Week 2 Journal Include a cover page and 1-2 pages of reflection regarding what new learnings you've taken away from the week's activities, readings, videos, and other information you found noteworthy....

4
Strategies required for successful business operation
Strategies required for successful business operation
Table of contents
Strategies required for successful business operation    3
Business Statement    3
Financial Dashboard    3
Changing methodology in Corporate Finance    4
Pre-tax net income chart    4
References    5
Strategies required for successful business operation
Business Statement
Strategies need to be implemented in the organization to run the business successfully. However, a business statement must be made and maintained to follow up the recent growth of our business and the future possibilities of earning revenues in the business. The business statements incorporate income statement, cash flow statement and balance sheet. Our business owners can get to know about their net profit of business by maintaining these business statements. They can hire more human resource, which helps in grow the sales of business and invest on new machineries needed for the business by the extra cash, which comes from the net profit. Our business owners also do not have to borrow cash from the lenders because of the extra cash coming from the net profit. They can also check on the price of sales by viewing the balance sheets of the obtainable accounts (Forbes, 2013).
Financial Dashboard
Financial dashboards would be very essential for...