Unique Content Article: Top 3 Business Start Up Tips

<h2 class = 'uawtitle'>Top 3 Business Start Up Tips</h2><br />
<div style='font-style:italic;' class='uawbyline'>by Max Andersen</div><br /><br />
<div class='uawarticle'>You have a business idea and are now in a position to start your enterprise. The funding is in place, you have premises and a business plan. What is left is the will to execute and implement your dreams, and in this you are entering exciting territory. But it is also very dangerous territory too, with half of new businesses failing within the first twelve months, and almost nine out of ten businesses going to the wall within the first five years. So, what can you do to minimize the business risk and maximize the opportunity for you?<br />
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Three Advisory Tips from the Business Start Up Trenches<br />
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Cash is King<br />
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In the rush to bring an idea to the market, budding entrepreneurs frequently fail to adequately plan for their cash flow. Failure to obtain adequate startup capital is a major reason for business failure, with the new venture being constrained because of liquidity issues. Also, being too optimistic with respect to sales and the length of time it will take to get invoices paid by debtors will place extreme pressure on your liquidity. Remember: as soon as you run out of cash, you are out of business.<br />
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Hire a Business CPA<br />
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A good accountant is invaluable in ensuring you know where your money is, which is very appropriate in light of our top piece of new business advice, i.e. maintain your cash flow. It is very easy to lose control of your finances in the frenzy typically associated with a startup, so having a professional who understands the challenges you are facing is an absolute necessity. A good CPA is also essential when it comes to handling the multitude of agencies associated with any business, notably the Internal Revenue Service (who are responsible for putting more businesses into bankruptcy than anyone else).<br />
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Establish Your Sales Function<br />
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Without sales you are going to be out of business as soon as your initial startup capital is expended. Nothing is more important to any business, even a long-established one, than the sales pipeline and you must establish an effective way to attract new business. How you do this will depend on your specific business, but you must establish a route to customers quickly and profitably. Do not confuse spending money on marketing for selling: selling is about taking money off paying customers, while marketing deals with more nebulous concepts such as branding or educational awareness which is not putting money into your bank account.<br />
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Top 3 Startup Tips Conclusion<br />
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Running a business is a challenge at any time, but for a new venture you must be on top of your game. You must maintain your liquidity and cash flow because you will be out of business as soon as you run out of it. To maintain business control and be certain of your cash position, you need an accountant who understands your business and the issues you are dealing with. Last of all, you must be sure to have a good sales person who can sell rather than just market your business.<br />
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<div style='font-style:italic;' class='uawabout'><br />
About the Author:<br />
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<div class='uawlinks'>Max Andersen writes about online marketing and recommends <a href="http://www.karlhindleseo.com">www.KarlHindleSEO.com</a> for Internet marketing.<a href="http://www.karlhindleseo.com/seo/search-engine-optimization/">Click this link</a> to find out more about SEO.</div><br />
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New Unique Article!<br />
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Title: Top 3 Business Start Up Tips<br />
Author: Max Andersen<br />
Email: karl4work@gmail.com<br />
Keywords: business, economy, commerce, marketing, management, investment<br />
Word Count: 509<br />
Category: Marketing<br />
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