In order to succeed in businesses, there are a couple of fundamental business concepts — cash flow and growth capitalization — that you need to understand.

The Commercial Appeal recently offered some tips for small businesses struggling with these concepts, including:

Hire an accounting firm to help you. Too expensive? How expensive is failure?

Purchase and use one of the financial management software programs. Ask your CPA for a recommendation.

Track sales-to-expense ratios each month in order to know when to adjust spending.

Understand how to monitor inventory levels with regard to projected sales, receivables and cash.

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Small-business advocate: Fastest way to kill a business is to not understand fundamentals