Author: Martin

During the first five years, your small business will grow steadily. However, as it grows, your costs will increase and you will need more resources to attract customers. In addition, you will need to hire more employees, purchase new equipment, and improve your processes. This rapid growth can be difficult to manage and may cause your company to fail. If you fail to manage your costs, you will find yourself back in the starting stage. When your business is new and in the early stages, you need to focus on managing your cash flow. While you might have the funds,…

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