Thursday, January 5, 2017

5 Quick Tips For Entrepreneurs

There are few things as exciting (and terrifying) as taking the plunge and opening your own business. Limited only by your imagination and determination, you'll face endless possibilities as an entrepreneur. Of course, in order to become a successful entrepreneur, you must be adept in more areas than just your chosen field - you must also be able to handle the business, financial, and legal responsibilities associated with running a company. Our business attorney at the Lake of the Ozarks is here to help you succeed by offering these quick tips to anyone dreaming of starting a business in Missouri.


1. Choose A Field You Are Passionate About.
Building a business from the ground up requires an immense amount of time, energy, and effort. If you aren't passionate about the industry or the cause you have chosen, you may burn out quickly. Before embarking on the adventure of building a new business, make sure you are honest with yourself regarding whether or not your chosen field truly ignites your passions.

2. Identify Clear, Measurable Goals.
Building a business is a huge task, with countless details demanding attention and individual steps to be taken along the way. Without a clear plan to follow with measurable goals to track your progress, you may get lost along the way. Before beginning your new venture, take the time to carefully devise (and write out) your strategy.

3. Listen To Unhappy Customers.
No business owner wants an unhappy customer or client. However, as Bill Gates once pointed out, these dissatisfied clients can provide the greatest source of learning for business owners. Rather than getting defensive, take the time to carefully listen to their complaints and use their comments to identify where and how your company can improve. 

4. Stick With It.
Nothing good comes easily. As an entrepreneur, you will inevitably face difficulty, stress, and obstacles that may seem impossible to overcome. A primary difference between successful entrepreneurs and their unsuccessful counterparts is the tenacity with which they face their challenges. If you are able to meet and overcome the challenges you face, you will be that much farther ahead of your competition.

5. Build A Strong Team.
Few successful entrepreneurs achieve their dreams without help. Don't overwhelm yourself by attempting to do it all your own. Get assistance from trusted friends, family, and mentors, and seek counsel from experienced professionals who can guide you along the way. A business accountant and business attorney are two examples of professionals whose guidance may be worth their weight in gold.

Need A Business Attorney? We'd Love To Talk To You!
If you are in need of a business attorney at the Lake of the Ozarks, we would be honored to consult with you. Our experienced team can help you with the legal aspects of entrepreneurship, such as forming a business entity, building (and enforcing) legal contracts, designing a business succession plan, and much more. Visit our website for more information about our business law services in Camden County MO, or call us directly at (573) 552-0317.


We Carry Your Burden ~ You Carry On With Life.

Disclaimer: No attorney-client relationship is created by the publication of this blog.


The choice of a lawyer is an important decision and should not be based solely on advertising.

Phone: (573) 552-0317

O'Donnell Law Center, LLC
1026 Palisades Blvd. Suite 3
Osage Beach, MO  65065

No comments:

Post a Comment