There are so many intriguing layers to running a business. Though you may have the best products and services in your industry, they all mean nothing if you can't properly manage your cash flow. You need cash to adequately market your products and services, hire and pay staff, manufacture and produce results, and provide customer service. If your cash is always tied up in one aspect of business or another, your business stands to become stagnant. To avoid this common pitfall, here are some tips on effectively managing your cash flow:

Forecasting is part art and part science. Art because it's going to be about the CEO's feel for the business, its market and customers. Science because there are certain predefined financials that have to be taken into account. In our Startup series, here's how to do a business forecast:

As an entrepreneur, you’ll have to make hard choices day in and day out. Money choices can be the trickiest when you're not sure exactly what the ROI will be on your decision. Here are five simple financial tips for startups and first-time entrepreneurs that may help you in this regard.