As a business owner, one of the worst things you can do in terms of finances is hurt your cash flow. A quick way to do that is by purchasing tools or resources that will not further the business.
While R&D is a notable aspect of growth, large purchases that have not been financially assessed and linked to future growth do nothing but take money right out of your business's pocket. And if too much cash is allocated to non-necessities, you may find yourself needing to sell (or let go) of tools and resources that are beneficial to the business to fix cash flow problems.
Business owners should stay diligent and remain consistently wary of each dollar they spend. Ask yourself, when I spend this dollar, how much will I get back because of it?
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