Understanding Business Finances: Are You Running A Business Or A Hobby?
Thursday, October 29th, 2009
By Eduardo Carbajal, special contributor
Do You Understand Your Business’ Finances?
You could be bankrupt right now, and not even know it.
Many businesses find out whether they’re failing financially 6 months after the fact.
They operate for 6 months without taking any corrective action, either through ignorance or because of fear of shutting down an operation that has become their daily routine, a way to keep busy and escape idleness.
Whatever the reasons for ignoring this unfortunate situation, the more it is ignored, the larger the problem becomes, like a growing snowball rolling down a slope.