Let’s begin with the old, hard facts. Did you know that one in five eCommerce businesses fails within one year? This rises to 30% in the second year, 39% in the third year, and over 40% in the fourth year.
That’s pretty sobering right?! The reality is, poor cashflow management, running out of cash & other cost issues contribute to the failures of so many businesses. But it doesn’t have to happen to you!
In today’s episode we’re going to talk about 5 big reasons why eCommerce businesses fail, and then discuss 3 simple, but practical cashflow management strategies (so you can become a true cashflow queen.) that’ll help get you back on track to grow your business!
Listen today and get ready to effectively manage your eCommerce cash flow.
Listen now or watch below.
Next, be sure to head to our Rockstar Productpreneur community to ask your #askcatherine questions! I can’t wait to hear them.
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Liked the music featured in our podcast? The original soundtrack is by https://www.facebook.com/fuselageband