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The real secret to small-business success

from Forbes

What separates thriving businesses from those that struggle? Is it an amazing idea? A well-crafted business plan? Attracting an influential board? Being in the right place at the right time? A new report released recently suggests a far-different answer. The secret may be the owners’ discipline in managing their personal finances and business cash flow, which for many tiny businesses are closely intertwined, according to findings from “In Search of Solid Ground: Understanding the Financial Vulnerabilities of Microbusiness Owners,” a report based on a survey by the Corporation for Enterprise Development. more

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