Cash flow is not the same thing as turnover or profit, so growth doesn’t always lead to more cash – much to the frustration of many business owners.
Innovation isn’t essential for entrepreneurial success. Imitating proven business models is far more viable than coming up with something dramatically new.
The only thing worse than making a costly mistake is failing to fix it, but this is often a lot easier said than done when you’re running your own business.
Small businesses may not be able to pay the same salaries as big corporations, but they can use other strategies to attract and retain top employees.
Failing to follow mandatory procurement procedures can render an otherwise lawful contract invalid and unenforceable – and potentially justify compensation.