The good news is that fresh-faced business owners are expected to make mistakes and given a little leeway here and there. But it’s only a little leeway. There are a few areas of business that early mistakes can evolve into issues that last for its entire existence. If you put the kibosh on these errors early, you can save yourself a lot of trouble in the future.

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The team

The early adopters of any business are the people who will have the greatest impact on the business going forward. That’s not just true for customers but for employees, too. Make sure that the people you’re hiring are committed to the ideas of the business and that you have found them the roles that help them not only contribute but stay engaged in their work. Even a brand-new employer has to be a good manager, paying attention that employee needs are fulfilled and that their motivation is kept high. Unhappy, ill-fitting team members can be a big sabotaging factor in a young business.

Read More Take The Training Wheels Off the Startup

Startups

The one thing about modern startups that stands out above all else is their relatively low ‘starting up’ cost. It fact it is what they are known for. But are they really as cheap as we think, or are there hidden costs to pay that are forgotten in the excitement of starting a business from scratch? Read on to find out.
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Financial charges

 

Obviously, no matter how small you start you will need some financial backing behind you to get going. The problem with this is that some forms of finance have more charges and costs associated with them than others.

Read More Hidden Startup Costs

Startups