Advice for First time owners

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by a searcher from University of Tennessee - Knoxville
in El Dorado Hills, CA, USA

2yrs ago

Advice for First time owners

I figured this question would be a great topic we could all learn from. What is some good advice/warnings for first time business owners from closing your first deal to being successful for your first 1-2 years?

1 Like

169 Views

reply by a searcher 2yrs ago
from University of Wisconsin in Hopkinton, MA, USA

“We all live unplanned lives” — accept and expect the unexpected to avoid stress and sleepless nights worrying about DSCRs. Hope for the best but keep your feet on the floor, and relentlessly execute.

reply by a searcher 2yrs ago
from The University of Chicago in New York, NY, USA

Set up a regular time slot for mentoring to an experienced operator of the business model you are running. Bring the data and ask questions about whatever choices you have been making. Sort through with that operator/mentor whether your choice made sense, helped, or hurt. Keep in mind you might need more than 2 points of view. The questions are worth at least as much as any answers.