What Often Kills a Business
It is difficult, but not impossible, to recover from a large amount of debt. A business is a fragile entity. Contracts need to be signed. The projects need to be estimated accurately and brought in on budget. The financial reports must be reviewed regularly to ensure they are accurate. Clients need to feel smart because they worked with the business. While all of this is going on, the company must be building a significant cash reserve, just in case. And all of the above always needs to be happening. What are the alternatives?
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