Most people learn from doing, a few learn from listening and observing others. Please share your most valuable lessons learned so we can learn from others before making the same mistakes ourselves. Thanks in advance.
Most people learn from doing, a few learn from listening and observing others. Please share your most valuable lessons learned so we can learn from others before making the same mistakes ourselves. Thanks in advance.
Find your buyer first
Hire outside help in the areas you are not good at.
Accounts receivable before accounts payable.
Learn quickly who your bad customers are and fire them.
Timing the economic markets is key to staying in business.
Be flexible and bend or pivot when things slow down, because there will always be slow downs.
Hire a certified tax strategist. (I am not one, this is not a sales pitch)😆
Don’t close your business when you retire, sell it. There are company’s out there that list businesses for sale.
**Your competition will most likely be your buyer if you have run it right, because they will want your customers.