Posted by Dave Lorenzo - Business Coach

Steven D. Strauss, small business expert, gives sound advice on starting your own business:

“I always say there’s two parts to any business: there’s the part you love and you’re passionate about…that you’re probably really good at. Then there’s everything else: the law, the taxes, the payroll, and the insurance. All that other stuff you have to know and have to do if you’re going to get to do the passionate part. But most small businesses are long on passion and short on the other stuff. So I recommend finding as much help as you can with the other stuff.”

If you are daunted by the prospect of striking out on your own because you don’t know the first thing about accounting, IT, and business law, do not let those concerns stop you. You do not have to be a whiz at everything to run a business successfully. You can and should hire people to help you with those aspects of your business. Your expenses for these services are fully tax deductible, and the work of a specialist will go much further than that of an overworked business owner trying to do everything herself.

A wise business owner once told me that he never hires anyone who isn’t smarter then he is. He wants employees who know their areas of expertise inside out and can teach him a thing or two about them. Behind every superachiever stands an army of support. People who appear to do it all usually, in actuality, do not. They have advisors, assistants, bookkeepers, and technicians supporting them every step of the way. Surrounding yourself with support provides not only logistical help—it provides encouragement, ideas, and connections to many other resources that you will no doubt need on your productive path to great success.

Filed under: Entrepreneurship - Start-up
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1. Get Help With Everything Else

   David Lorenzo reminds us to get help with everything else:
   If you are daunted by the prospect of striking out on your own because you don’t know the first thing about accounting, IT, and business law, do not let those concerns stop you. You do not ha…

   Trackback by Startup Fever — July 13, 2006 @ 19:13

2. […] Get Help With Everything Else David Lorenzo reminds us to get help with everything else: If you are daunted by the prospect of striking out on your own because you don’t know the first thing about accounting, IT, and business law, do not let those concerns stop you. You do not have to be a whiz at everything to run a business successfully. You can and should hire people to help you with those aspects of your business. Your expenses for these services are fully tax deductible, and the work of a specialist will go much further than that of an overworked business owner trying to do everything herself. […]

   Pingback by Startup Fever » Blog Archive » Get Help With Everything Else — July 13, 2006 @ 19:14

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