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Posted by Carolette Wright

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Thinking about starting a BUSINESS? Owning a small business can be very rewarding, but it also requires a lot of time, energy and long term funds. Taking the right steps up front can help increase your chance of SUCCESS. There are many proven ways to create an impact with your start-up. Follow these simple advice to kick start your startup business. Well, First things first: Have you done your BUSINESS PLAN yet? This is a number one rule of planning necessary for ENTREPRENEURS. You have to be sure in advance that your services or products will have a definite customer base in order to be successful. It is necessary to meet targets for achieving success. Your plan for your startup needs to be simple and the targets need to be achievable. Make a list of all the items you’ll need to purchase to get a true sense of your start-up and operating costs. It’s beneficial to have a detailed list of your needs when making a plan and figuring out your costs. With that in mind, you need to get a small business loan or use credit cards to FINANCE your business. If you plan to hire any personnel, factor in the costs of any employee benefits. Also consider any wages that you’ll pay and the fees for any legal or financial permits if they apply to your business needs. After you identify your start-up and operating costs, you can assess whether you need outside financing. Tips for Existing and Future Business Owners…

Maintain an Excellent Credit . Remember that as a small business owner, you are the business. Avoid having a huge credit card balance in order to have a good and reputable name. converted by Web2PDFConvert.com

Recordkeeping is a MUST. If you are organized, everything will be in place and accessible.

Hire a Lawyer and Accountant. As a business owner, you need to leverage off all the relationships you build as your business develops. You therefore need to make smart choices between service providers to your business and advisors who go that step further to help your business grow by adding their expertise and experience.

Hire a Business Mentor. Other than the lawyer and accountant, you should a business mentor who has a strong business background. This person is there to give you advice and generate new ideas. Do you want to know the SECRETS of owning a Business? You need a lot of Patience, Perseverance and Hard work. Do everything you can to help grow your business. Your BUSINESS is unique and it deserves special care when crafting a plan for success. Making a fair assessment of your needs and planning accordingly will ensure that your plan is stable enough to get you off the ground. Taking the time to carefully consider the viability of a small BUSINESS VENTURE and to create a business and financial strategy can help you feel more confident about your endeavor. It can also provide you with the information you need to make sound decisions that will more likely lead to greater success in your business. Rememberâ&#x20AC;Ś WORK hard but be SMART in doing it.

Stay Blessed,

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