There are a few steps business owners must follow to form an LLC in New York. First, entrepreneurs need to find the startup capital (BoeFly.com''s new "dating service" for banks and borrowers is a good start). Of course, business owners also need to file the necessary paperwork with the state. And actually having a functional product is a good idea, too.
But Martin Zwilling, CEO of Startup Professionals, says on the website Young Entrepreneur that a few basic business skills are the key to success. He should know - his 30 years of experience and contributions to Forbes and Harvard Business Review speak for themselves.
First, business owners must never take constructive criticism personally. Zwilling writes that successful entrepreneurs will actively seek criticism and advice.
When listening to said advice (especially when coming from relatives), the startup guru reminds business owners that patience is a virtue.
Business owners also need to thrive on risk-taking, rather than avoid it. Zwilling notes that no business is risk-free.
"Startups never ever go as you anticipated," he writes. "This is why you need to be ready to go ''off the script'' and improvise, and enjoy the thrill of victory when it works."
Zwilling notes in his bio that his passion (and his company''s line of business) is helping entrepreneurs; check out his blog Startup Professionals for more tips.
Tags : az, c corp, financial management, llc, s corp, small business management, tx
Posted: Aug 20th, 2010