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How to start a business

1. Know your “Why” and “Who” Starting with ‘why you are doing it?’ is […]
How to start a business

1. Know your “Why” and “Who” Starting with ‘why you are doing it?’ is one of the most essential things to consider apart from the strategies and plans. It helps you to recognise your initial motivation and final mission. Also, don’t forget to consider your targeted market and your competitors.

2. Start with a business plan A thought-out and comprehensive business plan is a solid foundation for staying focused on your goals and objectives. You can refer to our previous post about Business Model Canvas for some insights.

3. Build a strong network Building strong support for your business is one of the determining factors for your business health. Don’t be afraid or reluctant to build a network with outside professionals who can help you.

4. Manage your cashflow Cash flow is crucial to your business growth. Good cash flow management helps you understand your financial picture to forecast and prepare for challenges and changes and make proper plans.

Source: CHRON

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