The “Do’s and Don’ts” Associated with Starting an Internet Business
In addition to not quitting your day job, here’s my list of twenty things not to do before starting a business:
1. Don’t quit your day job.
2. Don’t incorporate. Seventy five percent of all businesses are sole proprietorships, and they already make money.
3. Don’t get a bank account. Your personal banking account will work just fine if someone wants to write you a check, or if you need to pay for something.
4. Don’t rent an office. Work from home. It won’t require a first, last and security deposit. Plus, it’s tax deductible.
5. Don’t hire an attorney. What’s an attorney going to tell that you didn’t already know, or couldn’t figure out on Nolo or in a good bookstore? There are only two times to call an attorney: if you’re in jail, or if someone else’s attorney contacts you.
6. Don’t hire an accountant. Quickbooks Simple Start will get you going.
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