For many entrepreneurs, the words 'startup' and 'debt' go hand-in-hand. If you find yourself in that category, check out banking website Bankaholic's article on preventing business debt. The article offers eight causes of business debt that the writer says are easily avoidable. Here are some of the causes mentioned:
- Not sticking to the necessities
- Trying to do too much too soon
- Not designing for scalability
- Failing to delegate
- Buying in bulk
Check out the rest of this list for more detailed explanations and tips.