Business

7 key relationships that you should take care of before undertaking

This text was translated from our Spanish edition utilizing AI applied sciences. Errors might exist as a consequence of this course of.

Opinions expressed by Entrepreneur contributors are their very own.


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As a result of not solely does an entrepreneur stay with good needs, the dream of launching a startup needs to be a technique of “leaping”, sure, nevertheless it must also embrace planning to forestall your imaginative and prescient from changing into a nightmare.

With the top of the 12 months come numerous balances of what had been the 12 months left behind. Certainly the steadiness sheets start with the next sentence: “What a heavy 12 months.” It continues with: “Yearly goes by sooner” and there’s no scarcity of who, deep down asks: “Have they already deposited the Christmas bonus ?”

We are likely to put measures within the steadiness sheets and amongst them are our earnings, but in addition the style in our mouths that the 12 months that left us leaves us. So widespread are the sensations of bodily and psychological fatigue, the feelings that fill us with momentum are added, we’re inflated with concepts and beliefs after which the results of the steadiness is: “I’m going to start out a enterprise (to proceed an unbiased life and depart the Godín world) ”. It’s at this second, my esteemed entrepreneur, that you just face the largest resolution of your life and you’ve got two choices: launch your self “like Borras” or advance “by way of the pebbles.”

Now, I’m going to share with you the relationships that I contemplate most essential, based mostly on learnings obtained in previous adventures and from at present working in an excellent startup that’s on the eve of its sixth birthday and rising at full steam:

1. Your companion

Speak about your plans with her or him. Speak about it! By no means be stunned as a result of your funds are intently linked to these of your loved ones. Following the trail of the entrepreneur is critical for you, for your loved ones and for Mexico. It’s the surest path to financial development.

2. The Credit score Bureau

As my grandmother used to say: “It isn’t the identical to be taking part in, than to be in the bathroom” so don’t throw your self that quick. This can solely devour your power, your sources and your financial savings, when you’ve got them. At all times have an excellent relationship along with your credit and with the Bureau, which provides you a grade for the great or dangerous dealing with you give them. A great qualification means rising your prospects of financing for what what you are promoting wants.

3. Your accountant

“Enterprise that doesn’t develop will not be enterprise.” I heard this final 12 months and he cannot be extra proper. It’s essential to envision a development horizon. This implies doing all your homework, researching the market, planning funds, and constructing, because the Chinese language do, to your grandchildren. Many think about that an SA de CV is sufficient or maybe you have got already thought of registering as a pure particular person with enterprise exercise. Nonetheless, the tax regime is totally different and it might be {that a} SAPI, SOFOM or a CA will swimsuit you for what you are promoting. This is not going to solely profit your operation however it’s going to even be decisive for the longer term development of what you are promoting.

4. Your creativity

Your priorities throughout the first 12 months are: promote, assure high quality and your crew of collaborators. What you are promoting is born out of your creativity and it should be labored on day-after-day. It’s essential proceed your training, replace your self within the matters and data and abilities of your business. It’s common for entrepreneurs to hunt to put money into every little thing besides their creativity and preparation.

5. The IMPI

Registering all of your mental and industrial property is virtually shopping for insurance coverage to your manufacturers, concepts and your creations. These represent the principle asset of what you are promoting and as such have worth in your monetary statements. Accounting for them will increase the worth of the capital on which banks calculate the danger of the loans you’re going to request. Perceive this: a phenomenal model and emblem that does not promote are nugatory; An internet site will not be a enterprise (it’s a medium), simply as a “LIKE” will not be a sale (it’s a easy “LIKE”).

6. THE SAT and the IMSS

As Mexicans we now have to know that it’s doable to have a enterprise that grows even whereas assembly our obligations. However, when you do not comply, or “purchase payments,” you’ll be able to even find yourself in jail. Placed on a wage and don’t devour your income. In any other case you’ll create a enterprise that doesn’t develop since you are paying to your life-style. If what you are promoting doesn’t pay your wage (and that of your staff), you’re doing one thing fallacious. And when you began with out financial savings that, no less than, assure you a 12 months of sustenance, you’ll be able to have a horrible time.

7. Your insurer

Do your self a favor and purchase insurance coverage. Regardless of the dearth of a large insurance coverage tradition in Mexico, an sickness, a home hearth, a theft of your stock can imply the life or dying of what you are promoting and a household embezzlement.

You will discover a path wherein you’ll uncover new sides of your self. You’ll change the way in which you see your bosses, your collaborators, your funds and your nation. Congratulations, entrepreneur, as a result of whether or not your challenge is a film, a online game, a brand new technique of rising avocados or a college, you’ll begin a path filled with surprises and presents. It’s as much as you to make it straightforward for you as a result of it is usually a very powerful resolution of your life.

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