The notion that you can start and run a booming business is popping in part because of lower barriers to entry. According to Lousvilleky, the glorified versions on all the social sites make the “hustle” seem exciting. If you want to become an entrepreneur (as opposed to function on the internet), the courses you need to know aren’t on inspirational quote cards. If you go alone, you won’t understand exactly what you don’t understand.
Be Serious
I’ll be as frank and straightforward with you as possible: as a business owner, and then you’re legally responsible for everything. There is a lot of discussion on the internet about growing a business that enables you to seek your interest and concentrate on your strengths. Consider whether a job you enjoy more at another company, without the added responsibilities of being an entrepreneur, isn’t a better option for you; be honest with yourself.
Obtain a Lawyer
I’m not telling you this to brag. I tell you this because along with my history, I don’t do my work. When I started my business, I didn’t realize how important it is for an entrepreneur (at any stage) to have an attorney around. And not just any lawyer, you need one who knows you and your business. Hiring an attorney scares a lot of people. If it appears intimidating or costly, you are talking to the erring lawyer. If you are thinking of commencing a business, or have started one and don’t have a lawyer, you need one. This is non-negotiable.
Hire an Accountant
It’s okay if you work for someone and they provide you with a W-2, but the moment you own your business, your finances should be a much stronger focus. An accountant can be an integral part of your team, and you need someone who understands you and your business. Are you going to create a business, and if so, have you addressed it with your accountant and lawyer? An excellent accountant will be able to guide you through these questions and set you up for long-term success.
Find Business Association
Owning a business can be a lonely thing, very lonely at times. You may want to seek out other entrepreneurs who understand the experience and can guide you with compassion and insight. Also, maintaining this neighborhood is a great way to gain knowledge from people who have paved the way and talk to people who are on the same level as you to share thoughts, tools, and approaches. Don’t be afraid to get to know the “competition” in your market. You will discover innovative ways to appeal to both sides.
Embrace change
Be prepared to change any aspect of your business that isn’t working. If the market is telling you that it doesn’t need “X” package or “Y” support, then you need to be ready to offer something different. And if something has changed in your life and you no longer need to offer a service or product, continue to evaluate your business over time and be ready to adapt if necessary.
