Of all the initial tasks that an entrepreneur has to deal with, accounting is one of the most complex and critical. Poor financial management is one of the leading causes of new business failure.  

Two financial problems that can lead a company to ‘suspension of payments’ (temporary insolvency) and subsequently bankruptcy. A lack of liquidity resulting in an inability to meet payments and a lack of viability. To help you avoid these financial pitfalls, we offer a series of basic financial tips that you can apply to your business. 

Summary: 

1. “Houston, we have a problem” 
2. Financial tips for entrepreneurs