Alexandoy
VIP Contributor
The most common mistake for newbies in the business is the shortage of capital. I know of some who made a start up even if their capital falls short of the estimated capitalization. My advice is to have money that is double that of the estimated capitalization. The extra money will be carrying your business though the hard times especially when there is a calamity like this pandemic era. In business the most important is money because without money there is no business to speak of. Never think of borrowing money for a start up because that is one mistake that I committed before. If you do not have enough funds then delay the start up.
