Now that you are legal, listen to part 2 of our series on building a business on Innovators. Most small start-ups hate this even more than legal. We call this financials, accounting, books and believe it or not, we add in CRM ? customer relationship marketing. Lets face it, you need to keep score in your business just like one would play any game. There is nothing worse than finding out you lost the game but are still playing (think, spending money). Jamies first company, CTR (Complete Technology Resources) was built correctly. We use this as a base for building Proactive Business Network.
This discussion will show you how to set up your most favorite part of your business ? setting up and mailing invoices for payment! Lesson for all is to have the owner go through the entire billing, payment and recording process (this is where the CRM comes in handy) so the owner sees the entire business flow. Is it in control? Are there any places where someone could steal from you? Jamie and Tom share some simple tasks, questions and processes that you can employ to get your business to manage its cash and ensure your finances are secure from day one. Know what to keep in house and what to outsource. Start with very simple software and systems as you will outgrow them later ? a good thing – as your business matures. An ancillary benefit? – You can minimize your tax bills and tax preparation expenses if you employ these kinds of techniques.
