We all know the bleak statistics about startup success rates: 50% of startups don’t last more than 4 years. There are tons of reasons for this, but it’s often because of wasting money.
More specifically, 29% of those failures are usually because these businesses run out of money!
Starting a business will take longer and cost more than what you estimate.
It will take some time before money starts coming in, and even more time for it to come in consistently and predictably! Yet, money will start going out from day one. The thing to ask yourself is whether you’re making a good investment or wasting money.
