7 mistakes startups should avoid in their early stages

Starting a business is good, but sustaining the business to profitability is the hardest albeit most rewarding part of the business endeavour. The early stage of SME forms the foundational structure the development and achievement of the startup.  As a matter of fact, findings show that about 20% of small businesses fail in their first year, 30% in their second year, and 50% after five years in business. While in Nigeria, the most populous country in Africa, about 80% small businesses fail within the first 5 years, amounting to 1 in…

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