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Hey I am on Medial • 24d
for every start up founders tend to put focus on profit scale or we can call it as margin of profit but most start up fails in this theory. 1. quality of products or service with good supply chain. 2. Marketing and promotion but more than 15 percent of any startup funding must not be invested in marketing or promotion. coz quality of service or products must be the strong base of every startups profit. products or service must be like money magnetic. 3. Based on these two, making a target of a stable profit in every month and in every next year building target for 10 percent of profit against the previous year. Start up founders don't need to be greedy if they only intend to go for a long run. otherwise, it's a just a waste of time and money.
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