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Old 18th December 2013, 05:02 PM   #1
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Join Date: May 2010
Location: Detroit, MI
Posts: 1,368
Default 3 Must Read Financial Tips For New Business Owners

It is said that more than 60% of new businesses fail within 2 years of operation. Majority of these businesses fail because they run into financial trouble they cannot generate sufficient cash flow to keep with the expenses, they have not saved enough to survive the first year when revenue are still being generated or they simply go on a spending binge and run out of cash in a short time. While you can always seek investors or business loans to get funding in the initial stage of your business, those who have done it will tell you that it is not as easy as it sounds. Successful entrepreneurs and business owners know that having a financial savvy, especially for new business owners, is one of the most important requirements to succeed at business. So, here are the 3 most important tips to keep in mind as you are working on building the next Starbucks or Google.

Read more - http://www.smallbizviewpoints.com/20...siness-owners/

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Old 20th December 2013, 04:57 AM   #2

Join Date: Oct 2011
Posts: 11

Good article, stockpiling as much as you can is a good tip, as well as using as much of your own personal savings instead of relying on overdrafts and credit cards when things get tough.

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Old 4th January 2014, 10:23 AM   #3

Join Date: Mar 2012
Location: UK
Posts: 4

Nice Tips.

Specially the second one is very useful i.e. Start Small (But Dream Big).

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