The inability to manage credit is a quick way to lose control of your business. Credit is not given in order to buy expensive things, it is given for making delayed payments on things you can afford.
In order to have a successful business, you've got to get business done. If you are a one-person operation, then it is all up to you to get all the business done.
Every entrepreneur does not have the privilege of seed rounds of funding to get their idea off the ground. If you are not so fortunate and want to have as much available cash to fund your growing company, these are a few tips to help you reduce your personal expenses.
Don't just tell people you do a certain task for so many dollars to make a living. Give details to potential customers (just about anyone you meet at the outset) on what the task entails and how it will offer value for the price point you set.
Having your own business and being self-employed are two dreams coveted by those who have seen the abuse of working for sup-par implores. But they are two different dreams. Don't get confused and believe they represent the same thing.
While it is true that people without jobs should be more amenable to wanting to work for you, job candidates who are currently employed usually carry less professional baggage, even if you have to negotiate them leaving the old job.
3 min
About Two Minute Business Wisdom
From the publisher's feed
Independent business analyst and small business owner J Cleveland Payne offers success tips for business owners and professionals every week in a quick and concise format.