How to Set Up and Run Your Own Business
I think it's important in life to be a success, and yet it is surprising how unambitious the career options propod by most schools (and some universities) are. They assume that you want to get a job and be paid a regular wage, have a mortgage, retire at a particular age, etc, but without making all this sound too much like the song "Choo Life", it has to be said that you really can choo your future and you really don't have to do the normal expected thing.
What would be nice would be to make a fortune and become immenly rich. Looking at this aim in a practical n, it soon becomes obvious that even if you get a well-paid job and work until you're 65 years old, you'll not really become truly rich. You don't get rich by working for someone el. A better plan is required. There are various ways of becoming rich: Winning the Lottery, but this requires luck. Being a STAR, but this requires star-quality and luck as well (more about this later). And then there's running your own business, which anyone with enough n and determination can do. You don't need to be brilliantly clever,
lucky, have star-quality, have an ancestry of entrepreneurs on both sides of the family, or be quite well-off to start with, although all the things help a bit. What really helps is getting a few things right, and now I'll go on to describe the things, in the general helpful hints and tips by Zyra
* The first myth to explode about running your own business, is the notion that to start any business requires a lot of money. This idea is believed by almost everyone, strange as it may em. Whilst it is true that some types of business require an enormous initial outlay, most only require a very modest initial investment, and some require virtually no money at all to start them off! It is quite practical to start a business with no more money than you spend on a Saturday night and end up eventually becoming a multi-millionaire.
形容友谊长久的句子* Don't get me wrong about this - becoming rich by tting up your own company is not a get rich quick system. Running your own business is harder work and requires longer hours than having a 9-5 job. It's not an "easy option". The point is that you CAN become immenly rich, not that it's easy. However, if you hate being poor, the extra work required to become rich may be worthwhile.
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* The esnce of running your own business with success is a matter of good planning. It is a strategic planning philosophy which works best, as en in the Direct Drive idea. You plan what you're going to do, work out what kinds of things might go wrong, and test the ideas out to e what's practical. If you play chess, apply that chess-playing logic to life and money, and you are likely to be a success.
* Determination is important. It's best to have an attitude of being persistent in working on your business. You have to keep on at it even though it's hard work and doesn't have any immediate reward.
* Accounting. It's not boring. There are two types: Tax accounting and Admin accounting. Tax accounting is done as follows: Collect all important-looking financial paperwork and put it all into a large bag. Look after this carefully and give it to your accountant.(There are two types of accountants: Tho that work for YOU and tho that work for the Tax Office. Make sure you lect the right type). Admin accounting is something you do yourlf, where you work out on the back of an envelope how much money you are gettin
g in and how much money you are spending. Every part of your business has to make n financially. So, if you're manufacturing something, it has to ll for more than the cost of all the parts (sounds silly, but I have en business where this was not so!).
* This idea of "Admin accounting" is important and extends into having a knowledge of the way money works. If you have a cash register/till （放钱的抽屉）with £1000 in it, a person with no capitalist n may tell you that you have made £1000. You've got to know this is not true. Your takings might be £1000, but if your stock cost you £800, then you've only "made" £200. Minus your overheads.神探亨特张
* Overheads are the cost of running a business, such things as electricity, property maintenance, insurance, fuel, the type of things that still cost money regardless of how much business is going on. Watch out for overheads very carefully. Keep them to a minimum if possible. I've en companies that take in huge amounts of money and yet still go broke becau their overheads are too big. But this is no cret threat that can creep up and bite you. You can quantify overheads and work out exactly how much money your company needs to make to cover them.
* Open a bank account but try to avoid paying "business rates" for it. Most banks have some kind of special offer on free banking with a current account. You don't need to pay for the privilege of paying cheques in, or any kind of monthly fee generally. If you can't find a bank account that's free, run your business from a building society account!
斯大林格勒大战* Avoid PARTNERSHIPS. Especially with your friends! If you decide you must have a business relationship with someone, make sure it's all written down and everyone knows exactly what they are suppod to do.
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* Limited liability(请财神责任). Whilst it's tempting to be a LTD company, this is often overrated and misunderstood. The advantages and disadvantages of being Limited are mainly not to do with the snazziness （时髦）of the company but are to do with investor insurance and formal management. It's often easier and less expensive to be a sole trader. In most capitalist countries, a person can declare themlves to be a company (not limited) just by stating the fact, and there is no official registration required. This is very good for business, as companies can be created ad-lib （即兴的）by would-be entrepreneurs and can succeed or fail on their own merits.
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