CHAPTER 7
Working Capital Management
In the early 2000s there was a computer commercial that showed a small group of eager young entrepreneurs sitting around a desktop computer. The leader of the group pressed the enter button to signify that the company had just gone “live” onto the Internet and into the world. Soon a ping was heard as they made their first sale. There were high fives all around the group. Soon more pings, and the entrepreneurs started to jump with glee; their company was looking like it was going to be a success. That euphoric atmosphere soon changed, however, as the flurry of pings become a torrent, and the group realized that they were swamped with orders. There was no way that they would be able to handle that demand, and ...
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