In its Monday article on surviving the first three years of business, The Age tapped several young companies (including online businesses Sphinxx and The Wardrobe Store ) to gather their most important lessons of those 36 months. You can read the article for their full advice, but their top tips include:
- Don’t be caught unprepared for success and miss an opportunity
- Accept help from specialists early on, don’t wait until it’s too late
- Ensure your financial projections cover both best-case and worst-case scenarios
- Regularly survey customers
