How important is math when it comes to running a business?

Our ability to run our businesses is a function of math. It would be virtually impossible otherwise, as we would not have systems of measure to understand how well we are doing. To put it bluntly, math is one of the few skills we have to master in our lives in order to survive. 

There are so many actions that are part of our daily lives that involve math, and not having the ability to perform these actions would leave us at a distinct disadvantage to those who understand and master this. In business, how strong we are in math distinguishes us from our competition. Overlooking this fact can lead to potential disaster.

How this translates to business is simple. Understanding how to run a business from a fiscal perspective is paramount to the success of the business itself. The most successful businesses are those that are run by managers that understand numbers and surround themselves with others who do as well. The ability to create cash-flow analyses, understand balance sheets, and implement changes to influence the profits of a business in a positive way is all about math and is a skill that every sound business owner should have.

   —Victory