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Brokers, salesman and flashy linguistics

Everyone is in business to make money. And whether you’re starting a new venture, expanding your business or upgrading your current infrastructure, there’s certainly no shortage of people who’d like to get a hold of some of your hard earned cash.

Branding

From an investment point of view, there’s typically a need to put up some kind of capital to get a business off the ground. There’s the building location, equipment, licensing and insurance, as well as overhead costs like salaries and marketing materials.

Business owners today have to be smart and strategic about where they put their money and who they say “yes” to. The questions that everyone should ask themselves are “Do I really need this?” and “How does it fit into my overall plan?” Impulse purchases can derail a business’ plan and can threaten to slow or even stop progress. Don’t ever feel pressured to sign a contract or make a purchase. If the deal is good today it will be still be there tomorrow.


Business Model & Blueprint Analysis

It’s always a good idea to have some kind of internal system of checks and balances. For example, if you need a vendor, bid the project out and get multiple bids to ensure you’re getting the lowest possible rate. And don’t be afraid to ask questions, get a second opinion or have another set of eyes look over a contract. At the end of the day, don’t let anyone make you feel as if you absolutely need something. If you do, simply walk away. The right decisions are the ones that you feel good about making and are fiscally responsible – not the ones where you suffer buyer’s remorse and put your business at risk.