Negligence is not always obvious. Most entrepreneurs with a technical background should take a class or two in managerial accounting before they start. They sh

Negligence is not always obvious. Most entrepreneurs with a technical background should take a class or two in managerial accounting before they start. They should work hard at understanding it and developing financial models for their business. And they should pay as close attention to their business as they do their product. Perusing HN you see how few articles there are about managing the receivables cash flow cycle, negotiating with vendors, forecasting financial performance and cash flow, dealing with the legal aspect, working with banks, documentation, managing salespeople or negotiating sales relationships, etc. But there are many companies with decent products that fail, and many are caused by one of those problems.