Plenty of factors can contribute to a business venture’s failure. A lack of consumer interest or bad marketing tactics just to name a few. But perhaps the most deadly contributor to startup failure is not knowing how to manage your business finances. In this article, we will look at 6 big mistakes, that are being made over and over again by entrepreneurs not thinking about their money in the right way.
Planning to start a business? If you’ve read the first part of our startup life series and are stuck on the first step to a successful startup – the idea generation, let us inspire you with the following compilation of the 11 most lucrative, trending and profitable small business ventures, that are currently on the rise. These ideas for small business are not just money-making but also captivating at the same time. Some of these ideas may be more profitable while others may give you a stable earning. There are business ideas that are potentially much more profitable than they seem to be.
In the last issue of our Startup series, we discussed the issue of idea generation, naming, domain names, hosting and the ever-important market research. In our second part, we will focus on less “preparatory” steps and more on actual doing of stuff. Intrigued? Read on for the next 5 steps on your personal startup path and some tools that can help you along the way.