So, you’ve started your own business – or you’re thinking about starting your own business – where do you go from here?
Hopefully, you’re past the initial steps of choosing a name and drafting a business plan. You’re full of ideas on how to market and build your business, and you’re thinking about the next million dollars you’re going to make.
Now, do you know how you’re going to keep it?
According to the Small Business Administration, over 50% of small businesses fail in the first five years. The number one reason for that failure? Lack of experience. Translate that into, “I don’t know what I’m doing.”
The newer you are to the business world, the more important it is to learn as much as possible – not just about the business you are starting, but business in general. The best course of action is to have a team of qualified professionals such as an accountant, attorneys, marketing expert, etc. helping you through the process. Sometimes, that “team” consists of just one person – you.
One of your keys to success is to know what you can do for yourself, and when to ask a professional for help. Sometimes, that initial investment in paying an accountant to do your taxes or paying an attorney to draft that contract for you will save you time, money and aggravation in the future.
Davis Miles McGuire Gardner has developed a series of seminars with the small business owner or business manager in mind. Key topics that will be addressed include, proper protection in forming a business entity, key documents every business should have to protect themselves, implementing employment policies that keep you in compliance with federal and state law, and detecting fraud in the workplace, to name a few.
Underestimating the difficulty in starting your own business is one of the biggest obstacles entrepreneurs face. Our goal is to help you succeed by educating yourself and helping you avoid some of the potential landmines you can face. These seminars are free and open to the public. Take a look at our upcoming seminars and sign up today.