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Business strategy
5 traps to avoid when starting your own business
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[QUOTE="Shaf, post: 281656, member: 25467"] It's no surprise that most businesses fail within their first year. Starting a business is hard work, but making it successful requires more than people think it does. One of the things I know I have underestimated when starting a business was the amount of work it would take. It was hard and I eventually lost money because I could not cope and had to let the business go. Another trap you should also avoid is the temptation to do a business you feel will make you a lot of money. This generally means that that business is more difficult. You should ensure you know what bottlenecks you can encounter and if you can solve them. One other trap that new business owners fall in is the poor management of finances. Sometimes, you really need to spend money to get your business going, and sometimes, it's possible to do without spending. You should be able to distinguish between such events. [/QUOTE]
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5 traps to avoid when starting your own business
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