Discover and read the best of Twitter Threads about #SageForSmallBiz
Most recents (3)
Why do small businesses fail? A question I asked myself many times before I started my business because, like many entrepreneurs who are new in the game, I was terrified of failure.
Here are 7 of the reasons, why small businesses fail: 🧵
#SageForSmallBiz
Here are 7 of the reasons, why small businesses fail: 🧵
#SageForSmallBiz
Lack of capital: Small businesses often struggle to secure enough funding to keep the business afloat during the early stages.
Without adequate capital, a business may not be able to pay for necessary expenses like rent, equipment, inventory, and marketing.
#SageForSmallBiz
Without adequate capital, a business may not be able to pay for necessary expenses like rent, equipment, inventory, and marketing.
#SageForSmallBiz
Poor management: Small businesses require careful management of finances, operations, and employees.
Inexperienced or incompetent management can lead to poor decision-making and mismanagement of resources, which can lead to failure.
#SageForSmallBiz
Inexperienced or incompetent management can lead to poor decision-making and mismanagement of resources, which can lead to failure.
#SageForSmallBiz
[THREAD] Why do you (still) need a business plan? 🤔
Research has shown that businesses with a plan grow faster, are more likely to secure funding, and stand a better chance of scaling. Here’s the major reasons you should make one for your business: #SageForSmallBiz
Funding.
You will need to show how you plan to generate revenue and indicate when you are likely to be profitable. You should also know how much investment you need and when you’ll be able to pay it back. #SageForSmallBiz
You will need to show how you plan to generate revenue and indicate when you are likely to be profitable. You should also know how much investment you need and when you’ll be able to pay it back. #SageForSmallBiz
Getting rid of the things that drain your energy in your business/freelancing - a #SageForSmallBiz thread. Everyone has those things that suck their time and energy. But you don’t have to allow it to do that!
#Sponsored
#Sponsored
Why not look into automating these things, to give you more time for the things that’s important? Here are some of my top tips for automating those brain-draining tasks:
#SageForSmallBiz #Sponsored
#SageForSmallBiz #Sponsored
Schedule social media posts - yes you need an online presence, but take an afternoon every month to schedule posts. You don’t need to wait for 12:30 pm every day to post something! #SageForSmallBiz #Sponsored
