Business Start-up Myth #2
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Focus on Immediate Survival- Save Long Term Planning for Later
Being an entrepreneur is complicated. Enterprises often face having too few resources but an abundance of expenses. Even so, when you choose to make trade-offs, don’t be pennywise but pound foolish. Spend smart money on a few key legal documents to build essential infrastructure for your company.
By spending this money when you start your company, you can be protected from several critical issues that may seriously damage your business later- and it is far more expensive to have these issues fixed after the fact, than it is to properly address them in the beginning.
