cashflow, cashflow, cashflow that is usually the reason why new entrepreneurs fail. Lasksmi Mittal, the steel billionaire, who is one of the richest men in the world holds conference calls with his managers every day so they can tell him the daily steel sales regardless of where he is in the world, he does this without fail. He has said it is the most important activity of his day
Don't extend credit..if the buyer doesn't have money, do a barter transaction. Keep your costs small. Don't waste money on letterheads..it's unnecessary
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