Introduction
Hey there! I’m Nathan Hirsch, the CEO of EcomBalance and Outsource School. You might know me from co-founding FreeUp.net with just $5,000 and scaling it to a whopping $12 million in yearly revenue. Today, I want to share with you some insights on creating a marketable business right from day one. Believe me when I say, it’s all about setting a solid foundation from the get-go.
The Power of a Bookkeeper & CPA
From my experience, having a bookkeeper and CPA on board from the beginning is like having a GPS for your financial journey. They help you navigate through the twists and turns of taxes, payroll, and financial statements. With their expertise, you can make informed decisions and avoid costly mistakes. Trust me, investing in good financial support is worth every penny!
Key Takeaways:
- A bookkeeper and CPA provide financial guidance.
- They help in making informed decisions.
- Investing in financial support is crucial.
Building the Right Foundation & Key Hires
When you’re starting a business, the foundation you lay plays a crucial role in its success. Hiring the right people for key positions is an essential part of this foundation. Surround yourself with individuals who complement your skills and share your vision. Remember, a strong team can make or break your business.
Pro Tips:
- Hire people who complement your strengths and weaknesses.
- Look for team members who share your vision.
- Invest in training and development for your employees.
The Truth About Exiting Your Business
Exiting a business is a topic often overlooked or avoided, but it’s a vital part of entrepreneurship. Whether you plan to sell your business, pass it on to a family member, or retire, having an exit strategy in place is essential. It’s not just about starting strong but also about finishing strong.
Point to Ponder:
- Have a clear exit strategy in mind from the beginning.
- Regularly revisit and revise your exit plan as your business grows.
In conclusion, creating a marketable business from day one is all about making smart decisions, building a solid foundation, and planning for the future. Remember, Rome wasn’t built in a day, but with the right strategies and mindset, you can build a successful business right from the start.
Isn’t it fascinating how the right steps can lead to a thriving business?