Should you begin your new enterprise when the economy is strong or when the economy is in a recession? Consider what you can offer to your customers, vendors, subcontractors, or competitors. All businesses have similar concerns and responsibilities, including marketing, research, development, purchasing, production, management, accounting, human resources, and customer service. The man who can sell the most goods is the one who knows the weaknesses of human nature, and how to avail himself of them.

How green are your sales?

If they see something new and exciting (usually an aspect of technology) and foresee rapid growth (and a strong potential for high earnings), they may jump in and back a fledgling startup. It is best to have a VC firm s term sheet without ever stating what you believe the value to be. Become essential to the place, and you will rise in the place. Leaders make the necessary leadership decisions to get results they want.

Meet their commitments

Knowing your audience and its daily reality is crucial for every aspect of your business. Create financial targets. Competition from substitutes can occur at many levels, including product, ingredient, service, and convenience. Think of a CPA.

Not waiting for the phone to ring

Unless you are focused on making money, know what it takes to make a profit, and have systems in place to track and monitor your progress, it won't happen. If your sales at first are small, you can put in your spare time in the making of your goods, and afterward as your custom increases you can employ help. At higher levels of an organization, where employees are more concerned with strategic matters, decisions take more time to implement. Remember, if a supplier is selling to you on credit letting you take delivery of goods and pay for them later that supplier is, in effect, your lender.

Do you fight complacency or let your guard down?

Also list any potential or customer targets you want to go after in the next few years. If you come across as an overblown pretender, you can bet your plan will get short shrift. Scarcity doesn t mean that you will be running out anytime soon. Contrast that with a professional-services firm, such as a management consultant.

Insurance requirements for Customer Relationship Management

Your net worth is the sum of your total assets minus your total liabilities. These are written, measurable systems, goals, and targets for employees to follow. Your time is too precious to waste on small details. Your attorney, your accountant, and your insurance broker are all crucial members of your team.