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April 17, 2012

"Startup Advice You Don't Want To Hear — But Absolutely Need"

Fine advice.

Step One: Go Ramen Noodle. Most businesses spend money before they make money, and some go years before revenue exceeds expenses.  No matter how much money you have in personal savings, it probably won’t be enough.  Cut family expenses to the bone.  Eliminate all personal spending that is not absolutely necessary.  Start-ups often fail due to a lack of money, plus a lack of funds can cause you to make poor decisions for the long-term.  Cash creates options and freedom, especially the freedom to make the best decisions.

Read more: http://www.bnet.com/blog/small-biz-advice/startup-advice-you-may-not-want-8212-but-absolutely-need/1112?tag=fd-featureRoto;fd-featureRoto5#ixzz1JhawmYm3

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