Round Table
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Document Your Business
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The internet home internet business is not
unlike any other business in that it has suppliers, partners and
customers. It is important to keep track of what is going on. Suppliers,
opportunities, financial transactions, usernames and passwords. In fact,
every aspect of your business. Do not rely on memory alone.
Get into the habit of creating and maintaining records. You need to
know how every aspect of the business is performing at all times. You
need to know where your opportunities are. What is doing well and what
isn't? Where is money being spent? Where is money being made? Routine
record keeping will enable you to provide answers to these questions
with accuracy and speed.
As the business develops you just won't be able to remember
everything. Put your spreadsheet, word processor and database to work.
Documentation may be boring but at the same time it is absolutely crucial.
That
wasn't anywhere near as much fun as building the website but
necessary. Next is Protect with
business security.
