Cash Flow Is The Life Blood Of Your Business Start Up

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As like many business start ups, we are most satisfied when our accountant shows our income statement having a healthy profit, yet it doesn't really show the entire picture. This in fact is misleading specially if you are not good at reading financial statements. 

One of the biggest mistakes made by most business start up owners is allowing clients and customers to buy now and pay later. In other words, extending credit in exchange for your services or product.

I believe there should be a big line between you as a business start up owner and credit. The business idea is, since you are still at the start up level, cash flow is the lifeblood of your business. Without cash flow, your business will slowly wither and very soon, it will cause the closure of the business. Irregardless of how many sales you made or how much money is owed to you, without cash flow, your business start up will be short lived.

Cash Flow Is The Life Blood Of Your Business Start Up

5 Important Tips to Overcome Business Start Up Fears

Just a week ago, I met two of my college friends. It's been four (4) years since we've last seen each other, so we decided to have a cup of coffee to do some catching-up.

We mostly talked about our life back in college, how the school culture has evolved, the people we were with, the education system that our school had, and our careers. Apparently, when we got to talk about our careers, they were so shocked to know that I already had two businesses. They even got more shocked to learn that I have been investing in the stock market, and still kept my day job. (If you knew me during my college days, I bet you'd also be shocked)

5 Important Tips to Overcome Business Start Up Fears