They say 90% of all startups fail. To succeed then, perhaps you should launch 10 startups?
Jokes aside, a major reason for startup failure is poor financial management (amongst other factors – such as a poor team or product). And often, such poor management is symptomatic of a bigger problem – poor personal finance habits. An entrepreneur in control of his personal finance is far likely to manage his organization well. This is why it is vital to follow some crucial good practices on the personal finance front – it translates into great results both on an individual and organizational level.…Continue reading