Summer downtime is the perfect opportunity to take a strategic look at your business operations. From auditing finances and inventory to refining marketing efforts, a little planning now can lead to stronger performance all year long.

If your business is growing but cash still feels tight, working capital may be the missing piece. Understanding how your short-term assets and liabilities interact helps you keep operations running smoothly and bills paid on time.

Your Profit & Loss and Balance Sheet work together to tell the full financial story of your business. When you understand how these reports connect, you can make informed decisions about profitability, growth, and long-term stability.

In this edition, we break down Variable Costs, Fixed Costs, Cost of Goods Sold, and Overhead costs. Understanding the differences between these costs helps you see where your money is going and how it impacts your profitability.