Proper accounting, has VERY little to do with a new business failure! UNDERCAPITALIZATION, is the cause of many start up failures, and about 95% of new restaurant failures! You cannot sink every dime you have into opening, and expect to be open a month from now!What ever you think you may want to do, go work in that type business for a year.
Proper Accounting is where so many fail. No excuse for that today with the tech we have.
Proper accounting, has VERY little to do with a new business failure! UNDERCAPITALIZATION, is the cause of many start up failures, and about 95% of new restaurant failures! You cannot sink every dime you have into opening, and expect to be open a month from now!
Proper accounting, has VERY little to do with a new business failure! UNDERCAPITALIZATION, is the cause of many start up failures, and about 95% of new restaurant failures! You cannot sink every dime you have into opening, and expect to be open a month from now!
Well we'll agree to disagree. After 35 years of being self employed, and knowing lots of other folks that were as well. Lots of them that failed had no idea how much money was going out or coming in.