^{40% of small businesses make a profit, 30% break-even, the other 30% lose money.}

Don’t let that happen to you!

People often start their business with a dream of making money but don’t have the necessary skills to manage their financials. Even worse, many aren’t interested. We get it, your company is your passion – you love it dearly, almost like a child, and just don’t have the time to worry about cash flow, taxes or expenses. But make no mistake, poor financial practices will put you out of business!

No matter how great the idea or how passionate you are, your success ultimately depends on careful strategic planning and sound financial management. It’s vital you keep records of every financial transaction to know exactly where your money is coming from – and where it’s going!

Imagine now that your idea is so great that you start growing too fast. Surely that’s a good thing? Let’s see. Say you launch your product and it does so well that you struggle to keep up with orders. It sounds like a good problem, right? Think again.

Rapid expansion and premature growth are just as dangerous for your company as a slow start. Developing your business takes just as much careful and strategic planning as managing day-to-day operations. Even household names conduct careful market research and studies before venturing into new areas of operation. They measure local and regional demographics, spending trends, future development plans, and countless other issues before they move forward. It’s therefore crucial you do the same.

Now, imagine the opposite. You’re so convinced by your product that you invest heavily on inventory and, after a few months, you can’t move it. What happens now? It’s essential you make sure your initial business is stable before you think about expanding. You have to conduct thorough research, ensure that timing is right and that appropriate funding is available. Don’t order inventory you’re not sure you can sell and have a plan in place to fill orders quickly.

This is just a short sample of what you absolutely have to do to keep your business from failing. But, if you lack financial management skills, handling these sorts of affairs can be a daunting task.

^{So, what next? That’s right. IDEAOLOGY it!}

Using the IDEAOLOGY Launchpad, you can submit your idea to a team of first-class experts and assess your project. Developers, freelancers and designers from all over the world will then offer their skills, resources, templates and practices to help you get started. On top of guidance and expertise, you’ll also get the luxury of our community feedback to review, test and validate your idea, all in one place!

With a huge pool of talent in every field, there’s nothing you need that you won’t find. Download templates, financial flowcharts, business models and forecasts from worldwide Blockchain specialists and get your idea ready for the market. Alternatively, hire an accounting expert, a financial specialist or a business strategist for the long-term, so you can focus on what you do best.

If 50% of new businesses fail, 50% must succeed.

IDEAOLOGY yours! And we’ll make sure it does.