1. Don’t procrastinate.
One of the biggest mistakes
new entrepreneurs make is that they put off their bookkeeping needs. When you
put off your accounting work, it doesn’t go away. It just gets bigger, and
eventually you’re going to be faced with an overwhelming mess that you’ll need
to sort out. The bigger the mess, the more you’re likely to procrastinate.
2. Understand your
seasonal cash flow.
Another cautionary tip
Branch gives to young startups is to understand seasonal cash flow.
3. Focus on your core
strengths.
It is far more
cost-effective to work with existing providers and use the tools that they’ve
already perfected, rather than trying to reinvent the wheel on your own.
4. If you have to work
80 hours a week, you’re not profitable.
if you have to work 80
hours a week to keep your business afloat, you’re not profitable.
Too many startup
entrepreneurs blow through the earliest stages of their company's growth by
putting all their time and energy into their businesses at the expense of
their health and relationships.
source: entrepreneur.com
No comments:
Post a Comment