Today I’ll present to first year students at Grossmont College on the importance of Accounting. Most eyes will glaze over, and yet one or two students will get it. They will understand that if you have good accounting practices it will be indispensable to make decisions on how to grow the business and eventually help them sell their business.
Whether we’re the head of our own company or an employee always look for opportunities to increase either the Price of what you sell or sell more of it (Quantity.) Making money is an active process and all the information that fills your head should be sifted out for money making opportunities.
Check out the attached PowerPoint presentation for ideas on how you can make more money by knowing the income statement and what it represents.