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1198. # TFCP - 5 Hard Truths I've Learned As An Entrepreneur!
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If youβre considering being an entrepreneur in freight, you must listen to this episode to better understand the realities of running a startup business!
Hereβs What to Learn From This Episode:
- Entrepreneurship Realities: The harsh truths of entrepreneurship; cautions against glorification and the need for thorough understanding before leaving stable employment. Entrepreneurs often risk starting with zero revenue/customers.
- Cash Flow Challenges: Cash flow as the leading cause of business failure; aspiring entrepreneurs should save aggressively beforehand. Financial strain including depleting savings and retirement accounts, and the importance of working with a CPA for financial planning.
- Networking: Networking and relationship building; participation in local business groups to build connections. Being strategic in networking and branding oneself can open up opportunities, reinforcing the idea that relationships are critical for success.
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