Small Business TipsVideo

have Blake avenues that are bad that everywhere -- anywhere in the United States . That's something relevant fact do to you and what it would youth fashion lifestyle travel basis. That guy we fit everything you

I had a little bit of both. I've worked on celebrities like Britney Spears -- Brooke Shields through magazines very often. And we get great press and I think that's the other. Thing that's important is that to --

And that's it that's very popular program to purchase real estate at what Kobe we actually have them on to new products one of them. This is equity line of credit and with a client is able to do is take care residents and use it as collateral the other practice. It's called commercial equity line and similar fix that we're doing is we're taking a commercial real estate that's owned by the individual --

have a service business if you're an accountant or your lawyer or financial planner have a small business. You can use your expertise to maybe go to the local newspaper. And you know write a column

not have to pay for volt -- probably -- support also cross train your employees because there's turn over usually in a small business. It's good to have employees can do more than one job in case things don't. When when considering higher family members are businesses that you've been through -- there on the one hand. He usually trust him. -- the other hand one of the toughest things to do with business owner. Some -- part it's really hard to fire somebody that you're going to see every day. What you need to do is set ground rules . You must have ground rules with the founding members must know what their expectations are. And you must make it clear -- pleased that the founding member will be treated the same way without favoritism. And the family member must know that he can't take advantage of that family relationship I think the biggest mistake. That family our family member is that they hire their founding member who is not qualified for position. Personal I think any small business owner needs to know his business and so many times people get into business that it really you know all the details of

So. And you can take -- certain aspects of your home classes tax deductions . And sometimes that even enables you to stay home children at. Take flexible hours and -- if there's a lot of advantages

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if you -- truly be successful at what particular thing because what traits . You see and so if someone told me is you don't want. It got to the find out what is it that you want to do. Focused that laser beam focuses they've committed -- one thing. He took personal and professional joining. -- ups and downs but if you stay the course -- stay tuned to yourself. You will succeed. Don't put the businesswoman -- to -- with the Paris follow your dream state focus. You will go through it's difficult territory but that was hard

six months expenses once you start to cover. Later. -- that its operating expenses . Do you want to have a working capital gets the first six months in case sales are what you project isn't it. I would start list of small business development center and seek counseling jobs business plan. You know constant touch with -- administration SBA . We'll put -- in touch with the lender who works for the SBA programs. ESP program is what allows a lot of small businesses to obtain financing that they need to start businesses because the government will guarantee the loan. They're right inducing the bank to take risk they might otherwise take. They're going to need more than one facility there if you're gonna need perhaps term loan which is going to be for capital purchases. Such as equipment decade working capital and informed that you would be to purchase inventory and -- lot of credit. If you're gonna be purchasing real estate you'd be looking at a market which is perhaps twenty your facility. Really goes back to the size and scope that type of industry that you're getting into. Being mindful of where you spend your money to spend your money where it's going to produce returns preview. I I frequently counseled people not to purchase real estate I just starting. Can -- to release its final table much less risk and we'll begin a lot less dad. For more