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Seven Cash Flow Secrets by Ty Freyvogel
I have seen otherwise successful entrepreneurs crumble under the stress of poorly managed cash flow. Likewise, I have watched colleagues flourish under a well-structured, well-maintained accounting system. Fortunately, it's quite possible to stay on top of the money coming into and going out of your company. Read on for some tips and insights that have led to my own businesses' successful cash flow. Setting Angel Snares: Ten Tips For Appealing To Angel Investors If you are ready to start your own business, but need additional funding to get it going, an angel could be the answer. Bounce Back From Financial Loss (And Protect Your Entrepreneurial Spirit)
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Your success as an entrepreneur comes down to whether or not you can pay your bills and still turn a profit. Seems obvious, right? It is, but achieving a healthy balance between monetary intake and output is an art form that confounds many entrepreneurs. I am not exaggerating when I say that your ability to manage your cash flow will either make you or break you.
No, I'm not talking about the kind with shimmering wings and a spark of divinity. (Though having that kind on your side can't hurt, either!) Angels are private investors who finance start-up businesses and new business explorations with their own money. Usually, they have been entrepreneurs themselves and delight in helping start-up or even established companies grow toward success. There are countless angels out there just waiting for a worthy project to fund. Why not yours? You can easily find your own investors if you know how to approach them and sell your ideas. Read on to learn ten tips for appealing to Angel Investors.
One of the less desirable aspects of entrepreneurship is the possibility that your business may experience great financial loss. In fact, it may fail altogether. Although this fate probably won't befall you if you have done your research, it is always a good idea to know that it can happen. The old adage "expect the best but prepare for the worst" is a good philosophy for businesspeople. Knowing that failure isn't out of the realm of possibility makes it more likely that a setback won't crush your entrepreneurial spirit.