When Atlanta entrepreneurs decide that they are ready to take the next step in their business plans, they may find it helpful to go back to the basic facts of business. One source recommends following the advice of a business expert as entrepreneurs work through the business organization process. Seven facts are offered that entrepreneurs may find helpful.
First, entrepreneurs should remember that leaders must lead. Without direction and leadership the business can go nowhere. Second, owning a business means that entrepreneurs must control it effectively. Third, the first priority of entrepreneurs should be to ensure that the assets of the company are protected. Such assets may include patents, trade secrets, customer base, and more.
The fourth fact is that entrepreneurs should remember that planning is not a onetime thing in business, but rather is an ongoing process throughout the life of the business. Fifth, entrepreneurs must market their business in order to build a strong customer base. Sixth, entrepreneurs should remember that competition is alive and well in the marketplace and should prepare accordingly. Seventh, entrepreneurs must know about business, not just about their own business. Experts recommend that a working knowledge of the industry is important to success.
Building and growing a business in Atlanta is a multi-step process that moves beyond just the business organization phase. Experts suggest that entrepreneurs obtain knowledge in the areas of management, leadership and operations in order to be successful. Having a working knowledge of all aspects of business may help entrepreneurs be prepared for the road ahead as they start their journey into the business world.
Source: Huffington Post, “7 Facts of Business Life for Aspiring Entrepreneurs,” Marty Zwilling, Oct. 18, 2012