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Member You - The Entrepreneurial Itch
Tennessee has no State Income Tax. There for there is no State Agency to oversee withholding deposits and reports. There are no State W2's to file, no supplement wage withholding rates and no State W2's to file.Not all s
Blunder # 13: Spending too much on Equipment & Overhead
Blunder # 14: Lack of knowledge of tax laws & local regulations
Blunder #15: Extending too much credit to customers
Blunder # 16: Lack of adequate Research of the industry and marketplace before starting up
Doing Car Wash fundraisers to help raise funds for kid’s organizations, makes a lot of sense, as the kids are making their own money and they can generate significant dollars to offset the costs of the club, team or youth group.<
The 16 Deadly Business Start-Up Blunders!
Avoid these blunders, beat the odds and live your dream:
Blunder # 1: Choosing a type of Business that you do not Truly Like – but others make money in it
Blunder # 2: Failure to find your Niche (eg: Selling an identical product or service that the large chain stores sell)
Blunder # 3: Underestimating the initial total Capital Investment required to get the Business off the ground
Blunder # 4: Failure to have a Realistic Written Business Plan drawn up at startup
Blunder # 5: Failure to set up a Workable Referral Network prior to opening the business- a free sales force for your business
Blunder # 6: Under-Pricing your product or service
Blunder # 7: Lack of Outsourcing of some business functions to others
Blunder # 8: Misclassifying Employees as Subcontractors
Blunder # 9: Insufficient time and funds spent on Marketing & Selling your product or service
Blunder # 10: Under-Insuring and/or failure to incorporate or set up a LLC entity structure
Blunder # 11: Physically Over-working- the all work / no play concept
Blunder # 12: Failure to inform people who care about you that your work hours and work habits will drastically change and obtaining their acceptance of the situation
Blunder # 13: Spending too much on Equipment & Overhead
Blunder # 14: Lack of knowledge of tax laws & local regulations
Blunder #15: Extending too much credit to customers
Blunder # 16: Lack of adequate Research of the industry and marketplace before starting up
One of the fastest growing sectors of the medical industry is that of home health. There are many reasons for this growth, but most important are:The number of aging and infirm citizens in the country.The lower cost
Blunder # 3: Underestimating the initial total Capital Investment required to get the Business off the ground
Blunder # 4: Failure to have a Realistic Written Business Plan drawn up at startup
Blunder # 5: Failure to set up a Workable Referral Network prior to opening the business- a free sales force for your business
Blunder # 6: Under-Pricing your product or service
Blunder # 7: Lack of Outsourcing of some business functions to others
Blunder # 8: Misclassifying Employees as Subcontractors
Blunder # 9: Insufficient time and funds spent on Marketing & Selling your product or service
Blunder # 10: Under-Insuring and/or failure to incorporate or set up a LLC entity structure
Blunder # 11: Physically Over-working- the all work / no play concept
Blunder # 12: Failure to inform people who care about you that your work hours and work habits will drastically change and obtaining their acceptance of the situation
Blunder # 13: Spending too much on Equipment & Overhead
Blunder # 14: Lack of knowledge of tax laws & local regulations
Blunder #15: Extending too much credit to customers
Blunder # 16: Lack of adequate Research of the industry and marketplace before starting up
The toy industry suffered a major setback during the recession. Thankfully, it survived but the products coming out of the toy industry of late are quite boring. One wonders where has all the innovation gone? If you have an o- a free sales force for your business
Blunder # 6: Under-Pricing your product or service
Blunder # 7: Lack of Outsourcing of some business functions to others
Blunder # 8: Misclassifying Employees as Subcontractors
Blunder # 9: Insufficient time and funds spent on Marketing & Selling your product or service
Blunder # 10: Under-Insuring and/or failure to incorporate or set up a LLC entity structure
Blunder # 11: Physically Over-working- the all work / no play concept
Blunder # 12: Failure to inform people who care about you that your work hours and work habits will drastically change and obtaining their acceptance of the situation
Blunder # 13: Spending too much on Equipment & Overhead
Blunder # 14: Lack of knowledge of tax laws & local regulations
Blunder #15: Extending too much credit to customers
Blunder # 16: Lack of adequate Research of the industry and marketplace before starting up
Preparing for an interview over the phone is primarily a mental exercise, and something that is easy to prepare for. It is the second impression that you will make on a hiring decision maker – the first impression was obviously r service
Blunder # 10: Under-Insuring and/or failure to incorporate or set up a LLC entity structure
Blunder # 11: Physically Over-working- the all work / no play concept
Blunder # 12: Failure to inform people who care about you that your work hours and work habits will drastically change and obtaining their acceptance of the situation
Blunder # 13: Spending too much on Equipment & Overhead
Blunder # 14: Lack of knowledge of tax laws & local regulations
Blunder #15: Extending too much credit to customers
Blunder # 16: Lack of adequate Research of the industry and marketplace before starting up
In my thirty years as an advertising consultant, I ran into many businesses that could have benefited from an in-house advertising agency. Instead, they spent fortunes on various agencies that were more concerned with making eir acceptance of the situation
Blunder # 13: Spending too much on Equipment & Overhead
Blunder # 14: Lack of knowledge of tax laws & local regulations
Blunder #15: Extending too much credit to customers
Blunder # 16: Lack of adequate Research of the industry and marketplace before starting up
Avoid as many of these blunders as possible and remember to keep your hands out of your wallet until you finish all your homework. Then go out, take a deep breath, and show the world that you made the right choice!
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