The numerous financial decisions entrepreneurs must make have a direct impact on the success of a startup.

In the early stages of entrepreneurship, you are often more focused on creating cash flow than an overall financial plan. But once the business has solid footing, it’s crucial to update your financial plan to fit this new stage of life.

Unpredictable cash flow means financial planning difficulties

Young smiling successful man entrepreneur in formal business suite with a beard sitting on orange armchair with laptop in luxury office interior
skyNext / Shutterstock
The numerous financial decisions entrepreneurs must make have a direct impact on the success of a startup.

The freedom from being your own boss is great, but the downside is uneven income. It's something every entrepreneur has experienced at some point, which can lead to a heck of a lot of fear and doubt. And when the bills pile up, that causes difficulties for your planning.

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Money.ca

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