From standing by your worth to remembering the power of profit, here are 10 answers to the question, “What is the best business advice you have ever been given?”
The first few months are the most crucial for any business. It is the time to establish the product market fit (PMF) for your business idea. Establishing the PMF early on tells you whether you should start scaling and whether or not your business idea will be a breakout success.
You must know your current and projected numbers like the back of your hand if you plan to land capital. This means you must have a clear understanding of your business model and how it makes money.
Be conservative in your expectations and optimistic in your approach.
8 lessons learned from financial mistakes in a startup.