Common Small Biz Slip-Ups
News-Leader:
As a small-business owner, Theresa Gallup has learned “you can’t do it all. Hire the professionals.”
Hire a professional accountant, hire a Web designer, hire anyone who can fill in the blanks you can’t.
You can learn these skills, but the time it will take to learn them and the results are often not worth it, said Gallup, who owns a home-based business, Kimono Designs.
While the majority of small businesses fail in the first five years, some are quite successful. If you’re thinking about starting a home-based business — whether it’s a lawn company or crafting jewelry — there are many things to consider. These professionals share their tips for success and how to avoid common mistakes.
The first three years were rough for Gallup. “I lived extremely meagerly because all the money I made I poured back into the business,” Gallup said.
She advises having three years of income to sustain yourself if […]
Original post by Rich and software by Elliott Back