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As a business owner, you have no shortage of financial challenges to tackle. But, unfortunately, these financial hurdles are one of the most frequent reasons why small businesses don’t succeed. “A primary reason why small businesses fail is a lack of funding or working capital,” writes Melissa Horton for Investopedia. “In most instances, a business owner is intimately aware of how much money is needed to keep operations running on a day-to-day basis, including funding payroll; paying fixed and varied overhead expenses, such as rent and utilities; and ensuring that outside vendors are paid on t...
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Without conducting an accurate poll, I suspect that most people wouldn’t want to spend their downtime tracking their finances. I mean, wouldn’t you rather catch up with friends, play with your kids, or cheer on your favorite sports team. Of course, you would. But, this is just one of those necessary evils we all must do to prevent a chaotic and stressful life, as well as protect your financial future. If it’s any consultation, though, staying current with your finances isn’t all that tedious and time-consuming once you’ve put the ball in motion. Write out your goals.Writing down your goals is ...
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