We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co

5 Ways to Ensure the Financial Success of Your Startup

StartupNationStartupNation administrator Posts: 625 Site Admin

image5 Ways to Ensure the Financial Success of Your Startup

Running a startup isn’t easy, but embracing change and seeking out good advice allows an entrepreneur's chances of financial success to skyrocket.

Read the full story here


  • Miguel HammondMiguel Hammond subscriber Posts: 53 Bronze Level Member
    Thank you for sharing i would like to add Timing,Timing: This may be the biggest factor of the equation. You must secure/make sure of that your launch to market is suited to the Landscape. If your idea is ahead of its time, then the (related to people who use a product or service) market may not be ready to accept it--even if it's novel. If your idea arrives too late, then you will have to fight to distinguish yourself among competition in a possibly saturated market. Perfect launch timing can get you the attention and sales to grow and make better/make more pure your business as you have filled in a (related to people who use a product or service) gap. There is no formula to decide/figure out perfect timing for a startup launch; however solid market research, learning about your target (information about people/combinations of different kinds of people), and testing the field can provide a good lead. Do not dismiss this critical step - having a great idea is important and capital and (workers in general/hiring, training, and firing department) are necessary, but when to go to market is extremely important to success.
  • GordonGordon subscriber Posts: 8 Member
    edited August 2017
    Most entrepreneurs make make the mistake of not talking to a professional financial planners, as they don't believe they have enough time. In reality, it takes very little time to talk to a professional and create a financial plan (after all, handling money is what they do all day). Considering that a good financial plan can mean the difference between stability and going broke, there's no sound reason not to take a couple of hours to talk to a professional and consider at least working with them to prepare for worst case scenarios. One can easily contact the likes of TempCFO Inc. for proper guidance.
Sign In or Register to comment.