Some business owners are tempted to leave their balance sheets to their accountants, but it is important for leadership to understand how to read their balance sheets in order to keep an eye on their finances. Many businesses don’t realize their companies are facing financial difficulties or are on the verge of being insolvent until it is too late. If your company is in financial danger, meaning your liabilities are much greater than your assets, there are some strategic moves that can help you turn things around.
