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.
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.
Do you belong among those, who want to try something different, try something of their own? A successful business is no easy task and to kick off your own startup as a first step can be daunting indeed. We have prepared a six-part series, in which we will guide you through the many aspects of getting a startup of the ground and the various tools and resources which may help you on this path.