Monday, January 12, 2009
Get Your Business Off and Running - Firm up your Future
3."Firm" up your future.
Assess and mitigate the risks. Risks can only become surprises if you avoid honest self-evaluation up front. Keep in mind that risks can't be mitigated if they're not acknowledged. Do the required legwork to shore up your plans ahead of time.
As you create your future plans, consider both your short-term and long-term goals.
Think about business growth and all the ramifications such as your need for cash or talent to help you grow.
Contact an expert at your local Small Business Development Center (http:www.sba.gov/sbdc) to review your plans with you. Have someone help you with your pro-forma financials to make sure your cash flow will remain adequate to execute your dream.