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What are the pitfalls that a new (startup) business must be aware of to avoid failure....

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Finance

What are the pitfalls that a new (startup) business must beaware of to avoid failure. Explain each pitfall

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The most common pitfalls of a startup and the ways to get rid of them can be explained as follows Not using a contract Before one starts working one must put together the terms of the agreement and get it on paper Contracts ensure that the scope of the work is defined well and that one has legal documentation if any issues arise when it is time for payment Not having fast business systems to your disposal Using smart business systems to define and    See Answer
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What are the pitfalls that a new (startup) business must beaware of to avoid failure. Explain each pitfall

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