Excuse me, but being in business for yourself does not mean going it alone.
Most entrepreneurs with whom I deal are quite concerned about costs. Rightfully so, as underestimating expenses is a significant reason why many small business ventures fail.
Entrepreneurs often try to skimp on professional fees. Saving money on lawyers, accountants, and business coaches may be a tempting target for the budget axe. And, it is true that there are ways to monitor costs for professionals. Nevertheless, assembling a top-notch team of advisors can be an important step towards the success of your business. This is certainly an area where the old adage, “an ounce of prevention is worth a pound of cure”, truly comes into play. Isn’t it better to pay your accountant to help you set up an accurate bookkeeping system in advance, rather than paying her to defend you from an IRS audit in the future?
For a humorous look at how NOT to hire an accountant, or any other professional watch my video at http://www.youtube.com/watch?v=u8o2kTo0dfY.