Intelligent, experienced financiers will see them anyway. She calculated that, when taking all paperwork into account, she spent roughly an hour on each transaction no matter how large or small. Think of a CPA. If you become popular, the people will come to you; but at first you must go to them.

Meet their commitments in Advertising

Your liking for an occupation is the advantage you have over those who do not like it. But today man has adopted long and roundabout methods of producing goods, involving numerous steps between his first efforts and the turning out of the finished articles. Recognize investors want opportunity to cash out or exit. Instead of spending all your time with weak people, spend time with your best team players who make you the most money.

Publicity is the darling of small businesses

Seek out the best real estate or business broker in the market who specializes in the kind of property or business you want to buy. Notice that doing the work, managing projects, and supervising people aren't even on the list of what leaders do. A company-wide system to give people what they want will help you hit your bottom-line goals. Others grow to two men and a truck.

Sending out price lists, catalogs, and brochures

This type of marketing includes advertising in magazines and newspapers, mailing to an entire zip code, buying television spots, billboards, or a trailing sign behind an airplane. Therefore, you need to look carefully at the trends in your industry and try to determine where it will be in 5, 10, or 20 years. Again, list the skills that your management team has that pertain to this business. By studying your competition, you can devise your own competitive advantage by providing something (or several things) that it does not offer.Business plans could be considered cheap insurance.

Without specific objectives, it?s hard to tell what you can afford to do

Is it beneath your social station to handle butter and eggs? Liabilities cost money, go down in value, and take a lot of work to get them to pay for themselves. Without systems in place, you are at the mercy of your people, managers, employees, and supervisors to do a good job. This will give both parties an opportunity to correct any misunderstandings before they impair performance.

Offer something different than your competitors

Similarly, a sandwich shop located midway between a trade school and public transit station may get much more traffic than one located very close to one anchor but in the opposite direction from the other anchor. Venture capitalists may also come in on some later rounds of financing. A mission statement describes the current central purpose and goal of an organization, to guide daily decision making and performance. Don t show one set of numbers to a banker you re trying to borrow money from and another to a partner you re trying to lure on board.