What common mistakes do businesses make with financial management?
I think they fall into three main categories. If we focus on growing the company, I see companies that grow their business without giving enough consideration to the impact the growth will have on the capital that they need. I also see it happening without consideration of the impact that it will have on the financial systems that the company needs. The third category is growing without considering the impact on the people who will be needed to support that growth. How can those become business killers if they’re not corrected? The No. 1 way they can become business killers is that you can literally grow a company out of cash. A company may be extremely profitable, but if they manage to grow themselves in such a way that they run out of cash, the game is over. What are some ideas for putting a company’s financial management techniques back on the right path? The first thing would be to develop processes and systems for projecting and managing cash flows. Another critical part of that i
