By: Lance@MoneyLife&More
A good accountant is well worth the price you pay due to their business knowledge that they can help you apply to your business. Not all accountants are good accountants though so make sure you do your...
View ArticleBy: Krantcents
When I started investing in income property, I assembled a team of professionals (attorney, CPA & banker) to help me with my business. I think this applies to every business. You need people you...
View ArticleBy: Ornella @ Moneylicious
I like point number 3. I think too many people are exciting about starting a business but are not prepared with a contingency plan in case it fails. There’s nothing wrong with failure…it only points...
View ArticleBy: Krantcents
This one of the reasons, you need a realistic business plan. Sales do not constantly go up nor do profits, how do you handle setbacks? I faced difficulties when I owned income property and all the...
View ArticleBy: AverageJoe
Wow, great guest post. To reiterate the “find a good accountant” point, I like an accountant who explains to me what she’s looking for. I had a great accountant who did it all for me and ended up...
View ArticleBy: Krantcents
I had the same CPA since I started investing in income property and owned businesses. The tax preparation is pretty straight forward, but I value the Q & A much more. The advice is more important...
View ArticleBy: Jason Clayton | frugal habits
I would add 2 more. “Have a solid business plan” (must have), and “Have Patience”. I think a lot of businesses fail because the owner gives up too early and looses patience. Instead of plugging away...
View ArticleBy: Krantcents
Patience sometimes is a negative. People who start businesses want to do something which may mean they do not want to wait for something to happen. I would add persistence rather than patience.
View ArticleBy: Krantcents
Many businesses have business plans that are ignored as soon as it is prepared. Sticking with it is important.
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