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If you are employed and are seeking to venture into business, it is advisable to first let your business grow before you make that big leap. First time businesses are known to most of the time fail. Before a business starts recording profits, it takes time, hence observe how your business is progressing prior to quitting your job. But if you must quit employment before your business establishes itself, there are some issues that you must seriously take into consideration. The first thing is you must be sure that the business you are getting into will generate an income from the onset. This can be achieved by understanding the business you are venturing in. The best thing is to start a business that is in line with your skills and experience. It would be even much easier to venture into a market where you already have a good relationship with the customers. This way you will not need to go looking for clients. Some of the major challenges encountered by most business are raising capital and having a steady cash flow; therefore, it would also be to an entrepreneur's advantage if he/she already had a relationship with suppliers. This would enable him/her to get credit facilities for goods or services of which he/she can pay later. Establishing a new business, especially in this harsh and competitive market conditions, makes most people fear venturing into business. But there still exist testimonies of people who have made it big from their first attempt in business. With careful planning and working smart it is possible to attain financial freedom. Stephen is an business management expert. He researches and studies on big and small business strategies . (Website-) Business Management Solutions for efficient business operations.
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business, business venture, quitting your job, business skills, working smart, market, credit facilities, capital, raising capital, financial.entrepreneurship,
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