As a business owner, many things are on my plate, and I thought it would be a good idea to take a look back at how things got started and share some insight for those seeking to become business owners:
First, the idea of starting a business is exciting to many.
Second, creating a new venture is an adrenaline rush with all of the ideas coming towards you at a rapid pace.
Third, for many entrepreneurs, the logistics of startup capital, banking issues, partnership agreements, vendor contracts, and legal issues are overwhelming.
Fourth, get help from others who have skill sets that you lack.
Lastly, facing the reality that you cannot do everything alone is a sobering thing , but is critically important to the success of your business.
Those are a few of my quick thoughts about being a business owner . Don’t forget – the ride can be thrilling as you navigate the challenges that are sure to come.
This post is for informational purposes only and is not intended to provide legal advice. Consult with an attorney about your particular situation.
Aquanetta J. Betts is an attorney licensed in Washington, DC and Maryland. She is a frequent speaker on the topics of wills, trusts, estates, planned giving and business matters. Connect with her on Twitter @AquanettaBetts.