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6 Tips to Help You Start a Business From Scratch

2 52 17
23.09.2021

The thought of being an entrepreneur and running a successful business is on the wish list of every ambitious and career-oriented person. However, when it comes to laying down the foundation of a business, a lot goes into making it happen. With the advent of technological innovations across industries in recent years, people are aspiring to become top-notch entrepreneurs and they aim to change the dynamics of the business.

Generally, the common notion among aspiring entrepreneurs is that the best time to kickstart your business is when you are in your early 20s. However, this myth seems to have created a lot of pressure on young and hardworking would-be entrepreneurs who want to make a name for themselves in the market.

Interestingly, a research report titled by ScienceDirect suggests that the success ratio of people who set up a business in their 20s is actually the same as for those who become entrepreneurs in their 50s. The research stated that there seems to be balance at play. While the young entrepreneurs tend to be more tech-savvy and reluctant towards taking risks, the older entrepreneurs get an advantage from their vast iexperience, business skills, access to finance and key industry contacts. Meanwhile, the people who are in their 30s and 40s enjoy less success from their........

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