tailieunhanh - Make Millions and Make Change 5

Make Millions and Make Change 5. This book focuses on a high-growth, small business theory with a particular emphasis on modern technologies and marketing. We feel these areas are often shortchanged in business academia but still offer the most opportunity for small businesses. Make Millions and Make Change! is a living document that can serve as your raw code to “get rich and serve the world.” It will be most effective if you are adding to it constantly, fine-tuning the elements that work best for you and eliminating those that don’t | Make Millions and Make Change Get Incorporated and Situated By now you are on your way with a business plan in hand and newfound free time to start your company. The next step is to hire a lawyer and other professionals because in order to operate properly there is a tremendous volume of documents to be processed properly and on time. This unavoidable bureaucracy could easily paralyze any business. It is critical to have a great lawyer who will expedite your paperwork and bail you out of some of the complexities in business. At first you may find that hiring outside counsel hourly is too expensive for your small business. In this case you should try to have a multidiscipline lawyer a generalist with a business edge directly on your team. This person can perform many management and legal functions and serve as General Counsel if she is qualified. In our experience we have found that over a long period early employees stock in a successful company will become worth much more than their hourly wages. With this in mind the lawyer on your team could get paid predominantly with incentive pay like stock options and therein agree to accept lower nominal wages which would help finance the company by not draining the bank account in the early years. You could apply this same incentive-heavy recruitment strategy when hiring an accountant or other professionals that you may require. Furthermore you can attempt to help defray other ordinary cash expenses for any vendor or partner by offering any of a wide variety of incentives that directly correlate with your own success. Having an aggressive lawyer and other professionals aligned with your financial best interests cannot hurt you unless you overpay. You should 40 Make a Winning Plan interview a number of professional vendors and choose the ones you favor. From that short list determine if any of them are interested in your alternate payment arrangement. Certainly the more past successes you have had the more likely they are .