We all at some point in our working life dream about starting a business and being our own boss. In the highly popular business book, The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It, the author, Michael Gerber, draws the vital, often overlooked the distinction between working on your business and not in your business. Very good advice that I try to follow every day. (Note: This is an affiliate link, so purchasing the book helps support our mission and community here at Safeguarding Your Business. Thank you for your support!)
Four Advisors Your Business Should Have On Its Team
When you do take that leap or if you have already done so, the first important step you should take is to put together a group of trusted, qualified advisors that you as the business owner can rely on. I’m basically talking about a group consisting of –
- Insurance Broker
- Banker (if applicable)
I think that’s important to establish these relationships at the outset. It might be that the new business owner doesn’t have an immediate need or a substantial need for any of these services at the outset, but I think it’s important. There are several decisions that are made at the outset of a business that can have an impact on the future of the business, so I think it’s important that the new entrepreneur gets qualified advice from the outset.