Cash is still king


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Cash flow management: Techniques and tools

Cash is the lifeblood of any small business. You need to constantly monitor how much cash is flowing in and out of the business to make sure you're not spending more money than you have coming in. And if you can't manage your cash flow within the first year, it's unlikely you'll survive the second year. To help you understand and track cash flow, Saige Driver shares some top tips from experts on what cash flow is and why it's important, how to project your cash flow, how to address shortages, an...
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How to prevent cash flow problems

Startups and small businesses are especially vulnerable to cash flow problems. Although profit making is essential for growth and sustainability, cash flow management is critical for a startup's survival and even a profitable and growing business can go bankrupt if it runs short of cash. Entrepreneurs don't always keep a close eye on cash flow and many small businesses fail because of poor cash flow management .As an expert in helping businesses to overcome cash flow problems, Carl Faulds s...
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5 small financial mistakes that can lead to a major cash crisis

Starting a new business takes up so much of your time and energy that you may let your control over finances slip a little. While they may only be small mistakes now, if neglected they can build up over time until they reach crisis level. Holistic wealth expert Leanne Jacobs shares here some of the lessons she learned during her first few years of entrepreneurship to help you avoid making the same mistakes and suffering long-term consequences.[Read the full article on entrepreneur.com] 
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The top reasons startups fail

No one wants to start a business only to watch it fail. Yet, many startups fail in the first years of their existence.Grand ideas propel startups in the beginning, only to be met with failure later on. Unfortunately, it’s an all too common problem.In this article, we look at the top reasons startups fail. We’ve found the reasons are quite similar across the spectrum of startups, and we present them here in an effort to help you avoid the common mistakes that have cost startups over and over agai...
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What you need to know before you seek funding for your startup

As a startup founder, funding is probably the top concern keeping you up at night. The questions running through your mind:How will I get funding?Who will I ask?How much do I need?Will it be enough?Let’s talk about what you need to know before you seek funding for your startup.Whose Money?One of the first questions to ask yourself is whose money will you use.Will you use your own nest egg to fund your startup, or will you go the route of debt financing? In other words, will you take out loans an...
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How much money do I need for my startup?

One of the first questions asked by any entrepreneur is, “How much money do I need for my startup?”That’s an easy enough question, but the answer isn’t always straightforward and simple. It also varies by business.To begin, we have put together a list of things for you to consider when first pondering the question of how much money you need to raise:You need enough money to turn the corner. In other words, you need enough capital to fund various milestones to help you reach your goals. For examp...
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Growth: it’s unique, it’s complex, but it’s predictable and it needs cash

In order to help shape the odds in their favor, many people choose to study. The surge of MBAs around the world is testimony that and the number of educational establishments that specialize in teaching entrepreneurship and MBAs has also grown.Babson College in Boston, US, is one such establishment with about 2,200 undergrads, 800 graduates and many who pass through the exec programs. The entrepreneurial department at Babson is the largest on the campus and today boasts a 70-strong team, wi...
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