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How Poor Financial Planning Leads to Business Failure: Fix It

Most small businesses shut down not because people stop buying, but because money stops flowing. The owners might sell plenty of products while still scrambling to pay their bills each month. Bad planning usually triggers a nasty borrowing cycle that traps owners in growing debt. They might start with just one small loan but soon …

7 things to consider while setting a budget

Setting a budget sounds complicated, but it is the backbone for cautious spending. You will have to track each penny to ensure you have not burst out of your budget. A budget sets a spending limit that you cannot cross under any circumstance. Before you start budgeting, you should consider the following factors: Before budgeting, …