DQ week 1 Question 1

Business & Finance
Tutor: None Selected Time limit: 1 Day

It's well documented that 75-90% of startups fail. Murphy (2013) did and interesting comparison between successful and unsuccessful companies.

 

What do you think is the primary reason one company is successful and another company fails?

Jul 12th, 2015

Thank you for the opportunity to help you with your question!

Financial Planning

A lack of sufficient cash flow is a major reason many small businesses fail. Managers and owners of successful companies understand the importance of starting a business with sufficient working capital and hiring financial professionals who understand how to implement effective cash flow policies. Developing a financial plan allows business owners to see how to effectively spend money and measure the success or failure of their financial policies over time. Adequate financial planning takes into account the finances needed for the near future and those needed for the long term

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 12th, 2015

remember to give me a good review please

Jul 12th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Jul 12th, 2015
...
Jul 12th, 2015
Dec 9th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer