Why did you start your business? Is it because you had a certain skill? Or maybe a real passion for something? Probably you figured you had what it took to get your baby off the ground. But after you’d been at it for a while, you probably figured out that, wait a minute, you probably shouldn’t be wearing all the hats. This is when you figure out that your business needs more than just tender loving care. This is when you face the music that there are other skills you need to maintain and grow your business. And you don’t really have them.
Thought your days of hitting the books were over because you’re running a business like, well, a boss? You’re out of school and knee deep in running a business, but guess what? As the big dog of your enterprise you still need to read.
Okay, so you want the good news, right? Wait for it…
If you’re the big dog, or even the only dog, at your business, chances are good that you’re also the bank for your business. Now, if you’re asking yourself just what the heck that means, keep your pants on while I explain. Basically, it means you decide where the cash goes and when it gets there. And let’s face it, you probably invest a healthy portion of your personal money into the business as well.
So now that we’ve established that you are, in fact, the head honcho in charge of your company’s money rolls, let’s talk a little about mixing your personal and business funds. If you’ve read anything at all about running a business, you know you’re supposed to keep your personal and business funds entirely separate from each other. That looks pretty on paper, but any bootstrapper knows it’s harder to do in practice, especially in those first couple of years when you have a lot of your personal money feeding the business like a green IV line.
Our world is becoming increasingly digital. You can get sales from people around the globe, develop friendships with people across the pond, and even start lucrative partnerships with people you’ve never met. Since all it takes to connect with others is click a few buttons while sitting behind your desk or at home in your pajamas, why should you bother going to networking events or even meeting for coffee?
You’ve probably heard the term LLC a lot lately, and maybe you’ve been wondering what it means. What type of business entity is it, and would it work well for your business? While there are a lot of ins and outs to the LLC, we’ve compiled some basic information you can use to decide whether it’s worth a more detailed look:
Some people just aren’t big joiners. If you’re one of them, you may think there’s not much reason to join business or networking organizations. And while you can do just fine without them, there are many reasons to join in.
Before you erase joining organizations from your list of things to do, consider the following 3 reasons to join a business or networking organization:
There are many tasks you perform for your business on a daily basis. Some are things all business people have to do while others are unique to your type of company. Wondering just what else you can do to boost productivity and results? Here are 3 things every business owner should do every day:
Wondering whether you should create an email newsletter? A newsletter helps keep your business on your customers’ minds, but it does require time and effort, every single month. If you’re on the fence, your answers to the following questions may help you pick a side: