8 Out of Ten Businesses Fail After Less Than 2 Years

It’s been estimated that roughly 80% of businesses fail within the first 18 months of operating. That’s an astonishingly high number, which is made worse by the fact that the cause of this failure is nearly always improper managing of finances. Especially in the start-up phase of a business, finances are extremely important and must be carefully managed to increase the chance of success.

If you’re striving to be one of the two out of ten businesses that actually make it, check out our list of financial tips that will help your business run smoothly and avoid costly mistakes.