10 Startup Tips. Facing Failure

10 Startup Tips Chapter 24: Facing Failure Learn to accept failure This may sound a little strange, but being an entrepreneur is about dealing with failure – an inevitable part of the creative process. As the inventor of the filament light bulb Thomas Edison put it: Of the 200 failed bulbs, each failure gave me…

10 Startup Tips. Tax

10 Startup Tips Chapter 21: Tax This is quite a problem because: That is the reality of life. Some people are under pressure from tax evasion to the point of affecting the development of their businesses. Don’t let taxes get in the way of your business. Taxes do not bring success. As soon as I…

10 Startup Tips. Hold on to Cash

10 Startup Tips Chapter 19: Hold on to Cash Money is God By now, your business is growing, well run, and profitable. It’s time to double-check your finances. There is a pretty big difference between profit and cash flow. There are quite a few sad examples of great businesses, with great products, good profits, and…

10 Startup Tips. Finding Customers

10 Startup Tips Chapter 15: Finding Customers You have ideas, capital, factories, and marketing methods. You are ready to get to work. And now the important part. Sales are the number one success factor in your business. Customers are the fuel for your ship. No matter how well you pack your products, your methods are…

10 Startup Tips. Right Pricing

10 Startup Tips Chapter 14: Right Pricing Never low price. Add more value. – Aysa Angel Pricing is of great importance. Just 10% increase in product price can increase profits by 40%. Setting the right price can be a complicated process because pricing is closely tied to the concept of “value” and is emotional. People…

10 Startup Tips. Grasping the Law

10 Startup Tips Chapter 11: Grasping the Law Most startup guidebooks have tons of information on legal matters. Just because you’re a connoisseur of the law doesn’t mean you’ll be successful. But if you ignore the basic legal issues, you will quickly get in trouble. The disappearance of bureaucracy Sadly, today’s small businesses are faced…

10 Startup Tips. Raising Capital

10 Startup Tips Chapter 10: Raising Capital Sometimes starting your own business makes you hesitant to develop your business idea. You need to spend money to make money. Below are the most common sources of financing. Financial sources Your savings: At this point in your mind, you always think about spending your sweat and tears.…