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Showing posts from July, 2020

Overcoming entrepreneurial adversity

Image source: forbes.com Whoever thinks that a business is exempted from adversity must be creating a highly idealized picture of reality in their imagination. It might even be argued that as a business grows, it becomes more susceptible to all kinds of challenges. As far as Michael Saltzstein is concerned, adversity is a part of any business that endeavors to succeed. Here are a few ways to prepare for it. Invest in good relations with others Good relationships pave the way for help or assistance to come in naturally when a business needs it. Many business owners form quality relationships with business partners in the industry. Just maybe, one of the relationships you are fostering today will save you in the future. There is absolutely nothing wrong with bringing in a helping hand. Surround yourself with smart people Early on, invest in the kinds of people who will turn out to become assets in your company. Give them opportunities to grow, so they will choose to re