Great article for any entrepreneur - especially those who do not teach Finance on the college level :). Whenever I get the chance to teach Corporate Finance, I go a little nuts. There it is - in the textbook, formulae and information about NPV, IRR and other financial measurement tools that I actually used as a professional at McGraw-Hill Education and I just always love the looks on my students faces when they would complain "When will we ever have to use these formula?" and I would say, "I used these every day as part of the PMO (Project Management Office) ...."
It is powerful to have financial know-how at your fingertips and you can get equipped with these tools without having an MBA using resources like this by John Boitnott. This article goes over the top 5 financial rations you should know. If you have any questions, you can ask me and I won't even make you address me as Professor Nielsen. Happy Hunting!
Inc.com 5 Financial Ratios Every Entrepreneur Should Know
Lisa Vento Nielsen