When you are working all the time chasing nickels and dimes, you don't have any time or money to help others or enjoy your life. Because credit unions are not-for-profit financial institutions, their focus is serving the financial needs of their members and not on making a profit. Now, thanks to the proliferation of social networking and online media, paid-for advertising is in crisis and free is not only possible, it is expected. Have an attorney who is familiar with partnerships help draft the paperwork so you are on the same page from the start and know exactly what is expected of each partner.

Maximize operational efficiency through Customer Service

Simply by having chosen to serve a niche versus a broader market will make it easier for you to come up with a strong USP. VCs, however, are less likely to provide equity capital to a seed-money-stage entrepreneur than they are to provide debt financing. Money and mind issues cause many aspiring entrepreneurs to remain indentured servants to their employers and can cause those who do break their bondage to soon return to the relative comfort of being employees. Don't forget to ask for the order!

Investors want big ideas

For example, you might want to prepare a contingency plan when you are seeking bank financing. Sound management and operations begin with a clear set of company guidelines specifying how you want to do business. The funds to reimburse the lender can be included in the overall loan proceeds. For example, a businessperson who once failed in pursuing a particular market or client might fear pursuing that market or client again; a decision tree can help show if such fears are reasonable.

Outline Customer relations policies

The developer has a business goal to find a certain type of property to purchase, in a general location, within finite financial parameters. You may need to consider several funding sources. For example, I bet you drive to work the same way every day! Forums can take a significant amount of time to build and attract enough members to generate considerable income.

Maximize and allocate resources to Advertising

So now what? Your team members need to know where they stand in order to meet your goals and expectations. For every customer inquiry, ask where they heard about your company. Fixed and variable costs both vary over longer periods of time.

Understand that the core product isn?t the end of the story

Over the last twenty years, the economy has created a stress on pricing and profits. Stocks are increments of ownership of a corporation. If you seek outside investors, understand valuation methods that determine what your venture is worth. The more you control, the less your people do for themselves.