Well I made it through the Christmas season and New Years. For those of you who are curious I dropped very good hints on gifts and ended up with exactly what I wanted. I should probably hold a seminar for those who continue to end up with gifts they can’t use or don’t want.
At any rate once the New Year started it was as if I stepped on a banana peel and it’s just now slowing down a little to allow me to catch my breath. A few days of allowing my mind to rest and ideas where just flowing as I entered the New Year. Running your own business one must deal with the task of financials, budgeting, understanding how to explain the entries to your tax guy, and gearing up what promises to be a great year. Next thing you know it’s already the end of January and quickly flowing into February. The best advice I can give any business owner is self-control and hold back from allowing others to control you.
Yes, the year is full of promises and the mistakes of last year may be long forgotten but that is no reason to jump into something new without taking the necessary precautions. Take the time to do your due diligence no matter how promising the deal looks or how well you think you know the person. Just because someone makes a really good friend doesn’t mean they are going to make a good business partner. Also, just because they have had success in the past does not mean it will be duplicated. Find out how they had great success and if those factors are still available today and how they impact your venture. Michael Jordan was an excellent basketball player but if I were starting a bakery I probably would not have him as a partner.
In a nutshell, this is a very exciting year full of promise but don’t neglect using the smarts you gained from previous years. Do the due diligence and take your time.