September 10th, 2018.

According to a report published by the UK Office for National Statistics, only 44.1 per cent of businesses that launched in 2011 still survived five years later.

In other words, over half of all businesses shut down under five years.

There are many reasons why this is the case. Poor strategy, ineffective marketing and leadership all contribute to failure. But one of the biggest hurdles to survival is poor money management.

Many entrepreneurs falsely assume that they will survive as long as they make a profit on each sale. This is not always true.

What is working capital?

You’ll already be aware of the importance of working capital in running a successful business. But for the sake of our younger readers, let us take a quick look at what working capital is and why it is important.

For the full story at CLICK HERE.