mistake 1 - moving into a field that I didn’t study.understand it until you can explain it to a third grader 2- not understanding profits 3- the legal paperwork
Beginner enterprise Mistakes to avoid: 1) moving into a field without understanding the field 2) not understanding profit margins in business 3) The legal paperwork of business BONUS: being too critical of own self
Thank you for the all this info. I am working on starting a bar and looking for info on how to go about funding. Info on Small Business Loans and all the other possible ways of getting a loan or grant. Would be great if you could cover that! Thanks!
Bless you Bro. for sharing your knowledge and wisdom! It's amazing that you are doing it off the cuff-straight from memory and experience; keep up the good work and much prosperity to you and your Family.
If you had done what you said, gone straight into your current field, you would not have been able to share and tell that part of your story. Your experience in that season was for a reason.
I wasn't aware you guys did bookeeping, but that's awesome knowing you guys provide of that serviceon top of what you guys already do. I'm in the process of setting up my own business to where I'll eventually need bookkeeping. Hypothetically speaking, how do those terms and conditions exactly apply and also, any chance I could get some more info in those regards if possible as well... ?
I just secured an assume name through my county clerk office...do I work my business to revenue before I promote myself to getting a EIN number and LLC ? Because I was told that you can open up a business/ sole proprietor account at a bank without an EIN. I just wanna have my stuff together but I am confused on these things in feeling fully confident in business. If anyone knows or can give insight , please respond 🤗🍀
@@ChawletMelk yeah but If something should happen within her business won’t they come after her personal assets? Doesn’t having that LLC & EIN protect you from that happening?
@@AncientLuvsWEsotericKnowledge I was thinking that too.🤷🏽♀️ .you know what I'll just file for an EIN lmao and then get a small checking credit union account then imma let God do the rest 🍀. Thank you both for responding though 🤗
Can I invest money from my personal account into my LLC? How will that work? Can you make a video on that one please. PS. I followed your bank resolution advice and opened 6 accounts. I am into drop shipping e-commerce. Can you discuss that in a video as well. Thank you and I love watching your videos. Great advices you spreading around.