Before you invest your life’s savings in a business, make sure you are prepared. Here is some good advice from other entrepreneurs and business owners:
- Put a business plan together – analyse all the potential risks and have a plan for how you will take your business forward over the next 5 years. Make sure the business is profitable: if you don’t have a good gross profit margin and good cost control, it’s going to be hard to turn a profit, ever. [read more »]
