Cash Flow = Income – Expenses
I’ve read that 80% of businesses fail within the first five years. If you’re part of that 80%, then your company will fail. Why? Well it doesn’t help that people jump into business without understanding the concept we’re discussing today. Let’s give them the benefit of the doubt, though. They may understand the concept, but they may be slack in it’s implementation and management. Over the next few weeks I will be helping you understand what role the Financial Statement plays in your business. Financial education FTW! That being said, let’s take a chunk out of that business failure rate, shall we?
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