The management of a business is based on anticipating and trying to predict even the unpredictable.
Errors can easily occur during your journey.
We propose you to list the 5 mistakes that you should not make.
UNDERESTIMATE YOUR WORKING CAPITAL REQUIREMENT
In the business world, there is a fundamental rule that must be respected.
You have to spend money to be able to win .
It becomes essential to calculate the working capital requirement .
Many people tend to neglect this point and find themselves in a very uncomfortable situation.
You will always need to review your working capital requirements.
NEGLECTING PAYMENT DELAYS OR CANCELLATIONS
Contingencies are commonplace in the business world, so you always have to prepare for the worst.
Payment delays or cancellations are part of this lot of unexpected events.
If the situation arises, then you must notify your banker.
On the one hand, you will be able to establish a climate of trust with this one and, on the other hand, search with him for adapted solutions.