Are you setting yourself up for success or failure?

Whether you're just getting started in your new business venture or
are now a veteran of the entrepreneurial world, chances are you
could fall prey to the scary statistic that most start-up
businesses fail within their first year.

What is going to keep your business from becoming one of those
statistics? Are you setting yourself up for success or failure?

Wherever you are in your business, take a look at your
foundation. If you got into business and it took off quickly, you might have
overlooked some of the basic building blocks. Do you have the
appropriate legal structure for your company? Have you created
space in your life for this business (both literally and
figuratively)? Do you have a business plan that is easy to
understand by anyone who wants to do business with you? Do you have
the buy-in and support from your family to do this? Have you
arranged for the right help for your other responsibilities that
you can't/don't want to do anymore?

Without the right foundation and systems for running your life and
your business in place, you, your family and your business will
suffer.

There are volumes of resources on the web to support you. If you
haven't done so already, check the Resources page on my website
(www.mombizcoach.com) for some help in these areas.

Your business is too important to allow it to fail. Get the support
you need and build a foundation that will allow your business to
flourish.

Where are you in your business? Are you just starting out, or are you ready
to start over, or somewhere in between? What best practices do you have
around your business foundation that you could share with other entrepreneurs?

To your prosperity!