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Explore the Entrepreneurship.org Resource Center to find resources. Designed with entrepreneurs in mind, our resource center allows you to find materials to grow great ideas.
By measuing the cash cycle--the time it takes to receive cash from sales after investing in products/services--entrepreneurs can monitor and improve internal cash flow.
To succeed in business, entrepreneurs must understand the language of business, which enables them to evaluate financial reports and make better decisions.
Historical financial information can be a great tool to jumpstart the budgeting process if care is taken to adjust for any incorrect or misleading information.
Budgeting, forecasting, and projecting mean fundamentally the same thing--estimating future amounts based on information you already know.
Compare actual financial figures to your budget at least monthly. You may need to adjust the budget during the year to reflect new information.
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