STEP 7: Support Team
I found out that many businesses went bust before they even went fully operational because they did not start right. Starting right can mean the difference between success and failure. It simply means I should have all the tools, information, facilities, contacts, money management and government compliances all fully prepared and organized. The four key professionals who could help me in getting all these logistics organized and put my organization on a path to starting up smartly and cost effectively, are listed below. They will also be instrumental as my business grows.
1. Accountant/Financial Planner – I need a qualified accountant’s expertise to ensure that my cash flow is in good order, expenses are well managed, tax liability is minimized and book-keeping is well organized. In some cases, a financial planner could cover a wider scope than an accountant.
2. Lawyer – An experienced lawyer will ensure that all agreements with my associates, staffs, and third parties are placed under well drafted contracts to protect my personal and business interests.
3. Banker – A banker can be helpful as the business gets running because I may need some financial facilities (i.e. short term loan, credit facility, checking account, treasury management) ...
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July 11th, 2011 
maureen 
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