How to Create a Personal Financial Statement

INC Magazine

If you own a small business or are self-employed, this guide will help you track income and expenses on a regular basis.

Business owners who are intimidated by financial analysis tend to fall into the second group—they act only when pushed. But that can be a mistake. Knowing one’s way around a financial statement is an important step in maturing as a business owner. A personal financial statement is also a helpful tool in helping you to understand the separation (and blurring of the line) between an individual’s assets and liabilities, and those associated with his or her business venture.

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