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One of the most common start-up business mistakes!
Entrepreneurs launch a business venture without adequate preparation or research. This can lead to failure and frustration, as well as wasted time and money. To illustrate this point, let me share with you a real-life example that I witnessed. I live in a neighborhood where there are several restaurants offering similar dishes. One day, I…
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Startup business with small capital!
Many entrepreneurs face the challenge of starting a business with limited capital and no external funding. This can limit the growth potential of the business, as it cannot compete with larger and better-funded companies. However, this also means that the entrepreneur has to be resourceful and efficient with their small capital and learn how to…
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How to keep your employees and increase their loyalty to your company?
I want to share with you some of the challenges and best practices for managing a work team in a commercial establishment. As an entrepreneur or manager, you know how hard it is to train, supervise, follow up, and retain your employees, especially when you are also responsible for marketing, sales, and attracting capital or…
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The difference between rationalization and miserliness.
Rationalizing and miserliness are two different concepts that can affect the success of a business venture. Rationalizing means spending wisely and efficiently, while miserliness means being excessively stingy and reluctant to invest. Many entrepreneurs face the challenge of overcoming the fear of losing capital, which can lead them to become misers and neglect the market…
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Choose the right time to stop losses!
How to Cut Your Losses in Business? One of the biggest challenges that entrepreneurs face is knowing when to quit a losing venture. It is not easy to admit that your idea, product, or service is not working out and that you need to move on to something else. But sometimes, sticking to a failing…