Personal Considerations Before Starting, Part 3: The Financial Risks of Starting a Business

In your consulting startup, knowing your financial situation is key. Today, we’re going to discuss how to assess your financial risks to know where your business is at. When it comes to finances, the best thing you can do is to hope for the best but plan for the worst.

In addition, you need to make sure that you’ve got buy-in from your stakeholders. Your business decisions will impact not only your stakeholders but your close family and friends. Getting on the same page is key to having a good foundation for growth.

Feras Alhlou

Feras has founded, grown, and sold businesses in Silicon Valley and abroad, scaling them from zero revenue to 7 and 8 figures. In 2019, he sold e-Nor, a digital marketing consulting company, to dentsu (a top-5 global media company). Feras has served as an advisor to 150+ other new startup businesses, and in his current venture, Start Up With Feras, he's on a mission to help entrepreneurs in the consulting and services space start and grow their businesses smarter and stronger.

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