Financial statements are a business owner’s best friends when the owner takes the time to look at them. They indicate the good and bad of a business’s operations. Financial statements such as the Balance Sheet, can be a snapshot in time, while others, like the Statement of Cash Flows, Budget vs. Actual Income Statement, and Profit and Loss Statement, show trends over time. All of them are essential for knowing how the business is performing.
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Outdoor Recreation as Economic Development: New Toolkit Available
The Rural Economic Development Toolkit, created by the Outdoor Recreation Roundtable, outlines best practices for building an outdoor recreation economy. Outdoor recreation offers opportunities for sustainable economic and community development, and most communities need help implementing those ambitious plans. The toolkit contains a list of federal grants and technical assistance programs that can support communities in securing funding and services, along with many other resources.
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