As your business coach, I am also going to remind you that starting an LLC or a corporation is the foundation for growth. You should not build your business empire on top of a sole proprietorship because there's no separation between you and the business."
- Asha Wilkerson, Esq.
Episode Summary:
As we start a new year, there are five mistakes many new business owners make that I want to review with you so that you don’t make them yourself.
The advice I’m sharing with you today are things I wish someone told me when I was first starting out building my business. Understanding these mistakes will help you build your business on a strong foundation and enable you to thrive and prosper into this new year.
What You’ll Learn On This Episode:
- [03:13] Creating pace to rest and rejuvenate
- [04:07] Mistakes new business owners make
- [04:28] Mistake #1: Waiting to file an LLC
- [05:40] A rule of thumb for any business
- [09:08] Mistake #2: Not finishing the proper business formation paperwork
- [10:25] Following through with these other important steps
- [12:40] Mistake #3: Not paying quarterly taxes
- [16:08] Mistake #4: Not building an audience before launching a business
- [18:40] Mistake #5: Getting distracted
Resources Mentioned:
- Learn more about the TRANSCEND Community
- Need help forming your LLC in California? Check out From Me to LLC
Connect With Us:
- On Instagram | @ashawilkersonesq
- On Facebook | @ashawilkersonesq
- Connect with Asha on LinkedIn!
- Subscribe to our YouTube channel!
Coming soon.
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