Wednesday, January 11, 2006

I need help! Help with advice of starting a business. Detailed tips 10 points.? -

Any type of advice is gladly appreciated. It would be a self business. I manage everything. Every little thing including accounting bookeeping and the service itself advertising all me.

Managing your own business where you do everything is a real juggling act. Don t forget to keep your sales strong. Sometimes business owners are good at what they do but not good as salesmen. On the flip side, don t sell more than you can deliver as that is not good for the business either.If you are not good at an aspect of the business it is good to hire professionals who can help you. Accounting comes to mind but keep a very close eye on accounting. I had a friend who helped manage a pest control business and the accountant ripped them off and did not pay bills she was supposed to and send in tax statements. It was a mess when they took it back from her so beware. I am in the process of learning Quickbooks which is an accounting program for small business owners. If you can learn this it will help you watch the money flow.Another thing I tell people in general is to prepare your taxes manually at least once. Read all the fine print on what is tax deductible. People presume they can deduct a lot of stuff but there are rules about everything. People presume they can deduct all their medical expenses but they only become deductible after you have spent a certain amount (over 4% of your gross income). Good service is your best advertising--get referrals.

The best advice I can give is this. Don t micromanage every aspect of your business. Hire a bookeeper and CPA and other proffesionals to help you. The more time you spend handling the details of the business the less time you have to provide the service and bring in new business. Your plan is a recipe for burnout.

The best advice I can give you is don t be afraid to spend money. I went 3 years doing everything myself for my website and business, I started paying people to do my website work and things I wasn t the best at. That gave me more time to actually figure out more ways to make money.Also make sure your name for the business makes sense, don t have a stupid name.Track all your cost and time, make sure you understand what something is truly costing you

http://www.allbusiness.com/business-plan��http://www.sba.gov/smallbusinessplanner/��I suggest you contact the SBA they have many booklets and personally also you en quire from themthey will be glad to help you

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