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Junior Varsity
Managing a developing, young business
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<blockquote data-quote="Silas Pradetto" data-source="post: 50330" data-attributes="member: 34"><p>Re: Managing a developing, young business</p><p></p><p>It has taken me many years to even start running my company as a business and not a hobby. Here are some ideas I have:</p><p></p><ul> <li data-xf-list-type="ul">Form an LLC or a 'real' company to separate company liability and assets from your own</li> <li data-xf-list-type="ul">Insure everything</li> <li data-xf-list-type="ul">Issue at least an invoice for every event or rental you do, and get a copy signed by the customer</li> <li data-xf-list-type="ul">Get deposits for new customers, I've had some pretty annoying cancellations</li> <li data-xf-list-type="ul">Have a professional do your taxes</li> <li data-xf-list-type="ul">Buy items that makes you money (they get used more than a couple times a month) and rent everything else</li> </ul></blockquote><p></p>
[QUOTE="Silas Pradetto, post: 50330, member: 34"] Re: Managing a developing, young business It has taken me many years to even start running my company as a business and not a hobby. Here are some ideas I have: [LIST] [*]Form an LLC or a 'real' company to separate company liability and assets from your own [*]Insure everything [*]Issue at least an invoice for every event or rental you do, and get a copy signed by the customer [*]Get deposits for new customers, I've had some pretty annoying cancellations [*]Have a professional do your taxes [*]Buy items that makes you money (they get used more than a couple times a month) and rent everything else [/LIST] [/QUOTE]
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Managing a developing, young business
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