Failure in business is unavoidable when the cash finally runs out. You close the doors and pack it in.
The failure should have been apparent for some time ,maybe years and is frequently the result of poor management skills.
Let’s get real.
Mahan Khalsa uses that term in his book of the same name. For me let’s get real refers to the capabilities a business must possess to survive. See diagram below (courtesy of Ran One)
I repeat. The business to survive must be strong in all these areas.
Today I want to address financial management. Below are problems that indicate inadequate financial management.
Financial Management Weaknesses
Your Challenges Why They Exist
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