Statistically in the U.S., more new businesses fail than succeed and more often than not, lack of funding and inappropriate investing of limited funds is at the heart of such failure. Truth be told, allocating time and attention to financial reporting and risk management processes is often the less exciting part of launching and growing your business. Despite its lack luster appeal, financial planning and budgeting is an essential part of a successful venture.
Creating, articulating, and sustaining value in your business requires you to define your business's key capabilities, core competencies, goals and objectives. Just as vital is identifying and executing a plan for what and how you will support and fund that value-add.
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