You need to develop a data-based culture. There are a series of “levers” in your business that will affect your cash position. ![]() ![]() You need to do good cash planning, and really understand the levers in your business that can affect your cash.ĭo you depend on supplies that vary in price due to market conditions (fuel for instance)? The number one reason small businesses go bankrupt is lack of c ash, not lack of profits. If you are thinking of starting a small business, make sure you follow these ten important rules for small businesses: 1. Like any good coach has said at some point: The fundamentals get you to the top. Most of the challenges in starting a business relate back to doing the little things right.
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