If you’re chasing money, you are doing one of the most common failures when starting your new business. The reason can vary, but the old traditional offline business still remains in many people’s mindsets.Â
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In the old offline business world, you needed a considerable amount of money to get started. You should register the business entity, install an office or shop. It was necessary with warehouse, inventory, personal, and much other nitty-gritty stuff to get started.
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Once the business opened up the doors to the public, your debts were already pretty high. Under those circumstances, chasing money could be understandable to keep your business financially alive.
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In today’s online world, the conditions are entirely different. With your computer, Internet connection, and a small amount of money (less than $100), you can be up and running the same day.