A start-up has sales in the first three months of $20,000 yet there is not enough funds

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A start-up has sales in the first three months of $20,000 yet there is not enough funds in the checking account to meet the payroll. How do you explain this? What can the owner do to assess this situation and improve upon it to meet financial obligations?

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Entrepreneurship

ISBN: 9780078112843

10th Edition

Authors: Robert Hisrich, Michael Peters, Dean Shepherd

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