Honey & T



R-E-S-E-A-R-C-H (Find Out What It Means To Me)

I’ve never been my own boss or even had my own office (just a lowly cubicle worker).  Being a CPA, I’ve only been in a corporate environment and played along with a predetermined “ladder of success” – associate, senior associate, manager, senior manager and the ever-exclusive partner title.  I could get an MBT or MBA, but we all know that additional education means more money.  Money I don’t have to spare (venues don’t come cheap).

 

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Image via Barnes and Noble

 

Instead, I’ve chosen to replace it with good old fashioned, elbow-greased research.  I read Girl’s Guide to Starting Your Own Business by Caitlin Friedman and Kimberly Yorio.  True to my eco-friendly and money-saving mantras, I borrowed the book from the local library.

Unfortunately, I felt that the advice given in the book was too broad; what I was reading seemed to be common sense solutions, stuff I already knew.  However, in my opinion, here are a the most helpful takeaways from the book:

a)     When searching for a commercial property, check with the city and/or county first for “incubator” properties.  Some jurisdictions will give you subsidies for developing in certain areas.

b)    Be sure to consider the security of the property and its surrounding areas (especially important for females)

c)     If you’re renting a property, consider the common areas you may have to share with other tenants and who is paying for the upkeep of it (e.g. entryways, restrooms, toilet paper/towels, etc.)

d)    Again for renters, you have to consider a landlord’s flexibility regarding decorating the place.  Are you allowed to paint the walls?

e)     Inquire about tenant improvement budgets (i.e. how much is the landlord willing to spend to build out what you want)

f)     Annual rent increases

g)     If you decide to raise capital for your business through loans, make sure you have a plan for how that money will be spent once you acquire it.

h)    Register your website so that it will show up in web searches through websites such as www.addme.com

i)      Check with the city/county ordinance to see if health permits are required for your line of business

j)      If a property is open to the public, then a fire department permit is required

k)    Some cities require sign permits for putting up signs, so again, check with the local authorities on this one

All-in-all the book was not a terrible read.  I got some information out of it, and the introduction was definitely empowering.  Sometimes we just need a healthy reminder that goals are worth fighting for.

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