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post Thu 31 Oct 2019, 09:35
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It seems as if everyone wants to have their own business these days. With so many large companies permanently downsizing Anders Bjork Bruins Jersey , Entrepreneurialism is attracting many people. Having our own business for the last 28 years has given us a tremendous amount of freedom and opportunity. However, there were some tough times that we could have avoided had we been smarter.

One of the easiest ways to start your own business and get up and running as soon as possible is to associate with someone who has already done a lot of the preliminary work for you. Network marketing is offering tremendous opportunities for many people who would otherwise waste time looking for a business or be stuck in traditional jobs with all the limitations thereto.

For those of you who are thinking of stating your own business or already have, I offer the following thoughts for your consideration.

't RE-INVENT THE WHEEL. Take advantage of all of the resources that are available to you. There is very little that is new to the world anymore. Seek out those resources. Especially when you are organizing your company, use the already proven methods.

If you are a franchisee or something like that, your sponsoring company has done this before Bobby Orr Bruins Jersey , listen to them. They want you to succeed, study their success stories and see how you can organize and develop the skills necessary.

OVERHEAD LOW. Show fiscal responsibility. When people start their own business they sometimes go a little bit crazy and skew their thinking. For example, I know of several individuals who began living off their gross income instead of their net income. This results in new cars, more staff, a bigger computer system Brett Ritchie Jersey , a fancier brochure., etc. We all realize how exciting some of those deals can sound, but remember, if you live off your gross, life in this business will be very short. The Tax man cometh!

?T GET INTO DEBT. Get rid of the debt you have. This is part of fiscal responsibility as we just mentioned. But it is so important that it gets its own category.

We are often asked by college students Rick Nash Jersey , other young people, and fledgling entrepreneurs how they can start their own businesses. What we say is not exactly what they want to hear. First, we say they should NOT buy the fancy car, stereo system, take an exotic vacation Jake DeBrusk Jersey , etc. but get their financial house in order. Many of the college students we talk with seem to think that graduation should be followed by a really exciting (and expensive ) vacation.

Guard your credit rating at all costs.

The reason is, most of us spend more than we make right now. If you are going to take a risk and go into your own business, you will need to have the ability to financially cover the time when cash flow is short or non existent. If you live from pay check to pay check you have no options. Incidentally, if you are not familiar with the term ?cash flow? you will know it real well as soon as you start your business.

AWAY MONEY. Keep an attitude fund. This comes along with #3. As your business begins to make money there is a very strong tendency to want to reward yourself. After all, you risked Charlie McAvoy Jersey , you worried but ?gutted it out? until the sales started and now that you have some ?extra money? you deserve something nice. Besides, it is fun to let your friends know that you have finally made it!

This is the time to put away some ?attitude money? as one financial adviser used to call it. This is the stuff that will let you sleep through a whole night. It is amazing how having $30,000.00 or $40,000.00 in a money market fund changes your perspective on the world. Incidentally, never touch your ?attitude money Torey Krug Jersey ,? unless it is an emergency.

?T BURN BRIDGES ? it's all in the relationships. There is an old saying, ?be nice to people on the way up, because you are bound to meet them on the way down.? You don't necessarily have to be on the way down to meet up with those people. I think it is always important to be courteous and honest with everyone with whom you associate, regardless of what they do.

Always do what is right! That means pay your suppliers when your are expected to pay, or sooner. Get a good reputation for integrity and guard it with your life. That way you never have to watch over your shoulder. It just makes your life a lot easier.

CONSTATNLY ? prevent peaks and valleys (and sleepless nights). Most people think that companies fail for lack of sufficient capital. It is my observation that they fail because the person running the business is not prospecting and selling on a regular basis. Incidentally David Krejci Jersey , lack of sales leads directly to insufficient capital!!

N - all that you can about your business and business in general. I am constantly amazed at the business people who have horrible corporate organization, estate planning, lousy and expensive benefit plans, terrible accounting and tax work, and are just plain bad managers. Yet they are always griping about how hard they have to work. Remember #1? Don't Re-invent the wheel Danton Heinen Jersey , keep your house in order, people have been doing it right for years use your advisers wisely. I look at this just as really dumb management.

When I recommend meeting with and getting a good small business attorney andor accountant too often I get the response ?we are too small? or ?I can't afford it.? This is just stupid. In every situation that I have pursued this with friends I have found that good professional advisers were no more expensive than lousy ones and are a lot cheaper than non at all. Add to this, the fact that they will get you headed in the right direction if you are off course and you can't afford not to have them. But get good ones, not friends simply because they will cut their fees!

N FROM DOING!!! Don't be afraid to make mistakes. ?You can't make course corrections, if you aren't moving.? We hear Practice mak. Wholesale Nike Shoes Online Wholesale Youth Air Jordan Wholesale Air Max 95 Wholesale Nike Shoes China Cheap Air Jordan Shoes Cheap Nike Shoes Free Shipping Cheap Max Shoes Wholesale Nike Air Max Wholesale Air Max China Wholesale Nike Shoes Online

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