[ad_1] Recently, we helped a large mechanical contractor turn around its business. And we were successful in taking the company from loss to profit. However, the problem wasn’t solved because, before we arrived, the owners had taken out several business and personal loans to keep the company afloat. Related: If Your Business …

[ad_1] Where will your company be in five years? According to the U.S. Small Business Administration, approximately half of new businesses do not survive beyond five years, and many of those failures can be attributed to cash-flow issues. Cash flow, after all, is king, but for small business owners and …

[ad_1] As an entrepreneur, you need to stretch every penny. It’s not an easy task. As your company grows, it can become harder and harder to know where your company might be losing money or where it could be more efficient.  These real-world examples can help. We’ve compiled savings strategies …

[ad_1] It’s easy for new business owners to get overwhelmed. You’ve seized a fantastic idea and you’re bringing it to life, but there’s a lot on your plate. At the same time, if you slouch on record-keeping or don’t spend money judiciously, you’ll crash and burn. And if you focus …

[ad_1] New startups should fully understand that running out of money is one of the primary reasons that businesses fold shortly after a launch. This scenario is a proven statistic, but startups can avoid joining the ranks of failed businesses by being smart about how they spend their startup capital. Related: 3 …

[ad_1] Something that we find true for almost all the businesses we work with is that it costs their owners twice as much and takes twice as long as they’d envisioned to make those businessses profitable. Related: 5 Ways To Boost Your Business’ Cash Flow Proof lies with the business plans we …

[ad_1] If you don’t think that cash flow is important, then ask the nine out of 10 small business owners whose businesses failed due to poor cash flow just how important it is. Good cash flow management begins with having a clear understanding on where cash enters and exits your business. …

[ad_1] Business is a game of revenue, profits and expenditures. If those metrics are out of balance, sustaining a business will prove difficult. Even if your projections show a rapid increase in profits in the next four months, you may not be around long enough to witness them. Related: 4 Tips for …

[ad_1] This story appears in the January 2017 issue of Entrepreneur. Subscribe » Last spring, Joel Gascoigne realized he’d made a big mistake. He’s the CEO of Buffer, a social media management company, and business was doing so well that he aggressively staffed up — going from 34 to 94 …

[ad_1] According to a study by U.S. Bank, 82 percent of small businesses fail due to poor cash flow management. I know many small businesses where lack of cash on-hand forced them to shut down right as they were hitting there stride. My mother’s staffing business eventually shut down because …