Managing money effectively is one of the greatest challenges involved in running a business. Statistics show that up to 50% of new businesses in the US fail within five years. Financial issues are among the most common causes. In this guide, we’ll outline some key steps to help you steer clear of trouble and help you manage your money.  Learn to Budget From Day One Budgeting is the cornerstone of effective money management. Drawing up a monthly or quarterly budget will help you monitor your income and outgoings, track spending and allocate funds while reducing the risk of cash flow…