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3 tips to undertake

1. Be clear about your financial priorities

Many entrepreneurs look to us, with great entrepreneurial ideas; But when we begin to prioritize the activities necessary to meet their objectives, we find that they are not clear about how to start investing their initial budget and they make these mistakes:

  • Acquire large inventories without testing the market to determine what your target audience actually likes.
  •  Robust technological investments without even having determined if the product really generates an interest in the market.
  • Not being willing to spend on digital advertising.
  • Do not use organic strategies to have conversions.
  • Not taking into account the distribution, packaging and tax expenses generated by starting a new business

2. Seek Help - Outsourcing

A common mistake of many entrepreneurs is trying to do everything to save money; It is normal to see them managing, marketing, prospecting, doing logistical tasks, etc.

YOUR TIME IS WORTH A LOT !!!!!

This has two serious consequences: First, you don't focus on what you're really good at and what you like to do.

Second, by trying to do everything in the end you do nothing well, entrepreneurs work more hours a day than a common employee uses this time in what we do best.

It is important to delegate certain activities in which others can be better, more efficient, or at least have more resources to do it, you will end up saving time and money. 

3. Look for Alliances

  • Support yourself from government programs for entrepreneurship. 
  • Look for alliances with other companies for services or products complementary to what you do.
  • Look for online learning tools, there are many free ones.

 

 

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