Get Help from the Experts
There are a number of outside professionals with whom a business person should have an ongoing relationship.
An accountant may be consulted to set up and help maintain a good bookkeeping system for your business. Inadequate recordkeeping is a principal contributor to the failure of small businesses. Make sure that you understand the bookkeeping system you are using and that you receive and understand regularly produced financial reports.
An attorney's services are essential throughout the life of your business. The attorney can assist you with your legal structure, drawing up agreements and contracts, and providing information on your legal rights and obligations. There are also online resources that provide legal information.
The capital requirements of a small business make it essential that a good working relationship be established with a local banker. It is recommended that you establish a relationship with your banker prior to applying for a loan.
There are many different kinds of insurance options available for business owners. An insurance agent or broker can advise you about the type and amount of coverage that is best for your business. The agent may be able to tailor a package that meets your specific needs at reasonable rates.
Consultants
Each of us has talents in many areas but no one can be a master of everything. Consultants are available to assist in those areas in which you need expert help. There are business, management, and marketing consultants, promotion experts, financial planners, and a host of other specialists who can help make your business more successful. Consult your area Small Business Development Centers for free and confidential consulting and/or referrals. |
