search query: @author Desai, H. B. / total: 2
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| Author: | Boyle, R. D. Desai, H. B. |
| Title: | Basic financial strategies for business turnarounds |
| Journal: | Management Review
1990 : SEP, 79:9, p. 29-32 |
| Index terms: | FINANCIAL MANAGEMENT SMALL BUSINESS STRATEGY PRICES CASH FLOW ACCOUNTS |
| Language: | eng |
| Abstract: | The survival rate of small business start-ups is discouraging. However, through sound financial management, failure can be avoided. Nine financial causes of failure are listed: Inadequately managed cash and capital requirements: failure to analyze financial statements carefully; improper management of accounts receivable; under-utilization of assets; declining margins of profit; consider lowering prices or offering discounts; large increases in debt; maintaining inventories that are too large; spending excessively as earnings begin to rise. To provide time to stop gaps in short-term financing, forecast your cahs flow at least one quarter in advance. |
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