Money traps many startups fall into - News Summed Up

Money traps many startups fall into


Blowing money on non-essentials Every expense or purchase in a small business should have a return on investment. The only thing worse than not spending any money on ads, is paying huge sums for bad and ineffective advertising. Working capital trap Let’s define working capital. If you take your current assets then subtract your current liabilities, what’s left is essentially your working capital. So what exactly is the working capital trap?


Source: Standard Digital July 27, 2020 12:11 UTC



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