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  • Lesson 2_Poor Allocation of Resource, Avoiding Common Business Pitfalls

Lesson 2_Poor Allocation of Resource, Avoiding Common Business Pitfalls

For Startups, every dollar and resource count. Poor allocation can lead to unforeseen financial challenges. Knowing your financial position prevents misallocation and helps you focus on high-impact activities.
Genius Club
  • Last updated Jan 18, 2025
  • English (United Kingdom)
  • General Audiences - suitable for all ages

What you'll learn

1) Understanding the importance of resource allocation in startups and SMEs.

2) Poor resource allocation & its Challenges

3) Case study

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Content

The Cost of Poor Resource Allocation For Startups, every dollar and resource count. Poor allocation can lead to unforeseen financial challenges. A tech startup that focused 60% of its resources on product development, without validating market demand, ended up with massive financial losses. Knowing your financial position prevents misallocation and helps you focus on high-impact activities.

Requirements

Basic understanding for Financial Glossary 

1) Resource Allocation
2) Product development

3) Market validation.

4) Liquidity

5) Cash Flow

 

Creator

Chai Wen Lee
@MAD_Wendy Empowering Startups & SME Knowing Numbers
  • 3 Learners
  • 4 Courses
  • 0.0

Empowering Startups & SME Knowing Numbers

Lesson 2_Poor Allocation of Resource, Avoiding Common Business Pitfalls

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  • Learners0
  • Sections1
  • Lessons1
  • Skill LevelIntermediate
  • Language English (United Kingdom)
  • Certificate No
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