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entrepreneur checklist
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entrepreneur checklist
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Banks – Need Money to Get Money
Banks do not finance risk, so the timing is very important.
Often it is the best to approach a bank for financing when
You have money rather than when you need money.
As is the case for internal management, open communication with banks is essential in maintaining a financial relationship with them.
7. Social safeguarding
The Entrepreneur must provide his
social safeguarding. Respect, illness, accident or the wrong investment can lead to the insolvency. The social safeguarding refers on that occasion as well as on private also as on operational insurances. For both areas, it is necessary to weigh up exactly which risks and dangers actually can appear. The most important safeguardings are:
Health insurance, foster insurance, old-age precaution (life insurance)
Accident insurance, occupation and business liability insurance,
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