Over 80 Percent of New Businesses Fail; CPA Says Failure Is Preventable

The definition of failure in business is running out of cash. One CPA believes the small business failure rates can be reversed, and he is actively teaching business owners to do just that.

HOUSTON, Tex. (PRWEB) May 9, 2005 -- More and more business owners are experiencing the pain and loss that comes with failure in business.

One CPA, who defines failure in business as running out of cash, believes this trend can be reversed, and he is teaching business owners and managers how easy it is to succeed.

The single biggest reason the failure rates are so incredibly high today is that most business owners do not really know what is happening with their cash flow, according to CPA and business consultant Philip Campbell.

“The basic financial statements provided to business owners, by themselves, do an amazingly poor job of helping you manage your cash flow,” explained Campbell.

After many years of experience helping businesses grow, Campbell created a unique accounting tool he calls the “Peace of Mind” schedule to help entrepreneurs take control of their cash flow. He teaches the step-by-step process in his new book, “Never Run Out of Cash: The 10 Cash Flow Rules You Can't Afford to Ignore.”

The book is quickly getting attention in the business community.

“This powerful, practical book gives you the key to business success. You learn the most important lessons of all to become wealthy,” said noted author and speaker Brian Tracy.

"This is a revolutionary money-management book. Throw out all the other complicated methods of handling projections and financial strategizing - use Philip's Peace of Mind schedule to get just that - Peace of Mind about your cash flow," said Dr. Joe Vitale, best-selling author of "Spiritual Marketing" and numerous other works.

"I created the Peace of Mind schedule to give you a crystal clear view into your true cash flow. This is the secret to solving the cash flow mystery in your business," said Campbell.

Campbell believes that as more business owners better understand and manage their cash flow, the business failure statistics will improve. He wants to do his part to see more entrepreneurs experience the rewards of success rather than the pain and loss of failure.

Included with the book is a link to download the Peace of Mind schedule for free. This will save you the time and effort of creating the schedule on your own.

Campbell provides additional information at his web site at www.NeverRunOutOfCash.com.

About Philip Campbell:
Philip Campbell has over 21 years of experience in the business world. He is a CPA and has served as a controller and as a chief financial officer in a number of growing companies with revenues ranging from $5 million up to $600 million. He has been involved in the acquisition or sale of 33 companies, and an IPO on the New York Stock Exchange.

Philip Campbell
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Source :  http://www.prweb.com/releases/2005/5/prweb238093.htm