With frequently quoted statistics claiming that 50 percent of new businesses fail in their first year, and 95 percent before reaching the five-year mark, keeping a tight control over your finances can be crucial. At the same time, however, it’s important to ensure that while you are keeping a close eye on your finances you are not neglecting other core aspects of your business and allowing your products or services to suffer. This article offers seven tips for improving your financial management skills until they become second nature, allowing you to keep your attention focused on all aspects of your business.
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