Every small business, as it grows, will require some sort of financing to fund its growth. The reason is that, as companies grow, they need to buy more inventory, hire more staff, expand their office space and work area, buy …
Six Reasons Why Businesses Fail
1. Poor Management Good managers need to be able to understand their own strengths & weaknesses and that they can’t do everything themselves. Entrepreneurs tend to be very hands-on and often have a difficult time passing on responsibility to others. …
New Sales Does Not Equal Immediate Cash Flow
Sales growth consumes cash. It doesn’t generate cash. Please remember that, as you grow your business and increase sales, you will need to order more inventory, incur more payroll and expenses and generate more accounts receivable. As a result, there …