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At the beginning of each year, people and business owners all across the world take time to assess their business’ financial condition. For some business owners, the beginning of the year is the only time financial condition is examined. If you are a business owner who only pays attention to finances at special times of the year like the beginning of the year and tax season, it is time for a change.

It is important to have a good relationship with your financial condition. Money is not a dirty word. Finance is not a dirty word. When you are an entrepreneur, you have an obligation to pay attention to the financial condition of your business. You should always be aware of the key elements that impact the financial condition of your business. These elements include:
Cash flow
Balance sheet
Accounts receivable
Accounts payable