Starting a business takes guts and knowing how to run a business requires persistence. We revealed the 9 Insider Tricks on How to Start a Company in a previous blog. You've powerfully chosen to start your business now you have to run your business like a machine or become another failure stat.

Startin' Off

If you started your business right you'll be able to run it tight. Failure to start a business the right way according to our blog results in the birth of Invisible Expenses™, the kind you don't know about that are killing your profits. There's good news for folks getting tired of hearing about Invisible Expenses™--they're one step closer to eliminating them. It's hard to stop bad habits and start good ones so its impossible to repeat this too many times. 

2 Simple Things

Failing to run a business the right way creates even more Invisble Expenses™ and before you know it your whole business gets out of hand. Even a conservative business failure rate of 50% in 5 years shows how fast it can happen. Success is a complex and subjective formula but one thing's for sure The Ultimate Paperless Back Office™ is the only way to start and run your business. Modern business boils down to how well you manage 2 things:

1) Cash 

2) Information

Best Blueprints

The businesses best at managing cash and information will dominate their respective industry. The best way to dominate is to run a business like a well oiled machine. The best way to get a well oiled machine is by mastering the mix of people, processes and technology. Great buildings cant be bulit without blueprints so why don't businesses have blueprints? Businesses can be more complex than buildings so they shoud have their own Back Office Business Blueprints™. 

Insider Trick #1) What: Digest the 36 Critical Business Startup Costs

Why: You need to understand what you're committing to when you start a business. Go into it with eyes wide open. Remember the single biggest expense item for EVERY business is Invisible Expenses™.  By the time they become visible it's too late.

Insider Trick #2) What: Follow the 9 Insider Tricks on How to Start a Company

Why: These steps impact the success of running the business after it's started. 

Critical: Even an existing business should go back and implement the 9 insider tricks. If the right perople, processes or technology aren't put in place the deficiency will keep repeating itself into a bunch of dead weight. 

Insider Trick #3) What: Invest in outsoucing your back office to maximize your business development. 

Why: Entrepreneurs tend to undervalue accounting, bookkeeping, finance and tax with a do-it-yourself solution. Operating on free advice or no advice is the most expensive advice as stated by Robert Kyiosaki. Research shows entrepreneurs don't want to deal with this stuff anyway so why do they take it on?

Critical: Outsource your back office and get virtual accounting services for your business. Traditional CPA firms are good at providing tax advice and doing audits but they aren't the best solution for running a 21st century business. Would you rather be buried in paperwork or get more business?

 TO BE CONTINUED