10 Things I wished I knew When I started My Business

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  • meaganapaterson.com

    10 THINGS I WISHED I KNEW WHEN STARTING

    MY FIRST BUSINESS

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    1. PRESERVE YOUR CASH

    $

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    2. STOCK - START LOW, JIT OR ON CONSIGNMENT

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    3. WORK FROM HOME Rent an office / facility only if & when you have to

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    4. LOOK AT GETTING VIRTUAL ASSISTANCE

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    5. KEEP GENERATING INCOME ON THE SIDE IF POSSIBLE

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    6. LOOK FOR FREE ONLINE / LOW COST RESOURCES (bit like wedding shopping)

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    7. GATHER REFERRALS FROM DAY 1

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    8. SET UP CREDIT TERMS TO HELP FUND THE BUSINESS ie/ deposit up front, payment in advance, small discount for

    paying on time or before due.

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    9. BUILD A RELATIONSHIP WITH YOUR BANK MANAGER

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    10. BUILD A RELATIONSHIP WITH YOUR ACCOUNTANT / FINANCIAL ADVISOR

    Structure your entity at the beginning to ensure you are protected.

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    FOLLOW ON www.adaptiveframeworks.com.au www.projectprocurement.com.au

    www.meaganapaterson.com

    INSTAGRAM @meaganpaterson @adaptiveframeworks

    LINKEDIN https://au.linkedin.com/in/meaganpaterson https://www.linkedin.com/company/adaptive-frameworks

    https://www.linkedin.com/company/project-procurement-institute

    meagan@adaptiveframeworks.com.au +61422524525