If you have your own business it is always a good idea to track your money. Given that bookkeeping is such an important a part of every business here’s a few 2 and don’ts that you can stick to in your bookkeeping practices. Failure to do this is a formula for a total failure.
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Attempt to have enough cash on hand in order to last twelve months without product sales. Spend money on expansion only when it really is clear that you absolutely need to. Keep track of your burn rate.
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