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Business Tip: Never forget that your business needs to take in more money than it spends. Create solutions that cost little money & spend less than you make.
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Business Tip: Regardless of the size of the business, never stop building meaningful relationships with customers and other people in your industry.
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Business Tip: Don’t plan everything too far in advance! Listen to your customers, watch data and make iterations and changes as needed.
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Business Tip: Find an accountability partner and have a weekly meeting. Someone who isn’t afraid to be honest with you and tell it like it is.
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Business Tip: Don’t try to start a business in a field in which you have no experience. First, get some experience so that you are better prepared.
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Business Tip: Make sure you understand the legal side of things, or hire someone who does. This means making sure your business is registered, and pays taxes.
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Business Tip: Develop a business concept that you’re passionate about related to something that you have experience with.
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Business Tip: Be careful of using all your own money to start your business. Find investors, because you don’t want to end up homeless if things go wrong.
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Business Tip: Learn to listen to the advice or suggestions from more experienced entrepreneurs and business owners. They understand the industry better.
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Business Tip: Keep your body moving. Running your own business can be stressful. Go out for a run, head to the gym or do a yoga class.