A Crash Course in Managing Your Business by Scott L. Girard Jr. Michael F. O’Keefe & Marc A. Price

Author:Scott L. Girard Jr., Michael F. O’Keefe & Marc A. Price
Language: eng
Format: epub
Tags: BUSINESS & ECONOMICS / Entrepreneurship
ISBN: 9781457179778
Publisher: Nova Vista Publishing
Published: 2013-07-22T16:00:00+00:00

OFTEN, MORE THAN ONE individual is responsible for building a wildly successful business or conceptualizing a brilliant business idea. Will one rower in a large rowboat win in a race of large boats filled with teams?

Too many entrepreneurs attempt to do everything themselves. They do this for many reasons. They believe they understand the business’s goal best, they don’t trust those who don’t have a vested interest, they want 100 percent control, or they don’t want to share any of the fruits of their labor with others. Although all of these reasons seem to be valid concerns, in fact this thinking is not always realistic.

The reality in most companies is that the even if the owner keeps 100 percent of the profits in a small, one-person operation, those profits could be less than what that person would have made in a properly staffed and well-organized business, even if she only receives a portion of its profits as a partner. By involving others in your business, especially individuals who specialize in different facets of business, you can maximize not only the efficiency of your business but its effectiveness in the marketplace.

Don’t be afraid to partner with people who can bring exceptional skill sets and relationships to your business. Below are examples of professionals who can enhance your business’s success and keep costs way down.

Lawyers (business contracts; copyright, patent or trademark filing; intellectual property protection)

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