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For a new company, the annual budget is among the first things you should set up - that is, if you expect your company to last for at least a year. There are two main components - cash flow and expenses. Cash flow is not the same as profits. ...
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When there is a recession, companies react in different ways. Some ignore it for as long as possible, hoping that it is a temporary phase that will go away soon. Firms that adopt a "business as usual" approach are the worst sufferers in case the ...
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