What steps should a business person take to avoid the pitfalls common to a small business?
Say this person has no experience at all with the business side only technical. Never went pass high school. His boss is retiring and want him to buy the company. What steps can he take to avoid the pitfalls common to a small business?
Only serious answers please………. This is important and I want to know what I might be getting myself into.
Thank you
Nicol
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Well then that person would have to learn a lot about business. Business is very complicated and indepth. You would have to learn all the terms and processes. While, I don’t know that much about business, I would recommend talking to the boss and asking him for help.
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Speaking in first person will be your first step.
Next, he will need to teach you everything there is to know. You may want to consider taking some classes at a community college. Managing a business is pretty complicated and many go under due to not being prepared.
An accountant to be loaded with and if the future.
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