The Local Mogul Blog.

Understanding your business’s financial health is crucial to success. Three main reports can provide a clear picture of your business's performance: the Profit and Loss Statement, the Balance Sheet, and the Cash Flow Statement. Here’s a simple breakdown

Failing to adapt was not an option for second-generation trucking company owner Simon Michael and first-generation American citizens.

If you're a first-time small business owner, you may wonder if you need a business plan. With all the work it takes to start a business, some new small business owners skip over this critical step to get their business off the ground. One of the biggest mistakes a small business owner can make is not creating a business plan. A business plan is an essential investment in your small business. For example, you need a business plan if you want loans or investors. Without a busin