5 Things You Need to Know before you Start a Business

I have been talking to so many people lately that are in the process of or thinking about starting a business. They are walking or in some cases running down a path without the planning and knowledge they need to achieve success.

In working with clients that have plateaued and want to achieve significant growth, I find that most of the time we have to move backward to put structure in place that will allow them to move forward. Wouldn't it be much easier to know what you want to build at the beginning and put the right structure and processes in place?

There are so many questions to be answered.

1. What will the business look like when it's perfect. What net profit will the company need to produce to achieve your end goal?

2. What's the exit strategy for the business?

3. Will there be partners or other equity holders?

4. What legal entity is the right one for you considering all factors?

5. How much capital will you need and where will it come from?

And there are many more questions to be answered. Kathy and I have been talking to many individuals on these matters and have decided to offer some workshops covering what you need to know to get started. So if you have an interest in this information send me your email address at info@growthmindset.com with Start up in the subject line. We will put you on the distribution list for information. We plan to offer live workshops as well as some webinars for people out of the Atlanta area.

So all you budding entrepreneurs let us hear from you.