mistake 1 - moving into a field that I didn’t study.understand it until you can explain it to a third grader 2- not understanding profits 3- the legal paperwork
Beginner enterprise Mistakes to avoid: 1) moving into a field without understanding the field 2) not understanding profit margins in business 3) The legal paperwork of business BONUS: being too critical of own self
Thank you for the all this info. I am working on starting a bar and looking for info on how to go about funding. Info on Small Business Loans and all the other possible ways of getting a loan or grant. Would be great if you could cover that! Thanks!
Bless you Bro. for sharing your knowledge and wisdom! It's amazing that you are doing it off the cuff-straight from memory and experience; keep up the good work and much prosperity to you and your Family.
I wasn't aware you guys did bookeeping, but that's awesome knowing you guys provide of that serviceon top of what you guys already do. I'm in the process of setting up my own business to where I'll eventually need bookkeeping. Hypothetically speaking, how do those terms and conditions exactly apply and also, any chance I could get some more info in those regards if possible as well... ?
If you had done what you said, gone straight into your current field, you would not have been able to share and tell that part of your story. Your experience in that season was for a reason.
I just secured an assume name through my county clerk office...do I work my business to revenue before I promote myself to getting a EIN number and LLC ? Because I was told that you can open up a business/ sole proprietor account at a bank without an EIN. I just wanna have my stuff together but I am confused on these things in feeling fully confident in business. If anyone knows or can give insight , please respond 🤗🍀
@@ChawletMelk yeah but If something should happen within her business won’t they come after her personal assets? Doesn’t having that LLC & EIN protect you from that happening?
@@AncientLuvsWEsotericKnowledge I was thinking that too.🤷🏽♀️ .you know what I'll just file for an EIN lmao and then get a small checking credit union account then imma let God do the rest 🍀. Thank you both for responding though 🤗
Can I invest money from my personal account into my LLC? How will that work? Can you make a video on that one please. PS. I followed your bank resolution advice and opened 6 accounts. I am into drop shipping e-commerce. Can you discuss that in a video as well. Thank you and I love watching your videos. Great advices you spreading around.
![The Formula To Paying Yourself As A Business Owner [Exact Steps]](http://i.ytimg.com/vi/lPug59I9BY0/mqdefault.jpg)
"Don't have business conversations with consumers"... Woooooo #Powerful
mistake 1 - moving into a field that I didn’t study.understand it until you can explain it to a third grader
2- not understanding profits
3- the legal paperwork
Beginner enterprise Mistakes to avoid:
1) moving into a field without understanding the field
2) not understanding profit margins in business
3) The legal paperwork of business
BONUS: being too critical of own self
Wardrobe always on point brotha! Good stuff ✌️respect from Cali
This is an awesome video!! Thanks for sharing. You brought a lot of clarity and information!!! Sending much peace and blessing to you and yours!!
Thank you I appreciate your channel I’m a new small business owner! God bless you and your team!
18 minutes and I came in at the 18th like. It’s great to share your channel and information. Feels good to help people support your vision.
Might as well go ahead and like and comment before the video this time my G never miss always gems.
I'm learning so much from Prince Donnell. You're a beacon of light man, thanks.
Thanks for sharing your knowledge on this topic and I truly appreciate it.
Thank you for sharing your ideas. You’re truly an inspiration😊
Thank you for the all this info. I am working on starting a bar and looking for info on how to go about funding. Info on Small Business Loans and all the other possible ways of getting a loan or grant. Would be great if you could cover that! Thanks!
Just started my llc and glad i found this great channel!!
As usual, thanks for the wisdom and great content!
Knowledge is Key to success, and I really appreciate you sharing, thank you so very much
RUclips does more great training, than any employer I've worked for does. Great job and taking a lot of your advice.
This topic was golden. I’m beyond inspired!
Almost at 75k,Congrats,👑🌟💯
Lml, I love you bro, but your self projection is on point.
Hi when do you recommend seeing a tax attorney to set up your legal paperwork? Are there key components to consider before looking for professionals?
Hello, can you do a video on the different types of Trust funds?
Can you do a video on how to treat start up costs for new businesses?
Who else comes for the information but stays for the eyes?
You
Dude good job. Thank you.
Can you please do a video on trademark and copyrights
Man... You have amazing eyes👁👁💘‼️
Thank you for sharing this information
Very helpful! Thank you
Bless you Bro. for sharing your knowledge and wisdom! It's amazing that you are doing it off the cuff-straight from memory and experience; keep up the good work and much prosperity to you and your Family.
These are great tips
I wasn't aware you guys did bookeeping, but that's awesome knowing you guys provide of that serviceon top of what you guys already do. I'm in the process of setting up my own business to where I'll eventually need bookkeeping. Hypothetically speaking, how do those terms and conditions exactly apply and also, any chance I could get some more info in those regards if possible as well... ?
You’re such an interesting man.
Your father in law sounds like me 🤣
Ok so on the legal paperwork how do you go about creating terms and conditions and refund policies?
Dropping gems regardless
Could u please give an example of all the legal paperwork needed?
Gold! 💫💫💫
Appreciate this information
If you had done what you said, gone straight into your current field, you would not have been able to share and tell that part of your story. Your experience in that season was for a reason.
Thank you so much..
Awesome tips..
Hey appreciate the info do you do provide classes can you help me out
Whats's the name of the tax book you referenced?
What do you mean insurance on your Company I have a business with doing clothes how can i find insurance for my machines ?
Thank you donnel
Great content
We going do everything by tablet and computer.
You are amazing
I just secured an assume name through my county clerk office...do I work my business to revenue before I promote myself to getting a EIN number and LLC ? Because I was told that you can open up a business/ sole proprietor account at a bank without an EIN. I just wanna have my stuff together but I am confused on these things in feeling fully confident in business. If anyone knows or can give insight , please respond 🤗🍀
You can use your SSN instead of an EIN
@@ChawletMelk yeah but If something should happen within her business won’t they come after her personal assets? Doesn’t having that LLC & EIN protect you from that happening?
@@AncientLuvsWEsotericKnowledge I was thinking that too.🤷🏽♀️ .you know what I'll just file for an EIN lmao and then get a small checking credit union account then imma let God do the rest 🍀. Thank you both for responding though 🤗
@@apsalmsbeat oh cool, I was told that & in case o was told something wrong as well….just asking
Go back to the Foundation Group this year to run my nonprofit taxes but do you do taxes for nonprofits
Can I invest money from my personal account into my LLC? How will that work? Can you make a video on that one please. PS. I followed your bank resolution advice and opened 6 accounts. I am into drop shipping e-commerce. Can you discuss that in a video as well. Thank you and I love watching your videos. Great advices you spreading around.
I’m a year and a half in
Paper and pen in hand
🗣🗣🗣
💛💛
What was your major / college ?
Or mom dukes bought u everything with silver spoon???
Can your team help me with my business
You forgot to add scamming people