Top 5 Mistakes When Starting a Business

[sadiksojib35]

You can find many cases on the Internet about how someone launched a successful business and got rich without much effort. But in reality, everything is not so simple. Entrepreneurs, especially those with little experience, often face difficulties. Before starting a business, you need to be prepared for the fact that there will be problems with the tax office, an unreliable counterparty, a deal will be disrupted or money will be owed.

All these risks cannot be prevented, but it is quite albania whatsapp number data possible to minimize them if you prepare in advance and think through an action plan. Anton Yakovlev, an expert on economic security at Kontur.Fokus, shares the non-obvious mistakes that young business owners make and advice on how to avoid them.

Subscribe to RB.RU in Telegram
Select a current account at Alfa-Bank - opening and servicing an account for free

Mistake #1: Not Conducting Commercial Intelligence Before Launching a Business
For a business to be successful, it is not enough to just come up with an idea and implement it. First, you need to check whether it is in demand among consumers, what revenue such a business brings to other companies, in which regions it is more in demand.

Commercial intelligence, the process of collecting legal information about the business area you plan to work in, helps answer these questions. You can conduct commercial intelligence yourself or hire specialists.