You eventually landed a few customers and got busy doing the work you love to do. You may also look for independent contractors for key positions. And think about how you can leverage what else you've got to offer. Because with everyone adopting a pared-down mentality there is no need for you to spend money on flashy offices or fancy company cars.
Be Direct with your Accounting
Some
grow to eight
employees at one location. Professional
facilitators usually know
little about the fields in which they consult, but are expert in helping others forge a common direction. The
justification of
private property, on the other hand, lies rather in its expediency than in any inherent and unalterable law of nature. Because
if your venture
can survive in the bad times when every order is an order hard won, just think how it will fly in the good times when customers seek you out rather than the other way round.
Verify Insurance Requirements for Sourcing
It
is making customers
aware of what you do, how well you can serve them, and creating the right perception of your company. If
your sales
at first are small, you can put in your spare time in the making of your goods, and afterward as your custom increases you can employ help. Subcontractors
also tend to
round up small extras. Do
you hope to
convince big customers that you will be a dependable supplier?
Build a branding strategy
If
you re going
to come out with a diving board or offer diving-board maintenance services, you need to be prepared for this legal issue. Most
of your competitors
won't invest enough, if anything, on this important part of their business. It
s easy when
you re short of cash, or expect to be short of cash, to take the attitude that almost any source of funding is just fine. However,
the investors -
called equity owners or equity partners - may sell their ownership to other parties.
Unwrapping Quality
What
might work for
well-funded start-ups will not work for you. When
you spend most
of your time focused on the work, you forget about what it takes to grow your business. Without
a good net
profit margin at year end, your business will struggle and you won't be able to move toward achieving your long-term goals of earning more, working less, and living the life you want. Your
attorney, your accountant,
and your insurance broker are all crucial members of your team.
Every product has a life cycle
The
wise manager identifies
and minimizes root factors in the work environment that contribute to people problems, works to resolve the problems that do occur, and conducts him- or herself as a model for others. Lend
a hand.
Your
mission statement is
a one- or two-sentence explanation of what your business is about and its reason for existing. Leadership
is your ability
to get people to want to follow you.