Small Business Ownership Mistakes

One of the biggest challenges of being a business owner is structuring your business to your advantage.Are you aware of the repercussions of not being aware of what you do not know about incorrect ownership structuring? Probably not. Many of you hurriedly signed the forms put in front of you, and abra cadabra, a company was created!Did you start from an employee background and then leaped forward into the new title of business owner? Many entrepreneurs take this route into business.You quickly discover as an owner, like Superman, you were suddenly required to have x-ray vision, super human strength, unlimited endurance, ability to rescue friends, co-workers and strangers in distress with your psychic powers, have the speed of a bullet train completing customer orders all while handling the media with flair . . . and you were hoping you looked well groomed, rested, spotless and were thought of as fabulous all at the same time.…or not.You discovered your mistakes and limitations at some point, and they cost you time, money, business, and stress you did not need.Why do you need this book now?Over the years I have had the opportunity to see small businesses grow from little more than an idea to being highly valuable assets to own, enabling owners and employees to thrive.I have watched some of these same businesses, once thriving with so much promise, fail miserably. When the doors finally closed, what was left was worthless, or unsaleable.Something in the building and operating processes caused them to implode. What was it?An all too common mistake that can be avoided occurred when business owners made some mistakes that no one noticed in the single member or partnership ownership structure.Then reality stopped by one day.Many surprised owners found out that they were not psychic about managing a financial threat, seldom talked about until it was too late, looming outside the door.When these stressed out owners did get their valuable education on business ownership mistakes via the school of hard knocks and experienc