Most business owners assume that profit means safety — that as long as they’re selling, they’re fine. But cash flow doesn’t care about your income statement. I’ve seen companies with 30% profit margins go broke because they didn’t understand one simple thing: Timing kills businesses, not numbers. Here’s what I mean. 1. Profit is just … Continue reading Why Most Small Businesses Run Out of Cash (Even When They are Profitable)
finance
Why business Fail in the First place?
Some do because the idea is simply a bad one. Which means, there wasn’t a market, or penetrating a market had unseen barriers at the moment of starting said business. in both cases a lack of research of wishful thinking was involved. But even if you do everything by the book to test your idea … Continue reading Why business Fail in the First place?
Small Business Entrepreneurs: Can They Really Make It?
I’ve seen it firsthand. Friends launch small businesses — some fail, some barely survive, and a few actually make something out of it. If we go by the stats, the odds are brutal. They say 1 out of 10 survives the first year. But why? First: Most “Small Businesses” Aren’t Really Businesses They’re self-employment. And … Continue reading Small Business Entrepreneurs: Can They Really Make It?
Is the American Dream Dead? I Asked Around. Here’s What I Found.
I’ve spoken with fellow entrepreneurs and posed the question: Is the American Dream dead? The answers? Overwhelmingly negative. Most people said: Yes. It’s dead. So I pressed further: “What does the American Dream even mean to you?” Here’s a condensed summary of the top responses: • Become a multi-millionaire • Become a millionaire • Own a … Continue reading Is the American Dream Dead? I Asked Around. Here’s What I Found.
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