We often hear the daunting statistic that 9 out of 10 small businesses fail in their first 12 months of trading. Just reading that would be enough for most people to stick with the safety net of employment and not chase the dream of one day being their own boss. Whenever we read these articles we always get the typical list and statistics of reasons why businesses commonly fail such as poor financial control, lack of industry knowledge and experience, poor location, etc. No matter what the factor or combination of factors, all roads lead to poor cash flow and ultimately insolvency.
Business Advisory from the team at Momenta
Under Service at Your Own Peril in 2015
Posted on 19th June, 2015
Remember the feelings of frustration you felt when to watch a movie you had to drive to your local Video Ezy store, pick your VCR of choice, drive home and insert the tape only to find the person who hired it before you didn’t rewind the VCR! If you don’t have a clue what I’m talking about you’re probably lucky enough to be much younger than I am.