A set of financial statements can help you answer all of these questions. In this article, we'll explore the five most common types of financial statements – highlighting each one's role in helping you manage your business.

Better known as the "vital few and trivial many," the 80/20 principle states that 80% of consequences stem from 20% of causes. Understanding the psychology and implications of the Pareto Principle can help your business tremendously – and can be applied to nearly every part of your business and personal life.

Do you spend every day pouring your heart and soul into this business but still find yourself running into issues you don’t know how to solve – like incomprehensible financial documents and unpredictable cash flow? It’s easy to fall into the trap of the same old routine work and to divert all your efforts in the wrong direction.