A small business will not exist if it is isolated. Especially in these rough economic times that we are discovering. You might want to try to determine how your small business is performing by comparing it to other small business within the industry. Do not just compare with the similar businesses that are within your are but also throughout the nation. One of the best methods to use is the financial ratio analysis. It helps to compare your business ratios with other business within the industry.
With this method it also make it very possible to work with the trend analysis also. So, you will be able to look back over the years of your business and see the trends that might be established.
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