Business Setup

Starting a business involves various considerations and challenges. Here are some insights from Jordan Harbinger on the topic:

1. Personal Website Benefits:

   • Creating a personal or business website can help set you apart and showcase your work professionally. Services like Squarespace make it easy to do this without needing to code. A website can help cement your personal brand and build credibility 1.

2. Affordable Legal Help:

   • Legal services are crucial for new businesses. BizCounsel offers affordable assistance, including unlimited consultations with a dedicated attorney for $89 a month, which can save you significant legal fees 2.

3. Tax Preparation Tips:

   • Using tools like QuickBooks Self-Employed can help track income and expenses, making tax preparation more manageable. It's also recommended to keep your personal and business finances separate to avoid complications during audits 3.
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       1

       Personal Website Benefits

       00:46:55
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       2

       Affordable Legal Help

       00:15:53
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       3

       Tax Preparation Tips

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       4

       Taking Business Risks

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       5

       Business Acquisition Struggles

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4. Taking Business Risks:

   • The fear of failure and imposter syndrome are common when starting a business. It's important to weigh risks and consider the potential consequences for your family and financial security. Balancing these risks with the opportunity for a more fulfilling and prosperous life is essential 4.

5. Business Acquisition Struggles:

   • Acquiring an existing business can come with hidden challenges. Ensuring accurate financial data and understanding the company's health is vital. Unexpected issues might arise, so preparedness and due diligence are key 5.

By implementing these insights, you can better navigate the complexities of setting up your business and increase your chances of success.