I started my first business at 19 years old and thought I knew it all. The business quickly grew to $500,000 in gross revenue with five employees in three states. Business was good, but because I didn’t learn how to manage my business, things quickly got out of control.
Six years into the business, because of mismanaging the finances, I was $100,000 in debt. My dream of entrepreneurship had turned into a nightmare. This experience taught me some lessons that young entrepreneurs need to know.
The 7 Toughest Startup Lessons You Don't Want to Learn the Hard Way
Posted by CateCosta under ManagementFrom http://www.entrepreneur.com 3472 days ago
Who Voted for this Story
Subscribe
“Yes, it's quite the new term Martin. But it's been around for a while....”
“Automation is a broad topic but I like ConvertKit for emails and SocialBee...”
“Lisa: I have not heard about the expression, "engagement...”
“Adam: Do you have a favorite tool at the moment?...”
“Adam: I have to look into this issue in the near future... ;)...”
Comments