Get clients before seeking funding
When our own resources are insufficient to fund our startup, there are ways in which we can get those resources, for example, Friends and Family, Angel Investors, Seed Funding Firms, Venture Capital Funds, and Business loans.
However, many entrepreneurs make the mistake of looking for funding without having a single customer. Sometimes, there are business plans that are lucky enough to obtain financing, although nowadays it is almost impossible to obtain funds, from third parties, if the company does not have a track record. Furthermore, considering that our customers allow us to pay the funds acquired, it is essential to count on a clientele before your hurl for external financing.
Related post: How to Attract Customers
However, many entrepreneurs make the mistake of looking for funding without having a single customer. Sometimes, there are business plans that are lucky enough to obtain financing, although nowadays it is almost impossible to obtain funds, from third parties, if the company does not have a track record. Furthermore, considering that our customers allow us to pay the funds acquired, it is essential to count on a clientele before your hurl for external financing.
Related post: How to Attract Customers
Launch simpler products
Related post: Strategies to Attract High-Value Clients
Learn to manage your time
Do not rush to hire
Before hiring someone, set your goals, and see if the new workloads can be assumed by current employees without this being reflected in the company's performance in critical areas. If it is determined that another person is needed, set how she/he will contribute to your goals and how to guide her/him. Note: Your business is just starting, and you must avoid unnecessary costs, for example, creates a scalable business model that allows you not to rely on a large number of commercials.
Related post: How to Optimize Your Recruitment Process
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