Forum Discussion
Why do you think 4 out of 5 businesses fail and what are you doing to avoid joining the majority?
I personally have noticed that many times it is a talented individual who moves off to start their own business, but they lack financial education. Eventually, the lack of financial education comes u...
Yea i know what you mean. In my experience ,I've struggle and loss profit when starting a business due to the lack of any basic financial knowledge. One misconception I believe most starting a business is that they would make a lot of money right away, but the truth is, the business makes the money, and there has to be a need for a clear plan for how to pay yourself. Another mistake that I made was not opening a separate business bank account. Mixing personal and business finances had lead to confusion and financial loss.
