In Show 141 – Fast Fix Monday – Top 3 people in your initial team originally broadcast on Facebook Live on Monday 22 October 2018 where we explore this interesting topic.
When you first start your new business deciding on your initial team is so important. Resources are scarce and time is short. That’s why you need to get the best possible help in the months and weeks leading up to you launch. The top three people you need in your initial team should include:
The person that does your books and handles employee pay is really important. They should be giving you advice on how to structure yourself to ensure that you are not paying too much tax. Tax provisioning is also really important to make sure you have enough to cover your tax liabilities.
You need to select a lawyer right at the start of your business. The lawyer needs to look at the structure of your business. The lawyer and accountant need to work together to make sure you are well positioned for the future.
3. Business Coach
No matter how successful your previous businesses have been, everyone needs advice. Remember that even the best athletes in the world have coaches. Find someone with loads of experience in the type of business you’re running. And make sure your trust them!
#startupbusiness #business coach #smallbusiness #entrepreneur
More about this Show
We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms. Most importantly we want to help you to develop a plan to take your business successfully into the future. There’s a startling statistic the underscores the importance of developing a solid plan. The majority of business owners are just seven months away from losing everything. A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly. Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients. We want to close that gap once and for all. We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.
Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV. We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with. Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.