survival strategies

An alarming number of new businesses collapse in the first year of operation, and many of the survivors do not live to see their fifth birthday. Try to follow the suggestions in this article if you do not want your venture to join the long list of failed businesses.

1. If you can, start your business when you are still employed.

This idea will not help someone made redundant without notice, but it will probably be a long time before your new business actually a makes profit, let alone enough to support you and your family. Being employed while you’re starting a business means very long hours but also a guaranteed income to live on. Read the rest of this entry »