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Points: 550
When starting out as a new tech business, one of the most common questions that entrepreneurs have to ask themselves is whether to prioritize profitability or growth.
Topic starter
Posted : 20/02/2022 12:48 pm
Points: 470
Here are seven essential things to remember when starting a business.
- Don't over-complicate your concept.
- Focus on the market instead of the product.
- Always overestimate costs.
- Establish a support team.
- Always assess your business idea.
- Understand the commitment behind starting.
- Generate income as soon as possible.
Posted : 20/03/2022 2:00 pm
Points: 550
Five things every first-time business owner needs to know before getting started:
- Do you have a formal business plan? If not, you need one.
- Don’t assume being frugal is the right way to spend.
- Identify the right partners.
- Get to know your customer before you start.
- Don’t skimp on marketing.
Topic starter
Posted : 11/08/2022 2:46 pm
Important When Starting Out In Business?
- Determine Your Business Concept
- Research Your Competitors and Market
- Create Your Business Plan
- Choose Your Business Structure
- Register Your Business and Get Licenses
- Get Your Finances in Order
- Fund Your Business
- Apply for Business Insurance
- Get the Right Business Tools
- Market Your Business
- Scale Your Business
Posted : 30/10/2022 1:54 pm
Points: 235
Fundamentally, deciding between prioritizing growth or profitability as a startup business comes down to how much capital you have already.
Posted : 30/12/2022 12:40 pm
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