All tagged Tips
The truth is, building a successful company is typically a very long game. Not every idea is a winner; not every decision yields success. But you can learn from experience, gaining wisdom as you nurture resilience – key ingredients, along with hard work and a pinch of luck, that eventually lead to victory.
Here’s how to stay in the game long enough to win, and make the most of failure along the way.
Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today. It might seem counterproductive to spend money when you want to put it in the bank – and make no mistake, saving and investing are also vital – but sometimes spending your money can wind up helping your business immensely, protecting it from slower times.
Here are three things smart business owners spend their money on.
Business insurance is something that may seem like an unnecessary expense in the short term but is worth the cost now in case something terrible happens in the future. It’s better to spend some money to avoid paying a lot of money later, especially if there’s a chance you could face a lawsuit. Unfortunately, even the most diligent business owners could wind up dealing with clients who think they have been treated unfairly, or who injure themselves while at your place of business.
