Starting an own business venture – this is what many people dream of. But turning the idea into a successful and profitable company is often a long journey requiring not only use capital, but also external expertise.
As soon as you need capital from investors or loans from banks, a reliable business plan will be required, for example. Sometimes start-up teams simply lack experience with the typical challenges that come up in the start-up process or with management itself.
It’s therefore worthwhile for all new start-ups to seek external advice to avoid expensive mistakes. Regardless of whether their company is in the seed phase or has already completed an initial financing round.
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