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Business strategy
4 mistakes to avoid when funding a business
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[QUOTE="Mika, post: 263693, member: 29399"] First of all, you need to be clear on what you want to become: an entrepreneur or a businessman/woman; or, want to start a business or startup. Being an entrepreneur is not just about making money, it is all about social change, being a businessman is all about making profits. Once you have set your priorities, you can start building funds for your business or startup. Whether you should invest a lot of money at once or gradually increase investment in your business depends on a lot of things. For example, if you have products that have the potential to go viral, investing a lot of money at once might be better than investing gradually. If you are getting a loan for your start-up try to get a long-term loan instead of a short-term loan, also avoid a high-interest loan. Instead of funding your business through a loan try to find a venture capitalist. [/QUOTE]
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