What’s the difference between small business and startup?
A startup is 1 or 2 people working in their garage or a bedroom.
Amazon started in a garage. Microsoft started in a garage. That’s a startup.
Hiring heads of this and heads of that is not a startup…
It’s a small business.
And one of the problems of going in that direction is that 82% of all company failures — whether you’re a startup, small business or large business — is cash flow mismanagement.
Cash flow is a big issue, especially in the startup phase.
(And, keep in mind, when I look back at the companies I’ve sold for over $300 million, I never got out of the startup phase.)
So what’s the solution?
I call it the ‘Model of Alliances’ and break it down in the video above.Cheers,Trev