4 People Who Can Help You Start Your Small Business

Posted by Kevin Smith
7
Aug 22, 2019
677 Views

Starting a new company can be difficult to do on your own. Thankfully, there are people who can help you. Here are 4 of them:

Corporate Lawyer

A corporate lawyer helps ensure that you're not missing or violating any state or federal regulations before you get your business license. They can steer you away from unwanted litigation, heavy penalties, or tax burdens.

The attorney can also write or review your contracts with your partners and investors before you sign them. They ensure your intellectual property is protected.

Accountant

Your accountant helps you file your taxes on time and prevents you from incurring heavy penalties. They'll make sure that you're paying the right amount every period.

Aside from that, they can keep your numbers in check, from your sales and profits to your payroll. The data they produce allows you to analyze whether your business is growing.

They can even set up a records system to make financial reports more comprehensible. They may use software or work with QuickBooks consultants to accomplish this.

Investor

An investor can lend you enough capital to get your company going in the first few years. They're an asset since they help you get a foothold in the industry through their connections. For startups, at least one is enough.

Before you ask for funding, lay out your business plan. You may also invite them to be a part of the board of directors, which enables them to invest a larger sum for the company.

Business Coach

An industry veteran can guide you in navigating the ins and outs of your business. If you have one as a mentor, you'll get valuable insights and tips that can help you grow and succeed in your field. They may also give you words of inspiration whenever you find yourself at a dead-end, which is very common among new entrepreneurs.

Coaching is considered a never-ending process. Your mentor may have also sought help a couple of years ago; they probably still do! Who knows, maybe when you're an established name in the industry, another startup CEO may seek your advice, too!

When starting a new company, it's important to get as much help as possible. Reach out to lawyers, accountants, QuickBooks consultants, potential investors, and industry veterans. Surround yourself with the right people who can support you in your endeavor.

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