We start of Phase 1 Conception in October 2017 with this discussion about the 6 top consultants you need in your Initial Team.
In Show 019 – Who should be in my initial team? Originally broadcast on Facebook Live on Monday 2 October 2017 we explore this interesting topic.
Show Notes
It’s a new month and a new phase for the Business Legal Lifestyle. Today, we are going to discuss Phase 1: Conception. It’s about putting you on the path for success before you even start. A big part of how to conceive your business is putting together the right team. To help you along the way here are the top six people you are going to need to help you along the way.
Accountant
You accountant is going to be a critical part of your business. They will handle all the financial aspects of your operation and ensure you are making the correct tax payments.
Lawyer
The lawyer and the accountant should be speaking with one another from a tax point of view and from a legal point of view. You need to make sure the business you are running is legal in the jurisdiction you are operating.
Bookkeeper
A bookkeeper is different role from the accountant. They handle all your transactions and enter those into your accounting software. It can be the same person as the accountant.
Business Coach/Mentor
You need someone that is going to give you straight forward and honest advice about the state of your business. This is particularly important if you are going into business by yourself. Being a sole trader can be a lonely existence without having someone to bounce your ideas off of.
Insurance Broker
In any business you are going to need insurance and a broker will help you get sorted out at the lowest price possible. A broker is often overlooked but is crucial to protecting your business for the future.
Mortgage Broker/Financier
Getting money isn’t as simple as going to the bank and getting money. You need someone that can walk you though the various options to ensure you aren’t get ripped off.
Coming up on Wednesday we are going to go into an even deeper dive about the members of your team and why they are so important.
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.
