YOU CAN’T MAKE MONEY DOING IT BY YOURSELF
By Anthony Reeves, Esq. (owner, The Reeves Law Firm (www.reevesfirm.com)
and the A.nthony R.eeves E.xperience (www.anthonyreeves.com)

Alright, so you’re there.  You’ve made the big decision to take the Nestea plunge and jump out there on your own.  No safety nets. No ropes. Nothing!!  You’re going to take all of your energy and effort and knowledge and you are going to lay it on the line. 

You feel great, everything is rolling, rolling and rolling.  You are running your operation by yourself.  You know, what I’m talking about right now.  You’re doing it all.  You’re the secretary and you’re also the receptionist.  You’re the human resources, you’re everything.   In the beginning, you had it all under control.                   .:read more:.

 

 Then, out of blue, the thing you hoped for happens.  You start getting business and you’re loving every moment.  Your phone is ringing off the hook.  You got orders coming in from all over.  Your schedule is full and you love it.

However, the success comes at a price.  Now, you find that you don’t have time to do any of those things you use to do.  You started your company as a solo proprietor but now you need to make it a company but you don’t have time to draft the paper work.  You need contracts prepared, but you don’t have time.  You are managing your books, but you don’t have time to be a bookkeeper.  You need to return calls, audit your records and mail out documents, AAAAAAAAAAAAAHH!!! You see the picture. 

At some point in time, you have to make that move to put the pieces in place so that you can RUN your business instead of working it.  You need an accountant to keep your finances in order.  You need a bookkeeper to manage your books.  You need a marketing representative to keep the money coming in the door.  You need an attorney to take care of your documents and legal needs.  You need a receptionist to answer the phone.  You need an employee to do the work.  Once you have all of these things in place, THEN, you can make money.

Now, I bet you’re asking yourself (trust me, I’m doing this now), where in the hell do I get the money to do these things.   Well, you better get yourself a business plan, a few friends, and a proposal because if you want to be around longer than a week, you will need to do so.  The biggest problem a lot of businesses have is that they do not plan beyond the next day.  They focus so hard on getting the money in the door that they don’t spend the time trying to plan to keep the money coming in the door for the next 5 years or 10 years or even 15 years.  As much as we hate to admit it, we are more interested in, RIGHT NOW than we are in RIGHT.

When you think about it, it’s all simple math.  If you are the boss, the employee, the receptionist, the bookkeeper, the accountant, the marketing representative, the collection agent, and the salesperson, you are doing the role of 8 people and there’s only one of you.  Don’t burn yourself out by thinking that you can do it all because in the end, you really can’t.

By Anthony Reeves, Esq. (Owner of the Reeves Law Firm, www.reevesfirm.com, and
A.nthony R.eeves E.xperience
, www.anthonyreeves.com)

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