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According to entrepreneur Tai Lopez, who discusses how to read a financial report, 80 percent of all entrepreneurs go out of business in five years. Full video below.

I was reading this little #knowledgesociety book of the day before I went to bed tonight. It emphasizes how as an entrepreneur you have to watch three key financial markers: your profits, your balance sheet, and your statement of cash flow’s. You can’t neglect any of those three.

 For more information on financial reports, check out “How to Read a Financial Report: Wringing Vital Signs Out of the Numbers.”

Barry Falls Jr
Barry is a graduate of the University of North Carolina at Charlotte, where he studied sociology, journalism, and business entrepreneurship. He has over five years of experience working with small web-based startups to assist them with growing their engagement and creating online communities around their brand. He's the editor of Frontier Desk.

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