03 November 2004

Every business decision has a financial impact

Intellexis.com, a provider of financial and business skills learning solutions, posts a
free financial awareness test to assess your business financial awareness.

The understanding of basic business finance concepts is now an essential skill required by all business owners. Every business decision has a financial impact. Are you able to quantify this? Intellexis asks:
  • Can you compare the effects of different strategies?
  • Can you present a business case that justifies the approach you would like to take?
  • Do you understand how your customers and suppliers view your business?
The test was a great resource to identify where your knowledge gaps are. Personally, I did well on the margins and cash flow portions, but I sure will have concentrate on the assets and costs portions of the assessment.

posted by Silentman, Henry C. @ 13:19 hours MT(GMT-7)