Easy methods to run a enterprise.
In case you’re making an attempt to study enterprise administration and Google the time period, you’ll get a ton of articles about managing a group, advertising, operations… all directed at individuals operating corporations.
Whereas the rules are the identical for a one-person enterprise, the way you implement the rules is vastly totally different. You’re not interacting with a group (which, many solopreneurs would take into account factor!) and you can also make choices rapidly. On the flip facet, you don’t have anybody else to supply experience or a special perspective; it’s simply you.
I spent years on the manager group at a tech firm earlier than I branched out by myself. Due to my function, I noticed the ins and outs of operating a enterprise.
Listed here are some key enterprise administration fundamentals that I’ve utilized to my very own enterprise — and extremely suggest to anybody trying to create a stable basis.
You want a contract for any venture. Interval. The dearth of a contract (or unclear contract phrases) is the way you’ll get screwed over. Or just find yourself doing work that you simply hadn’t deliberate to do.
Right here’s an instance from my company days. I wrote contracts for customized initiatives that allowed 20 hours of labor. As my group acquired extra…
