🗝️🗝️Have enough cash on hand🗝️🗝️
Cash is crucial for every business. Without it, you can’t cover your expenses, handle a financial crisis, or grow sustainably. Avoid starting your business with a loan. It doesn't look healthy for a new business. A business can look good on paper without actually being healthy. If cash is on loan, then how do you pay back when business isn't bring good profit at start.
Agree, starting a business, try not to take loans because this is not good for future business. Very many of us want to start a business but we always think about how to get big capital. looking for big capital to rent a place, looking for big capital to buy equipment. I think the most important thing is that we have to change the mindset like that, we don't need to have big capital, but how do we use small capital to be able to make a profit? Because with the small capital that we have, we will focus on what we have to be able to get profits little by little. Because for me it is not the biggest capital to build a prosperous business. Of course, it must also be accompanied by the points conveyed by Op.
If we can profit from very small capital, then our business can grow over time, and capital can be rotated again and again. Because the important capital is profit.
Theory alone is not enough to make the explanations that you have produced attractive in Op, it needs to be complemented by the practice that you have been running so far.
Agreed, when it comes to theory, everything is very easy, but when it comes to practice, it's not necessarily easy.