It is said that a new small business’s most important year is the first year of operation because it’s in this first year that usually determines whether a business succeeds or fails. One of the main reasons for failure within the first year is due to improper financial forecasting and mismanagement of a business’s cash[…]
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Summer is the time for swimsuits, flip-flops, parties and vacations, but when people are busy with these activities, they’re not making purchases or using services from your business. The core group of loyal customers that you rely on is spending their money on other things, and acquiring new customers is difficult when the majority of your[…]
Read MoreThe U.S. Small Business Administration ranks disagreements among partners as one of the top reasons why general and limited liability partnerships fail. In the case of financial reporting, these small business partnership disputes often center on compensation, access to records, accounting irregularities, breach of fiduciary duties and misrepresentations. They may even involve allegations of fraud.[…]
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