Up Your Cash Flow / Goldstein 47-69

69 ...a lack of adequate recordkeeping is a major cause of business failure.

Owners and managers of small companies find themselves in the position of leadership by accident rather than by design. They often lack the necessary knowledge to understand and utilize financial data.

Lack of experience leads them to conclude that financial data is for bankers, accountants, and the Internal Revenue Service, but not of much value in the decision making process.