5 Things You Should Know Before You Launch A New Business
“Many entrepreneurs think that hard work is the key to success but quickly discover things nobody told them before launching a new business.”
Create a business plan
Even if it’s basic, it will help you focus, set goals, and keep you accountable.
TIP 1
Learn to manage cash flow
Payment terms vary and you might need to bridge the gap. Obtaining financing is essential for a new business.
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Be as organized as you can be with expenses and paperwork
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Protect your intellectual property (IP) and invest in legal counsel.
TIP 4
Set a schedule and boundaries
Most entrepreneurs are so passionate about their new business that it’s easy to devote all your energy and resources to it.
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