business hints

My five cents on business | Pt. 2

You can find Pt 1 here

Capital is key for enterprise

While digital advancements have lowered barriers to entry in the business world, successful enterprises still require upfront risk capital without guaranteed returns. Collaborate only with those who are prepared to invest tangible financial resources, as businesses are not guaranteed government bonds.

Accelerate the business negotiation process

Avoid lengthy courtship with clients, partners, or suppliers. Be forthright about financial discussions and seek commitments early on. In most cases, if exchanges exceed three or four emails or meetings without a commitment, it is likely they will not finalize a deal with you, possibly preparing the ground for another more strategically positioned in the market.