Business planning key to conserving cash

"Businesses that fail to seek advice on business planning are six times more likely to need additional funding within 36 months of operating than those who seek professional advice, according to a survey from business planning software provider Palo Alto.

Businesses that fail to seek advice on business planning are six times more likely to need additional funding within 36 months of operating than those who seek professional advice, according to a survey from business planning software provider Palo Alto.

It believes that the number of small- and medium- enterprises that don’t have a well thought-out and adhered-to cashflow plan is a significant factor that leads to 80% of small businesses failing within two years. "

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