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Financial & business-planning

Top Financial Challenges Startups are Facing Today

by David Webb, on Mar 12
In today’s era of sophisticated IT solutions, launching a startup has never been simpler.However, having an awesome business idea is not enough for you to survive. Here are few financial challenges that you'll need to overcome.
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The technological advancements and the simplicity of starting a business have made the entrepreneurial landscape crueler than ever. Statistics tell us that 20% of small businesses fail in their first year, while 50% of them die during their fifth year of operation. And, one of the most common problems they face is maintaining the positive cash flow. Fortunately, if you do your research on time, you can prevent this from happening. With this in mind, here are a few most common financial challenges you may face once you start your business. Securing Funds for Growing your Business When starting a business, you need to plan everything ahead. In the early days of your company, every loan you take out and...

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