2016: Advice from the Experts
The new year is always an exciting time for businesses and entrepreneurs. A time to fully reflect on the progress or setbacks of the last year and begin planning for how to make this year your best. Reidel Law Firm always endeavors to give our clients and friends the best in both the legal and business worlds. I asked experts in finance, contracts, IT, and franchising for their advice to business owners in the new year. Read below to find out what the experts have to say about 2016.
Get it in Writing, It’s Not about Trust
The best way to preserve almost every business relationship and make them successful is to put your contracts in writing. People rarely start a business relationship intending to be unfair or unreasonable or to end up in a dispute. Putting your contracts in writing is one of the best ways to make sure things go smoothly and to avoid misunderstandings and disagreements. Putting contracts in writing has nothing to do with trust and everything to do with good business sense. A properly written contract that documents your agreement with the other party is one of the most important legal aspects of running a business. Think it through. Talk it through. And, write it down–with the assistance of your legal counsel. Use all of that time you don’t have to spend working out problems from ill-defined business relationships working on making your business profitable. You will be glad you did.
Susan Burns is a lawyer with spunk, who helps you cover your assets and protect your dreams. She believes that a business worth building is worth protecting. Her focus is on providing practical, sound business strategy and legal advice to entrepreneurs and small businesses. She founded Small Business Legal School – an online course that helps business owners understand the legal issues they need to be aware of and how to stay out of trouble and in the black. This is done through a series of live webinars with downloadable outlines that are chock-full of information (in understandable English), including how to save money when working with your lawyer. Small Business Legal School includes an expert faculty and is pleased that Schuyler “Rocky” Reidel is one of them.
Join us! www.smallbusinesslegalschool.com
Don’t get a geek, get an IT Advocate
In today’s highly connected and fast-paced world, IT couldn’t be more central to the success of your business. When looking for IT help watch out for geeks who are just looking out for their next service call. A geek will want to put bandaids on your IT problems instead of helping you avoid them in the first place. An IT advocate will help you transform your business through technology. It pays to have an IT advocate on your side who will help you put IT to work for you.
Datalys IT is a managed IT services provider serving Houston, TX. Through our program, our partners no longer have IT challenges, stresses, or concerns; giving them the freedom to focus on what is most important to them.
Have passion and outgoing concern for others. Inevitably with passion and outgoing concern for others you will have success. Don’t ever view your business as ‘how much money will I make.’ What must come first is the love for your customer. If you treat others how you want to be treated, you will succeed. Create a customer, not a sale.
Fund your retirement, I don’t see any excuse for anyone in America to not be a millionaire. If you are fully funding your IRA and other options, you will literally have millions of dollars by the time you are in your sixties, especially when you start in your early twenties. Simply fund your IRA every single year, you will have millions of dollars. I did and still do follow my own advice, I have invested money every year since I was 18 years old and it has paid an excellent dividend in my life. The keys are strategy, patience, and discipline. Everyone can do this, you have to set the goals and do it consistently and persistently over time. If you do this, with the small simple habits in life — success will be yours.
LCM uses historical, empirical and mathematical timing systems to manage risk and enhance return. Bill has spent the last 30 years researching the economic and market history of the past century. This combined with real time trading have produced computer based timing models that monitor intermediate trends for entry and exit points. LCM does not rely on emotional or subjective reasoning for trading decisions. Says Bill Lussenheide, “The crowd is almost always wrong at major turning points, and this is where the most profit can be made or lost. By using mathematical models, one ensures that they are never too optimistic or pessimistic at the wrong time. Emotions are the investors worst enemy!”
David Lee, Founder of AllStar Franchise
Give More in 2016
My advice for 2016 would be to give more this year. The more you give, the more you shall receive. I have experienced this in my own life and business. The more time you give, the more incentives you give, the more promotional giveaways you offer, and the more responsibilities you delegate — the more you receive in return.
AllStar Franchise is a Houston based franchise development firm. We offer turnkey solutions for franchisors: from franchise disclosure documents, franchise agreements, operations manuals, to employee handbooks.