Tag: small business

TechsPlace | Making mistakes while doing a business is inevitable, while most mistakes may cause a small setback to your business, a few may be fatal to it. Being aloof of the possibility of incurring such disasters is utter foolishness as you will be more vulnerable and not be prepared when the worst strikes. We have listed a few such business starter mistakes which you should avoid while doing any business. Not Forming a Planning Team: No one person can know every detail and aspect of a business hence it…

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TechsPlace | No matter how capable you are, you simply cannot do it all on your own, nor should you. Having a great team on your side is probably the single most important thing for the success of your company, seeing as how it dictates your efficiency when performing core tasks of your business. Nonetheless, hiring a person with the same set of skills over and over again is never a good practice, even if the person you’re cloning (so to speak) is the best employee that you have. Instead,…

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TechsPlace | One of the biggest issues businesses face nowadays is struggling with the finances. The fact of the matter is that a single financial mistake can either halt your business operations for a prolonged period of time or ruin it altogether. Many startups and small business fail in first five years due to financial issues. As a matter of fact, 8 out of 10 businesses fail in anywhere between 16 to 18 months because of the lack of funds required to further support their business. That’s why it’s important…

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