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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:


  • 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