Many start-up firms never make it past the first few months of business,primarily because they lack formal working capital policies.

Question

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Working capital policies help start-up firms manage their finances effectively and ensure they have the necessary resources to operate and grow their business. Without a formal policy in place, start-ups may struggle to control their cash flow, meet expenses, and invest in future growth, which can lead to failure in the early stages of operations.

Many Start-Up Firms Never Make It Past the First Few