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Business strategy
4 mistakes to avoid when funding a business
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[QUOTE="Abigael, post: 264317, member: 25357"] Those are truly the big mistakes that one should avoid when funding a new business. These mistakes are so easy to look over yet they really affect the business. They could make your business fail before you even get started on it. So you should take caution a lot before starting the business. Pumping too much money into a startup may seem like the right move to take but more often than not, you are not taking the future into consideration. I think business growth should be gradual and exponential. You don't just wake up and succeed. So invest a little and give effort to make as much profit from it as possible. Then keep expanding from there. It is common knowledge that taking loan for startups is a very risky move. You need to look at so many things when deciding that. This includes; [LIST] [*]The amount of interest to be paid. [*]The repayment date. [*]Your familiarity with the business. [*]Your ability to pay the loan using another source. [/LIST] [/QUOTE]
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