4 Resources that an entrepreneur must have

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No businessman on the planet is able to foresee everything he will encounter throughout his business. This, of course, does not mean that it is necessary to passively take all the blows of fate, because there is always the possibility, if not to foresee, of warning some common problems that can then manifest themselves as particulars.

Here are four tips from our resource, in which direction you need to work to meet the blows of fate fully armed …

1. An Advanced Teacher

Regardless of your personal training, experience and business indicators, you still need an easy accessibility person who would be considered a specialist in business. Timely support, advice, financial and moral assistance from an expert will never interfere. Or maybe one day it will become a wand for you in the most difficult situation, from which you personally will not see a way out.

Choose one (or better a few) mentors, this is not an indicator of your inability to do business on your own. This is a demonstration of your mind, foresight, ability to solve problems in advance and serious intentions regarding your own business.

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2. Effective attorney

An entrepreneur who values his livelihood (and the livelihood of his employees) should always have good lawyers at hand to deal with current problems in a timely and effective manner. There is no sphere of sales or services, wherever this need was minimal. If you are in contact with people, then there is always the possibility of problems that cannot be solved without a professional in the field of law.

You will always need an experienced business lawyer who would provide competent business advice related to your current plans, opportunities, documents and analysis of future transactions. This is the point of the “menu” on which you should not save in any case.

Continue Reading: Open a Business: What comes before the business plan?

3. A competent accountant

At the beginning of business, you could easily manage accounting yourself. But as the business grows and develops, it will be much more difficult to do, and the likelihood of errors will immediately increase. You can enroll in accounting courses and try to optimize your work in every possible way, but when the tax inspection comes on the door, you are unlikely to be nervous if the accounts department were engaged independently and did not give this question to professionals.

Even if you yourself have worked as an accountant in the past and have a consultative education, you should break the desire to do everything yourself and hire a specialist, because you, as an entrepreneur, already have something to do.

Financial statements, tax documents, balance sheets, payroll calculations and much more should be placed on the shoulders of professionals who do not do anything else than figures.

4. Valuable personnel

Now that you have dealt with a mentor, a lawyer and an accountant, it’s time to think about those people who are the basis of your business, make sales and bring money. And you should have specialists in your mind who you would like to get “in possession” now or in the future. And this should be not just a summary, but specifically selected people who are not yet with you, but who, in your opinion, should be close and bring you income. You must be in constant contact with these people, regardless of their current status of employment.

Always keep in view those people you consider professionals in your business, even if at the moment the interests of your company do not coincide with their field of activity. Who knows how life will turn out and what will you do in six months or a year. And if suddenly you are thinking of starting a side business or introducing additional services, then you will already have professionals who you want to attach to your business. There are hundreds of scenarios according to which your enterprise can suddenly start to develop on a new and initially unpredictable trajectory, so why not meet these twists of fate fully armed!

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