Ministr/Bigstock

Stories this photo appears in:

Tease photo

Improve a Business by Creating 5 Financial Statements and Analyzing Them This Unique Way, Says Financial Education Benefits Center

Many businesses begin with a vision, but many cannot build a financial plan to bridge that vision with reality. The problem may be that entrepreneurs do not understand the financial benefit they get out of a financial plan. Instead of implementing an idea with a solid logical foundation, many entrepreneurs conceive of an idea and then pursue that idea without researching enough to justify it. By shooting from the hip like this, an entrepreneur may be throwing away opportunities for success. If entrepreneurs focus on developing their financial plan before taking immediate action, they may be able to figure out if that action is worth continuing. Financial Education Benefits Center (FEBC), a membership benefits company, offers resources that may help entrepreneurs plan and improve their business.