{"id":6778,"date":"2015-04-15T08:00:50","date_gmt":"2015-04-15T12:00:50","guid":{"rendered":"http:\/\/www.qcmakeupacademy.com\/?p=6778"},"modified":"2015-04-15T08:00:50","modified_gmt":"2015-04-15T12:00:50","slug":"starting-a-small-business-youll-need-their-help","status":"publish","type":"post","link":"https:\/\/www.qcmakeupacademy.com\/blog\/2015\/04\/starting-a-small-business-youll-need-their-help","title":{"rendered":"Starting a Small Business? You&#8217;ll Need Their Help!"},"content":{"rendered":"<p>Starting a small business can be a very exciting and overwhelming enterprise! It\u2019ll be a lot of work but don\u2019t panic\u2014we\u2019re going to help you get started on the right foot. As a business owner you will need to wear multiple hats. This list may be daunting but most entrepreneurs are eager to take on the challenge:<\/p>\n\n<ul>\n\t<li>Business Owner<\/li>\n\t<li>Brand Manager<\/li>\n\t<li>Customer Service Supervisor<\/li>\n\t<li>Relationship Manager (vendors, clients)<\/li>\n\t<li>Accounts Payables\/Receivables<\/li>\n\t<li>Marketing Coordinator<\/li>\n\t<li>Human Resource Manager (if you plan to hire staff)<\/li>\n\t<li>Executive Assistant<\/li>\n<\/ul>\n\n<p>You\u2019ll realize pretty quickly that the key to success is knowing your limitations. There are just some things you can\u2019t (or shouldn\u2019t!) do yourself. Here are a few professionals you\u2019ll want to consult with as you begin to build your business.<\/p>\n\n<img loading=\"lazy\" decoding=\"async\" width=\"738\" height=\"455\" src=\"https:\/\/www.qcmakeupacademy.com\/wp-content\/uploads\/2015\/04\/Business-Owner-Seeking-Help.jpg\" alt=\"Business Woman Holding Folders\" class=\"alignnone size-full wp-image-6790\" srcset=\"https:\/\/www.qcmakeupacademy.com\/blog\/wp-content\/uploads\/2015\/04\/Business-Owner-Seeking-Help.jpg 738w, https:\/\/www.qcmakeupacademy.com\/blog\/wp-content\/uploads\/2015\/04\/Business-Owner-Seeking-Help-300x185.jpg 300w\" sizes=\"auto, (max-width: 738px) 100vw, 738px\" \/>\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.qcmakeupacademy.com\/blog\/2015\/04\/starting-a-small-business-youll-need-their-help\/#Accountant\" >Accountant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.qcmakeupacademy.com\/blog\/2015\/04\/starting-a-small-business-youll-need-their-help\/#Lawyer\" >Lawyer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.qcmakeupacademy.com\/blog\/2015\/04\/starting-a-small-business-youll-need-their-help\/#Funders\" >Funders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.qcmakeupacademy.com\/blog\/2015\/04\/starting-a-small-business-youll-need-their-help\/#Insurance_Agent\" >Insurance Agent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.qcmakeupacademy.com\/blog\/2015\/04\/starting-a-small-business-youll-need-their-help\/#Business_Coaches_or_Entrepreneurs\" >Business Coaches or Entrepreneurs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Accountant\"><\/span>Accountant<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>Before starting a small business you will want to make sure your finances are in order, you\u2019re following tax law to the letter and you have the funds to support the business for a set period of time. This is where an accountant comes in handy.<\/p>\n\n<p>An accountant can look at your business plan to determine whether your business will be profitable, how long it will take to generate profits and what the best plan would be for minimizing loss and maximizing profit over the long haul. Once you\u2019ve launched your business you\u2019re going to be busy. An accountant can lessen your load by helping you establish payroll, track incoming\/outgoing expenses and file your taxes in April.<\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Lawyer\"><\/span>Lawyer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>There are always legal hoops to jump through when starting a business and consulting a lawyer is the best way to navigate them. First, you will need to decide whether you want a lawyer from a big or small firm. There are pros and cons to both. You\u2019ll find more one-on-one attention and affordable rates with a small firm. On the other hand, large firms will be more expensive and you\u2019ll spend more time speaking with the firm\u2019s staff then the lawyers themselves. Even so, large firms do hold more clout in the community and a larger legal team means you can meet all your legal needs under one roof.<\/p>\n\n<p>Once you find your lawyer, they can help you with a number of important tasks such as structuring your business to reduce personal liability, ensuring protection from unwanted litigation and minimizing your tax burden. Your lawyer can provide advice about licensing and regulations you may not be aware of and help you protect your intellectual property. And finally, you can look to them for help understanding the contracts you may be signing (ie. leasing agreements) as well as developing legally binding contracts for use with clients and vendors.<\/p>\n\n<img loading=\"lazy\" decoding=\"async\" width=\"738\" height=\"444\" src=\"https:\/\/www.qcmakeupacademy.com\/wp-content\/uploads\/2015\/04\/Lawyer-making-contract.jpg\" alt=\"Lawyer Writing a Contract\" class=\"alignnone size-full wp-image-6792\" srcset=\"https:\/\/www.qcmakeupacademy.com\/blog\/wp-content\/uploads\/2015\/04\/Lawyer-making-contract.jpg 738w, https:\/\/www.qcmakeupacademy.com\/blog\/wp-content\/uploads\/2015\/04\/Lawyer-making-contract-300x180.jpg 300w\" sizes=\"auto, (max-width: 738px) 100vw, 738px\" \/>\n\n<h2><span class=\"ez-toc-section\" id=\"Funders\"><\/span>Funders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>If you don\u2019t have all the necessary funds for starting a business then you will need to consult with outside funders. The first people to ask for seed money would be family and friends. Just keep in mind that mixing money with family\/friends can be dangerous for maintaining relationships! If you\u2019re not keen to ask for help so close to home, here are your other options:<\/p>\n\n<ul>\n\t<li>Banker: If you\u2019re planning on getting a business loan you will need to consult with a banker. You\u2019ll want to choose one with an understanding of business accounting from a bank you have a good track record with. Your banker will guide you through the application process and help maximize your chances of being approved for a loan.<\/li>\n\t<li>Investors: If you plan to ask for funding from outside investors you\u2019ll want to consult with them fairly early on. Investors like to be involved in the planning stages as a way to minimize their risk of loss.<\/li>\n<\/ul>\n\n<h2><span class=\"ez-toc-section\" id=\"Insurance_Agent\"><\/span>Insurance Agent<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>The type of insurance you will need as a business owner will depend on the scale of your business.  Will you have staff? Is your business home-based or will you have a public office? Will you be using your car for business purposes? An insurance agent can help tailor an insurance package to your specific business needs.<\/p>\n\n<p>You\u2019ll definitely want insurance for peace of mind. Insurance will allow you to protect your assets (ie. your vehicle, office space, equipment and yourself) and limit your risks. You\u2019ll be able to sleep at night knowing that you\u2019re prepared for the worst-case scenario!<\/p>\n\n<img loading=\"lazy\" decoding=\"async\" width=\"738\" height=\"445\" src=\"https:\/\/www.qcmakeupacademy.com\/wp-content\/uploads\/2015\/04\/Insurance-Agent-.jpg\" alt=\"Insurance Agent Holding Contract\" class=\"alignnone size-full wp-image-6794\" srcset=\"https:\/\/www.qcmakeupacademy.com\/blog\/wp-content\/uploads\/2015\/04\/Insurance-Agent-.jpg 738w, https:\/\/www.qcmakeupacademy.com\/blog\/wp-content\/uploads\/2015\/04\/Insurance-Agent--300x181.jpg 300w\" sizes=\"auto, (max-width: 738px) 100vw, 738px\" \/>\n\n<h2><span class=\"ez-toc-section\" id=\"Business_Coaches_or_Entrepreneurs\"><\/span>Business Coaches or Entrepreneurs<span class=\"ez-toc-section-end\"><\/span><\/h2> \n\n<p>Who knows the trials and tribulations of starting a small business better than successful entrepreneurs from your field? Business owners know the journey well and can give you some real-world insight on the pros and cons of being your own boss.  A business coach can pass on the knowledge they learned the hard way! You may even get referrals to trusted lawyers, accountants, bankers and insurance agents to help you get started.<\/p>\n\n<p>You will probably want to look outside of your location so you\u2019re not consulting with a business owner who\u2019d be in direct competition with you. However, don\u2019t stray too far since markets vary wildly from place to place!<\/p>\n\n<h3 class=\"highlight\">Get Going!<\/h3>\n\n<p>Now that you know who to consult as you build your small business you\u2019re ready to assemble your very own A-Team! Don\u2019t try to spread yourself too thin\u2014who has time to become an accountant, lawyer and insurance agent when you\u2019re starting a business?!<\/p>\n\n<h3 class=\"highlight\" align=\"center\"><i>If you have your own business and consulted other professionals we\u2019d love to hear from you! Please let us know who you had on your A-Team in the comments below!<\/i><\/h3>","protected":false},"excerpt":{"rendered":"As a small business owner, you&#8217;ll be responsible for many different positions in a business. Not only are you the owner, but you&#8217;ll also be your own brand manager, customer service supervisor, marketing coordinator and more! But there are some tasks for which you&#8217;ll want to assemble your own &#8216;A-Team&#8217; of professionals to help you with the things that you can&#8217;t, or shouldn&#8217;t, do! Check out this list of professionals you&#8217;ll want on your side!","protected":false},"author":3,"featured_media":6785,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[11],"tags":[],"ppma_author":[430],"class_list":{"0":"post-6778","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-your-makeup-career"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Starting a Small Business? 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