Solving Money Problems Before They Start
It seems obvious enough, but running out of money is the great killer of small businesses. Sadly, many cash-flow fatalities could have been prevented if only the business owner had been more aware of the money situation and taken some cash-flow precautions. The author has known small business owners whose failure seemed completely unpredictable. At least it was to them. Caught up in the day-to-day drama of running a company, you can lose sight of even the most important things. This is especially true when the immediate challenges of running the business make real planning impossible. Sadly, sometimes money problems are more apparent to customers, suppliers, and employees than they are to the business owners themselves. How can you prevent this? This paper explains the above questions.