How To Not Fail In Your First Startup Business

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How To Not Fail In Your First Startup Business
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My first company didnt fail because I didnt
ever get myself into a hole financially. I found
ways to cut or eliminate cost so I was never in
the negative financially. Anything I made went
directly into profits.
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To be a successful startup you need to do a
variety of things. The tasks depend on
your business, your budget, and your personal
abilities. This is why you need to evaluate how
to leverage you strengths because anything you or
your team cant personally do, you are going to
have to pay for by hiring from the outside.
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Test small if you test small you wont be too
disappointed if things never work out with the
contractor. But test gradually because
contractors are smart and they know if they do a
small project well that they gain trust. Give
trust gradually with each project succeeded but
never overextend yourself.
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Take risks when you are in an advantaged
situation but think worse case scenario when you
are at a disadvantage. Try trading services or
products when needed, be creative in finding
solutions.
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-in-your-first-startup-business/