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Entrepreneurs must be able to save money as well as make money. They must also discover money leaks and minimize costs where necessary in order to focus funding to the areas that require the most assistance.
Learn Key Money Management Skills for Entrepreneurs : Michael Merisier
One of the most critical skills for entrepreneurs is money management. According to Michael Merisier, businesses exist to make money, which implies entrepreneurs must understand how to efficiently handle their finances. They need to know how much money comes in, how often it comes in, how easily it can be accessed, and how it is spent.