Accounting rules give financial institutions flexibility about when they choose to recognize venture capital profits.
I have gone to great lengths, and in some cases beyond what is required by the reporting guidelines to ensure all of my filings are beyond reproach, by hiring an independent third-party accounting firm to review and audit all of my previous annual financial disclosures.
Successful people do what unsuccessful people are not willing to do. Don't wish it were easier; wish you were better..
Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.
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