3 Exciting Business Tip In 2021
Writer From John Paul, CEO For Smallstarter business Africa 3 Exciting Business Tip The BIG 5 challenges are: raising funds, starting up, making more sales to grow the business, building strong systems to run the business, and hiring and keeping the right people. All of these tips come from insights and conversations we’ve had inside our private members’ area during the week. Today’s tips are about raising capital, testing a business idea, and building processes to support your business Here they are: RAISING CAPITAL – how to survive financial trouble There are only three ways a business can get funds to support itself – from customers, from suppliers, and from investors or financiers (like banks). Most successful businesses make most of their money from customers. As long as your customers are happy, they will not ask for their money back. But your suppliers and investors are different. They will want their money back. Many entrepreneurs are focused on raising money from investors