5 Signs You Aren’t Ready To Start A Business

19 Jan 5 Signs You Aren’t Ready To Start A Business

It’s not popular but someone has to tell the truth. Everyone isn’t cut out to be a business owner AND successful business owners do the work upfront to craft a solid foundation. Here are a few signs that might indicate you aren’t ready:

1. You are about to use LegalZoom to set up your business structure. Jamal Jackson of Jackson Corporate Law is a firm believer that the most successful businesses are not set up via LegalZoom. You can follow him here: https://www.facebook.com/jamal.jackson.12764
2. You don’t know what a DUNS number is and you are thinking about paying someone for it. DUNS numbers are free! I talk more about this here: https://youtu.be/ffMZ1GjAnl4
3. Piggybacking off of #2, you don’t know that your FEIN number is free as well.  Taxpayer ID numbers are just a way for the IRS to track you to collect more tax revenues – those will probably be free foreva!
4. You believe that you have to pay someone thousands of dollars to set up business credit. Granted, you could go this route if you had a few thousand to spare. But, if you are short on cash, then you better be long on time. I believe that if you dedicate a few days to studying business credit and you will be well on your way.
5. You are still using a free email service like Google or Yahoo as your business email address. I do recommend that the email address be branded with the company as follows – info@yourcompanyname.com BUT I will say that I personally know of a few businesses that are crushing it and they are still using FREE email providers.

You can join our 5 Day Start Your Business Challenge here: www.bit.ly/join5daychallenge