Thursday, May 8, 2008

STARTING A BUSINESS


When you and your partners are in the talking stage of developing a business, put everything on paper(OPERATING AGREEMENT).
Document everything.
Decide in writing who will have what percentage and decide in writing how decisions will be made.

If it is not written, it does not exist. And if it does not exist--you got nothing.


If you choose not to document then I suggest:


Pay close attention to everything your partners say, write and present.

save receipts, brochures and fliers.


save reports, brainstorming projects and plans.

save all notes(yours and your partners)—even the ones that are hand written and did not make it to the computer.


Save planning modules, statements, invoices and curriculum.

Learn how to communicate with agencies, don’t allow your partners to have the experience only.
Learn all elements of your business—not just your current task.


Learn all the positions within your business so to perform them precisely all by yourself.

KNOW EVERYTHING!!
FROM THE FRONT TO THE BACK, FROM THE TOP TO THE BOTTOM


The LESS you know--the LESS you have. The LESS you have--the LESS of a partner you are.

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