Once an industry giant, Aveng’s catastrophic downfall highlights the importance of sound planning and sustainable growth.
Reducing the gap between operating cash outflows and cash inflows is an important priority for any business owner who wants to grow.
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.