Periodically I watch sad sagas of highly creative entrepreneurs who build a business from scratch and do extremely well very quickly, expand rapidly, and then watch the business fall apart.
The reasons? Three. Many are poor planners from the very start. They often lack an efficient business plan which can guide them in their financial planning.
And the lack of sufficient funds, which they probably were unaware of early on. Because of poor planning many entrepreneurs are clueless about how short of capital they are eventually going to be.
And three, unfortunately, they are incapable of managing a business, or getting a manager who can.
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