It’s everyone’s dream to have their own business. Investing so much time, effort and money into a business is scary. So you need to have a financial plan. The first question you want to ask yourself is, where do you want your business to be in two, five and ten years’ time?
Discussing finances as a family is usually challenging. This because there’s always a “bread winner” that takes care of everything in most families and others don’t feel the need to play a part or even put money aside. Here’s how you can encourage your family to save.
A business is not an easy venture to start. That is why more than half of all businesses fail within a single year of starting. The reasons for failure are not easy to pinpoint, particularly because there are so many different factors that can affect it. However, the main reason is a lack of capital. If.
So, you’re a new investor and you’ve read just about everything about mistakes you could possibly make. You’re set to consider what investments out there are right for you, but first some wise words of warning….