If you’ve ever played Monopoly, you know that with only $1,500 to start the game (according to the latest rules), you’ve got to manage it properly. It’s the same for businesses in the real world.
Finances are the lifeblood of any business. Small businesses typically start out with a small amount of funds, which means owners need to have the right skills to stay on track.
According to LendingTree, around 20% of new businesses fail within their first year. And the top reason for these failures? Cash flow problems. The costs of doing business present a variety of hurdles for small business owners, but the good news? If you follow these financial practices from the Better Business Bureau (BBB), you might keep your company from becoming just another statistic. Read all ten tips here.