Attention, New Business Owners:
Don’t Make That Fatal Mistake!
Just because you understand the technical work of a business doesn’t mean you can successfully run a business that does that technical work. That was the motivation behind PHCC’s latest webinar: “Congrats, You’ve Decided to Be a Business Owner! Now What?” To help you be among the successful statistics, Certified Public Accountant Michael Bohinc – who also serves as chief financial officer for his family’s business, Norhio Plumbing – provides priceless input on everything from getting a business started with proper legal and insurance considerations and developing a winning business plan to making a profit and assembling a powerful team of “superheroes.”
Congrats, You’ve Decided to Be a Business Owner! Now What?
Running a successful business requires more than technical know-how and a nameplate for the front door. CPA Michael Bohinc, who also serves as chief financial officer for his family’s business, Norhio Plumbing, provides powerful insights into growing a business that’s productive and profitable for the long term:
- Make sure you have the proper legal documentation, licensure, registrations, and insurance coverage. “You can’t go out there unprotected,” he says.
- Develop a business plan – or “game plan” – that defines your mission and vision; identifies strengths, weaknesses, opportunities, and threats; and sets goals and objectives (operational, marketing, and financial).
- Carefully consider how to price your services and calculate your labor and costs … so you can make a profit!
- Assemble a team of “superheroes” by defining roles and maximizing everyone’s “special powers.”
Most importantly, realize you don’t have to “reinvent the wheel.” PHCC – and your fellow members – can provide almost every resource you need! Find out how to tap into it … tune into the webinar “Congrats, You’ve Decided to Be a Business Owner! Now What?” available for on-demand viewing. Log in here.