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Keeping Your Business in Business

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The following is an advertisement from Adventure Financial.

You’ve seen it happen before. An exciting new business opens up, people flood to visit and within months it never opens its doors again.  Often this happens due to one word – BURNOUT.

Having a plan in place will help your business stay open for the long-term.  Here are a 5 points to consider to KEEP YOUR BUSINESS IN BUSINESS:

1. Meet with a Business Consultant

Meeting with a Business Consultant will give you the opportunity to discuss how your business will operate, your ideal lifestyle and goals, and plans for maintaining profits. A Business Consultant at Adventure Financial can meet with you before you even apply to DoCL, help develop your Business Plan, write up a Business Proposal for your application, and stay in touch with you for all your questions.

2. Be money wise and money ready

Having your finances in order means you will be ready to implement your Business Plan instead of sacrificing time scrambling to get money together. Businesses are expensive and the average business start-up costs around $200,000 including renovations, marketing, and imports. Whether you’ve raised enough money yourself, are looking for investors, or need a small business loan, Business Consultants at Adventure Financial can help you plan for your business expenses.

3. Have someone manage your Transaction Sheet

Afraid of being audited? Find spreadsheets boring? Hire a Business Consultant to handle your Transaction Sheet – aka General Ledger. By leaving the grunt work to the professionals you will have more time for what you enjoy about your business. At Adventure Financial, every Transaction Sheet client receives a free monthly consultation that provides an overview of your profits, where you are overspending, and advice on manageable changes to keep your business sustainable. As well, all accounting is “audit ready” with your bank balances reconciled so you won’t need to pay additional fees when audited.

4. Hire a team and delegate tasks

Business owners often burn out because they try to do everything on their own. By hiring a team and letting others perform tasks you don’t enjoy, your personal fulfillment may keep your business alive for the long run. A good team is hard to find and that’s why hiring a Business Consultant at Adventure Financial will give you the help you need to put your team in place.

5. Revisit your plan often

No matter what avenue you take for your business, it’s important to revisit your plan often and be honest with yourself about what works and what doesn’t work. Small changes now lead to big changes in the future.

So stay positive, follow your passion and dreams, and if you want to make the process easier, call a Business Consultant at Adventure Financial today!

Reeta McNeal is the CEO of Adventure Financial: a bookkeeping, business consulting, loans and investment firm located in Downtown Los Santos. For a free consult, call: 839-874-4032 or visit bit.ly/adventurefinancial

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