Small businesses are integral to the success of the U.S. economy. According to the Office of Advocacy Report in 2022, they account for two-thirds of the jobs added to the economy over the last 25 years. But small businesses are also prone to high failure ...
Did you know that 82% of businesses fail due to poor cash flow management? In many cases, these failures don’t occur because the businesses aren’t generating revenue. Instead, they happen due to cash flow gaps that form when clients are late with payments or during ...
Working capital is the backbone of your business. It’s the money your company uses to handle daily business activities and operational expenditures. Everything from the money required to run equipment to your employees’ salaries come from your working capital. As such, a lack of working capital ...
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