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Which Is More Important When Starting Out In Business?

StarLight
(@starlight)
Trusted Member
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Points: 265

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.

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Topic starter Posted : 20/02/2022 12:48 pm
barbierivera315
(@barbierivera315)
Eminent Member
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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.
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Posted : 20/03/2022 2:00 pm
StarLight
(@starlight)
Trusted Member
Badge Earned
Points: 265

Five things every first-time business owner needs to know before getting started:

  1. Do you have a formal business plan? If not, you need one.
  2. Don’t assume being frugal is the right way to spend.
  3. Identify the right partners.
  4. Get to know your customer before you start.
  5. Don’t skimp on marketing.
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Topic starter Posted : 11/08/2022 2:46 pm
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