The School of Business: Recent Episodes
Gabriel Ronkai
There are many things small businesses are not told, or not told correctly. One of those things is how to run a business financially well. Since 90% of businesses fail within the first 5 years, we have to accept that it is not all and only the people who are running the businesses that are wrong and making mistakes. However that the system that is provided for them is not suitable and not working for most businesses. In this podcast, we will show where the problems lay and will provide solutions to make sure that businesses can go beyond that 5 years thriving and well financially.
It is all about If you need a Business Plan and an Exit Plan.
There could be an argument to be made that the answer is a big NO for both of them.
Having an idea is not enough to have business. There are other things that are must so you can start.
We will look at what happens when you do not have anything, and look at what is the minimum you need to start with so you can actually get business off the ground.
In this second episode we are talking about the most important part of a business. MONEY.
We are talking about money it's importance and what you need to set up a business to able start well and have stable legs to stand on.
There are many basic things that a business must do before it starts. One of them is to know to forecast how the business might go for either to get financial backing or to see if it worth to start. We will talk about it. Because before you start it is the most important to know if you could predict if your business even has the chance to start.
However, as we will discover that Forecasting is extremely inaccurate and will talk about what a starting business or an existing business can do about that.