Often times, I meet with clients who are starting their own
business and need some advice. Should
they incorporate? Do they need
insurance? How do they manage their
finances? When I talk to clients about
these issues, I like to talk about managing the “business of the business”. Doing so is not always fun or what we want to
do as business owners. Let’s face it – a
painter would rather be painting than sending out bills. A caterer would rather be in the kitchen than
thinking about whether and how to take credit cards. However,
failing to do so can be detrimental to your business. It is like having a rose bush and never
pruning it. Both will quickly get out of
control. This will, of course, only take
more time and cost you more money, than if you had managed it regularly in the
first place.
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