One
aspect of running a small business that few people give a lot
of thought to is the way they deal with professional vendors
such as bankers, lawyers, accountants and so on. Most entrepreneurs
just dive right into their businesses without giving a second
thought to how these professionals should be treated, what they
can do for you and what they in turn look for in clients. With
a little thought and effort, you can ensure that you get the
most from these relationships.
The main thing to remember is that you need a personal relationship
with each of these people. They have the ability sometimes direct,
sometimes indirect to drastically influence the success of your
business. Your goal should be to develop a long-term, personal
relationship with each of them. If you do that, when you hit
a bump in the road, they'll be there to help you get over it.
|
|
|
Turning
your special skills and abilities into a profitable business
is a growing trend. Many are considering self-employment as
a viable and rewarding life choice. Concerns unique to your
particular situation need to be addressed, but issues you
should definitely include in your decision making process
are:
Assessing
yourself and your skills
Determining market opportunities
Analyzing competitors
Regulations and laws affecting the business
Selecting professional advisors
Preparing your business plan
Setting fees or determining pricing
Keeping records
How to legally minimize paying tax
Preventing losses and wasting resources
Running a smooth operation
|
|
|
|
