What are the criteria you should not apply when

I have already talked to you in the past about the criteria that you can apply to a business project . Today we are going to turn the subject around and mention all the wrong reasons for setting something up. choice to undertakePhoto rights by Fotolia There are many good reasons to start a business, but even more reasons not to. Here are my three favorite reasons not to start a business .

You jump because you have no better options

2 You participate in a business because a friend offers it to you 3 You invest money because someone you know has done well doing so You jump because you have no better options This is probably one of the worst. Don’t be fooled by any politician on duty denmark whatsapp number data Entrepreneurship is not the solution to your problems , it can make things worse even if you don’t use your head . Being your own boss sounds good at first, but generating income with your business is not the easiest task in the world, especially if you don’t have enough experience.

 

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The ideal is to go step by step without investing

too much money without seeing any return. That is why I recommend applying bootstrapping to your projects . You participate in a business because a friend offers it to you Starting a business with friends is often another bad idea. What starts out as friendship can often end very badly. I’ll tell you this and I’ve done the exact opposite . So far I’ve been lucky and I still have those friends with whom I started a business at some point.

 

Many people who have chosen too close

partners don’t usually do well. Even though things have gone well for me, don’t take that as a reference. You invest money because someone you bulk lead know has done well doing so. A neighbour has told you that a friend of his friend is earning 1,000 euros a month. Now he is throwing you the carrot, telling you that he is going to try it too and if you want to join in. Don’t trust easy businesses too much ,especially if they work even when you sleep.

Quick money without effort doesn’t work

Either you have invested the work in research and execution or you have to dedicate it to maintaining the income. Even if the billing data is real, it is not so easy to replicate it even if you have been told step by step what to do. Your own experience  the basics of email finder hunter will tell you what works and what doesn’t. There are types of businesses that work seasonally or by trends. If you are late, there is nothing you can do. At some point you have to take the step, but it is better to do so with

clear understanding of things

Your own experience can never replace the information you have accumulated, but it greatly reduces the risk. In my personal case, having invested two more months in research has saved me several thousand euros that I would have spent because I didn’t know it was an unnecessary cost at the beginning.  taking the plunge.

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