business success tips

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Make sure you get paid

Business Success Tips

Running a small business that reaches success can at times be difficult, but not impossible.
Make sure you get paid

What good is being your own boss if you dont get paid for your work? Wherever possible, collect 10 (percent), 15 (percent) or 25 percent of your fee upfront, says Bostrom. Your clients reaction to that request will tell you a lot about whether theyre capable of paying you.Always use contracts, recommends Alan Siege, president and CEO of Small Business Management Consulting in Brooklyn, N.Y. Specify clearly what the deliverables are and what and when people will pay you and make people acknowledge it. By having a contract, youre saying that you play for real and that youre someone whose business people need to take seriously.

Be Consistent
Offer what people want to buy
Pay taxes if you must
Prepare to Make Sacrifices
Analyze Your Competition
Set aside self employment taxes
Test and measure everything
Accept that learning more equals earning more
Create the right legal structure
Think hard about whether insurance is necessary
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