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Start by getting your compan
in Der Vorstellungs-Thread 18.10.2019 09:49von gsnoopy520 • 616 Beiträge
ught you with the title Cheap Mark Jackson Jersey , didn't I? Chances are, you don't want your business to grow slowly. No, you want fireworks, and a little animated line that shows profits going through the roof.
That's all well and good, provided this is your third or fourth successful business. If this is your first business, you may need to take it slow. Why? Because there are mistakes that are waiting to bite you. You may not be properly prepared to handle what is coming down the pipe, even if it something grand, like a $100 Cheap Myles Turner Jersey ,000 contract.
With this in mind, I'm going to lay out a couple of mistakes to avoid, and a few systems you will need in place.
Common Capital Killers...
The first mistake everyone seems to make, is their need for an office. Unless you are selling a product that requires a fair amount of foot traffic, do not go out and lease, rent, or otherwise procure an office outside of your home.
Multiple friends of mine have done this very thing, and it has eaten into early profits. If you have an office Cheap Victor Oladipo Jersey , then you will want a phone system. If you have a phone system, then you will need to purchase internet service. Occupying an office is an easy way to spend $700-$1100 a month for which you will get nothing in return. If you have a spare bedroom, with some decent used office furniture and lighting, it will be more than sufficient. In the beginning, it won't be a huge inconvenience to meet a client at their office. They would probably prefer that you come to them.
The second mistake I see is a problem along the same line. People immediately feel the need to upgrade their transportation, at the worst possible time. This is especially tempting to people who are in sales. Never spend good money on image maintenance. Your business is young.
If you already have a car payment, buy a magnetic panel that has your business phone number and name, and stick it on. In some cases Cheap Darren Collison Jersey , that may qualify you to write off some, or all of your car payment as advertising. Check with your accountant on that one, as certain guidelines have to be met for consideration as a legal deduction.
Accounting and Legal considerations...
Speaking of an accountant, you should have a good one, and use him as little as is humanly possible(at least in the beginning). If you can, learn to use a basic invoicingaccounting program, like Quickbooks. That will save you a fair amount of money. If you aren't great with books, or have more complicated financial transactions Cheap Reggie Miller Jersey , then you may need to hire a part-time bookkeeper to enter transactions, and make sure everything is ship-shape.
Legal issues are another fun area. Whether or not you hire a lawyer will depend a great deal on the industry you are in. I would recommend LegalZoom for standard legal documents. Basic contracts, scope-of-work documentation, and non-disclosure agreements are pretty standard from state-to-state. Do buy a template from someone like LegalZoom. Don't download the first free one you find, and modify it for your purposes. You never know what you are missing in the fine print. While legal fees can kill you, they can also keep you from unnecessary lawsuits and expenditures. Pay for it now, or pay for it interest.
With regard to keeping legal records, I prefer to converse via email Cheap Paul George Jersey , rather than verbally. In this manner, I can have a written record of the conversation and agreements, rather than a flimsy, verbal contract. In addition, make sure you have purchase order, or a signed contract for any invoice you issue. Properly documented transactions can save you thousands in legal fees, and lost profits. Again, accountants and lawyers are people you don't want to see in the "expense" column every month.
What about hiring employees?...
This can carry a huge Cheap Indiana Pacers Hats , legal burden, depending upon their legal classification. As a small business, your best bet is to hire a 1099 contractor, rather than a full-time W2 employee. Why? Hiring a W2 employee immediately makes you responsible for paying equal parts of Social Security and Medicare tax. Depending upon the number of employees who are classified as W2, you may be required to pay for workman's compensation insurance, along with Unemployment insurance premiums. In some cases, it is not legal to classify workers as 1099. There are 20 questions that the department of Labor asks to qualify someone as a contractor. If you have any questions, you should call the US Department of Labor Cheap Indiana Pacers Hoodies , before hiring for a position.
What about advertising and a website?...
Both of these sections go hand in hand. Start by getting your company listed with Google, Yahoo, and Bing Local. You'll have the upper hand when someone searches for "rocking chairs in Boston". Post pictures of your product, company, hours of operation, and services. It's simple, and easy.
If you want a website, I would recommend a service like Dreamhost(at $10 a month for hosting) Cheap Indiana Pacers Shirts , and installing Wordpress. For a theme, I would recommend Thesis, which is infinitely customizable. If you aren't comfortable with setting up something of this nature, then
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