10-27-2007, 10:46 AM
Quote:In many cases, the entrepreneur who had the courage to start a new business was on the right track by choosing a startup that could be both viable and profitable. Yet, the company failed. Why is that? Because of lack of working capital: the main cause of startup failures.
This kind of failure can be avoided if the businessperson delays the launching of the startup until he/she has a great business plan that includes a sober look at the working capital needed to carry it through to profitability.
Unfortunately, far too many companies are launched prematurely. The reason, in my opinion, is that entrepreneurs, being risk takers by nature, are too anxious to get their companies started. Otherwise, why would they take the huge risk of putting so much on the line having only vision and confidence?...
full article: http://ecommercetimes.com/story/FJnNgVjS...Tips.xhtml