How to avoid common mistakes when setting up a business
Tools & Resources
Key Learnings
- Create a solid business plan
- Consider all financial implications
- Get professional advice when choosing your legal structure
- Don’t be shy, use as many free resources as possible
Setting up your first business is an exciting and fulfilling experience. It’s the start of a new chapter; an opportunity to carve your own path in the business world. And everyone does so with their own unique strategy.
As you embark on your entrepreneurial journey, you will experience a few bumps in the road. From considering your finances to fine-tuning your product or service, each aspect of your business will provide a learning process. However, some business mistakes can be detrimental.
So, what are they and how can they be avoided when setting up your first business?
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