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1. You should know your customers as well as understand the ins and outs of your business. Before a customer even walks in your door, you should be able to know all the different ways your business can serve them best. Take time to identify your target market. Create boundaries to maximize your marketing efforts and create standby plans for how you’ll eventually reach a greater audience over time. 2. A business plan is like a dres’ rehearsal for your company. Before you put everything into action, you need to know every detail of how your business will operate and how the operational scenarios will look. Be as detailed as possible, including finances, costs, products, business development, and contact points. Save time, money, and effort in the long run by having a well-oiled business plan with backup plans to support it. Additionally, a business plan can work like a compass, keeping you on track and oriented to achieving your long-term business goals. 3. For some, the admin side of the business is more tedious and less exciting than other components. Staying proactive and organized will alleviate stress and set you up for success later on down the road. Some types of paperwork you’ll want to have finalized for your business include a business license, tax ID, and insurance, to name a few. Create a vigorous organization routine to easy for you and others to navigate your administrative and clerical needs. Lastly, know the laws that affect your business and how you will operate in a law-abiding way.
