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February, 2008

Aspects that the New Entrepreneur Can Control

Posted by GABI on February 2, 2008 - 12:10am in

Processes
Small Business Tools & Resources
Start-up

By Ianny Lau

In a prior article 'Taking the Plunge' I shared about emotional and mental readiness for the aspiring entrepreneur.

In this article, I impart some insights on how to succeed, or at least how to avoid failure. While there must be a thousand and one reasons for failure, what I have listed here are the handful that I feel you have some control over.

CASHFLOW

Cashflow to any business is like blood to life. Many profitable businesses go under because they run out of operating cash.