Ed Goodman, business mentor, author and co-founder of Cambridge Business Lounge, presents Ed’s Top Tips – a series of short and useful guides for starting and running a business.
Tip 3 – Managing your cash flow. It’s all about the money, money money…
One of the main reasons why a business fails is its mismanagement of its cash flow. In fact, according to a U.S. Bank study, as many as 82% of business failures are due to poor cash management.
Watch this video where Ed talks about the importance of managing your cash flow.