Steve Parks

From Burn Rate to Nest Egg

If you've read any of my books, particularly How to Fund Your Business, you'll know that I keep hammering home how important it is to manage and monitor your cash flow.

Cash is the fuel for your business - and you wouldn't want to be in a plane when it runs low on fuel. The same goes for your business.

All entrepreneurs tend to learn this hard way (me included). I've had some very sleepless nights in building my businesses, and I've met multi millionaires who nearly lost their businesses to cash flow problems in their early days. In about my second year in business the European Commission (who I had been delighted to sign-up as a client) took 9 months(!!!) to pay me

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