Christopher Salis - Finest Start-up Advisors

Whatever the nature of their companies, all new entrepreneurs must understand the economic fundamentals that help their businesses thrive. That is true for everyone, but perhaps especially for those who consider themselves more creative than business-savvy.   Being in charge can be overwhelming if you don't have a solid background in business. Understanding how to interpret a balance sheet and a profit and loss statement is just as important as knowing how to make the product or provide the service.   As a successful entrepreneur, you'll need to know (or know how to do) the following things explained by Chris Salis :   The Economic Picture   Many startup founders have no idea where their company fits into the larger economic picture or what impact an economic downturn could have on their company. You don't have to be an economics professor to start and grow your own successful business, but you should understand your economic community.   That means you