http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/ Take your Business to the next level Fri, 29 Aug 2008 19:12:20 +0000 http://wordpress.org/?v=2.5 http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/#comment-497 Hermie Sat, 29 Dec 2007 23:40:53 +0000 http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/#comment-497 How about mishandled finances? New entrepreneurs tend to borrow at higher interest with less payment flexibility due to lack of financing options. Local banks do not usually extend loans to start-ups. Payment of loans is critical during the first year specially in the first 3 months. How about mishandled finances? New entrepreneurs tend to borrow at higher interest with less payment flexibility due to lack of financing options. Local banks do not usually extend loans to start-ups. Payment of loans is critical during the first year specially in the first 3 months.

]]> http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/#comment-498 Allan Mon, 31 Dec 2007 04:29:56 +0000 http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/#comment-498 Yup, you got it right. I actually invested a business in Philippines 2 years ago and it's not doing well financially despite the good sales performance. For one reason, it's only my sister who's been doing everything, with all her time occupied in operations, and ended losing focus on documentation, monitoring and analysis of cash flow and other financial reports. Yup, you got it right. I actually invested a business in Philippines 2 years ago and it’s not doing well financially despite the good sales performance. For one reason, it’s only my sister who’s been doing everything, with all her time occupied in operations, and ended losing focus on documentation, monitoring and analysis of cash flow and other financial reports.

]]> http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/#comment-500 Lauro Gonzales Thu, 03 Jan 2008 19:40:59 +0000 http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/#comment-500 The fundamental law of a successful business is, "Location, location, location." Development and progress can not be forced to certain location even with a tremendous amount of finances/capital investment injected. Development and progress come naturally depending on the location. The fundamental law of a successful business is, “Location, location, location.” Development and progress can not be forced to certain location even with a tremendous amount of finances/capital investment injected. Development and progress come naturally depending on the location.

]]> http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/#comment-501 Asia Business Advisor Sun, 06 Jan 2008 14:51:20 +0000 http://blogs.inquirer.net/smeinsight/announcements/2007/12/common-mistakes-small-businesses-make/#comment-501 How about 5) Not considering global market/competition from the beginning and trying to play it too small? Most of the startups and SMEs, and especially shoe-string operations, are impacted by real-time, always-on global competition through open information - unless the business model include some unique local How about 5) Not considering global market/competition from the beginning and trying to play it too small? Most of the startups and SMEs, and especially shoe-string operations, are impacted by real-time, always-on global competition through open information - unless the business model include some unique local

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