Plugging the Leak: Strategies to Prevent Capital Leakage in Businesses
Many businesses fail due to capital leakage in areas like overhead costs, employee turnover, bad debt, marketing, and inefficient processes. You can combat capital leakage by renegotiating overhead costs and optimizing marketing strategies. Regular financial audits can detect areas of unnecessary spending or inefficiency, contributing to a strategy of preventing and reducing capital leakage. Investing […]
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