Starting your own business can be one of the most exciting moments in your life if you have all the elements in place.
If you are looking to start a small business then buckle your seat belt and get started on the journey, because it can be a very exciting adventure.
There are hundreds of different small businesses to choose from and lots of places to research and look.
One thing is for sure and that is this; starting a business can be a lot easier than making it succeed, be profitable According to statistics many businesses don't ever make it to the five year mark.
Do you want to be a retired statistic or be running a thriving business at the 60th month? Here are 3 Critical Tips that you need to consider when starting a small business: 1.
Coaches and Mentors - Find the guides that can possibly save you time, money & heartache.
This is really something you should be working on in the early stages of looking and searching for a business.
One of the best coaches I ever had came from a factory we worked with in the early 1990's.
This gentleman is responsible for several strategies and tactics that I utilize to this day.
2.
Make sure your Long Term Goals line up with your new business.
After all, it's almost always a long term commitment and you want to make sure that existing goals match your long term vision and objectives.
In other words, are you going to keep the business and pass it on to your kids or relatives or maybe sell it outright at some point.
3.
Step back and review all documents before signing the final paperwork.
If you are buying an existing business or a franchised operation there's always a bunch of legal paperwork that needs to be reviewed and signed.
Of course you want an attorney and accountant to review it all but I also recommend that you step back, review, think and maybe even take a day or weekend to go through everything before signing your name on the dotted line.
This is always a good idea because you might find something that you didn't see before.
If someone pressures you to sign on the dotted line I would suggest you seriously reconsider doing business with them.
Like I mentioned earlier, starting a small business can be very exciting, but you should be looking objectively at everything to do with the new venture because your future depends on the decisions you make before the doors open.
If you are looking to start a small business then buckle your seat belt and get started on the journey, because it can be a very exciting adventure.
There are hundreds of different small businesses to choose from and lots of places to research and look.
One thing is for sure and that is this; starting a business can be a lot easier than making it succeed, be profitable According to statistics many businesses don't ever make it to the five year mark.
Do you want to be a retired statistic or be running a thriving business at the 60th month? Here are 3 Critical Tips that you need to consider when starting a small business: 1.
Coaches and Mentors - Find the guides that can possibly save you time, money & heartache.
This is really something you should be working on in the early stages of looking and searching for a business.
One of the best coaches I ever had came from a factory we worked with in the early 1990's.
This gentleman is responsible for several strategies and tactics that I utilize to this day.
2.
Make sure your Long Term Goals line up with your new business.
After all, it's almost always a long term commitment and you want to make sure that existing goals match your long term vision and objectives.
In other words, are you going to keep the business and pass it on to your kids or relatives or maybe sell it outright at some point.
3.
Step back and review all documents before signing the final paperwork.
If you are buying an existing business or a franchised operation there's always a bunch of legal paperwork that needs to be reviewed and signed.
Of course you want an attorney and accountant to review it all but I also recommend that you step back, review, think and maybe even take a day or weekend to go through everything before signing your name on the dotted line.
This is always a good idea because you might find something that you didn't see before.
If someone pressures you to sign on the dotted line I would suggest you seriously reconsider doing business with them.
Like I mentioned earlier, starting a small business can be very exciting, but you should be looking objectively at everything to do with the new venture because your future depends on the decisions you make before the doors open.
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