According to statistics, more than half fail within five years of starting, and the most consistent failure of small businesses is a lack of capital, and by extension, a lack of investment. Here are the 6 things you need to invest enough money into to ensure success:
Design- your logo, business cards, and general branding all help your business stand out and build a good reputation.
Marketing- this makes sure your product is coherent and consistent in its advertising.
Technology- internal systems, cell service, and a website are likely to have an instant effect on the productivity of the workforce.
Legal advice- you can protect yourself from potential legal issues.
Accounting service- you can optimize your business and reduce inefficiencies.
Insurance- If you plan for your business to grow, then insurance is a must.
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