Poor understanding of financial management is a key reason for start-up failures in the UK, Europe and beyond, writes Alnoor Bhimani
We find ourselves today at the start of an industrial revolution. There have been others of course. The first revolution happened 250 years ago. Its engine was mechanisation. Another, about a hundred years ago, was all about electrification and mass production. Then 50 years ago, electronics and automation started a third revolution.
Right now, our physical and virtual worlds are converging. This is revolutionary because the way we produce, consume, move, communicate and interact are fast altering. What’s different is that as the first three revolutions evolved, not many people then knew much about the scale of changes taking place. But in the present day, signs are all around us that we are in a period of transformation that is truly epochal.
Source: Tech start-ups need a different approach to financial management
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