There are many entrepreneurs in Singapore. Some of them are doing well while others are on the verge of quitting their businesses. If you don’t want to be amongst the people falling in the second category, then avoid making a common mistake. Don’t use cash reserves to fund business operations. Instead, apply for a business loan and use it wisely to grow your business.
Many young entrepreneurs use their own money to run business operations, as a result they have to file for bankruptcy at a later stage. Avoid making this mistake at all costs.