Sunday, October 17, 2010

Starting A Business

When Starting a Business unexpected events can cause cash flow problems. All of the forecasting tools in the world is not going to catch this one. No matter who you are and no matter what business you are in, I am telling you that by virtue of the fact that you are in business something always happens in a business that you never expect. By the way, something unexpected usually happens more than once. These unexpected occurrences can put you out of business and they are inevitable. This is why your salary needs to be conservative; this is why you need to constantly cut overhead, this is why you cannot withstand slow paying customers, this is why you have to be on guard for employee theft, this is why you have to manage your debt and this is why you have to make decisions proactively versus reactively.