When your business grows more quickly than you expect, it always uses more cash or cash flow to sustain the quality of products or services. An inflow of real cash will be necessary to keep everything positive and profitable. Consider these facts and mistakes:
.Refusal to borrow money
.Not checking all available financial sources
.Not forecasting cash flow requirements
.Not talking to outside investors
.Not talking to inside investors
.Not realizing all borrowing risks
.Borrowing too little for your needs
.Not extablishing lender relationships
.Poorly preparing financial statements
.Not having a business plan for growth
More ideas in my books at amazon.com and Kindle
Monday, June 28, 2010
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