Emergic: Rajesh Jain's Blog

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Blog Past: I Wish I Knew Then

May 1st, 2011 · 1 Comment

From a blog post a year ago:

If I knew a few years ago what I know now, I would have done a much better job in building my present business.

Watching the Cashflow: It has been rightly said that the one of biggest reason for failure small businesses is (deteriorating) Cashflow. If billings take time to convert into cash, then it can lead to a difficult predicament – expenses continue to happen on schedule, and incoming cash slows down (even though sales numbers may hit their targets). So, keep a watch out for collections in the business, and monitor aging reports of debtors (especially those over 60 days) closely.

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1 response so far ↓

  • 1 Statspotting // May 1, 2011 at 11:43 am

    Like Paul Graham says, watching catch flows is important to be like a cockroach – to never die.

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