blueprint

Taking the Road Less Traveled

If you don’t like regulations you might as well not show up to the world of skilled trades.

Of course you have to hire good employees, like any other business. But, most businesses don’t have to worry about being a good year away from things like a Worker’s Compensation Audit where they hit you with a $20,000 to 100,000 audit adjustment…Let alone special considerations like:

Bonding, special financial reports requests by banks for equipment loans, or to secure that large construction bid. The list goes on and on. So if you find yourself asking why you got into this business. Maybe you are asking the wrong question.

Maybe you should be asking, “Who can help me navigate these issues so I can focus on my company, expanding my company and getting that next bid in on time for once?”

Skilled trades are important for this country but too many companies fail while trying to navigate the road on their own. Don’t take the road alone, come to a company that understands your issues and can have a real conversation about more than just a tax return.

kindle

Leap of Faith

So You Want to Take the Leap of Faith?

As a small business adviser I see many business owners that truly do not understand the time commitment that is necessary to invest to make their dream a reality (or underestimate the size of the endeavor).

I encourage small business owners to stop and take the time to speak with another business owner in their industry. This discussion is worth its weight in gold, because it helps the new owner(s) to understand what has to go into their project first hand, before they take their leap of faith.

I am almost always optimistic when it comes to a new business venture, after all I had to take my own leap of faith.

But, ultimately it is important to have a business adviser or mentor that you can go to, through thick and thin. Not a friend, but someone that is going to tell you when you are heading in the wrong direction. If you don’t have that person you have to find them for your business to succeed.

Also, you have to be realistic in your endeavor and find people that are smarter than you. Yes I said it, you might not be good at everything. This is a harsh reality. But the sooner you come to terms with the fact that you are not the best ever at everything, the sooner you will find smart people that can take care of those things for you.