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    Business Bliss?: Ignorance: Liability or Bliss
    Business Bliss?: Ignorance: Liability or Bliss
    Business Bliss?: Ignorance: Liability or Bliss
    Ebook112 pages1 hour

    Business Bliss?: Ignorance: Liability or Bliss

    By Tobi McNeil

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    About this ebook

    Tobi McNeil has been associated with small business ventures since she was fourteen-years-old working with her entrepreneurial family. Through the years, she has witnessed various degrees of commercial success and failure. In her work as a college instructor and a business advisor, she has learned that start-up costs can ruin your business venture before it becomes operational.

    Packed with powerful stories of small business owners, McNeil presents diverse situations encountered by people starting their own small business. She lays out vital tools to help ensure the successful implementation and operation of a new small business, including: business and personal research; education; financial requirements; effective ways to promote your business; great ways to keep costs at a minimum; hiring employees; and tax obligations.

    Let Business Bliss? Ignorance: Liability or Bliss guide you through situations your business will encounter, minimizing problems and ensuring success.

    LanguageEnglish
    PublisheriUniverse
    Release dateMar 17, 2009
    ISBN9781440128233
    Business Bliss?: Ignorance: Liability or Bliss
    Author

    Tobi McNeil

    A college instructor and business advisor with APICS, Certification in Production and Inventory Management (CPIM), Tobi McNeil has worked with small businesses for many years and owns a consulting company, passionately advising on new business start-ups. She lives in Okanagan Valley in British Columbia, Canada.

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      Book preview

      Business Bliss? - Tobi McNeil

      BUSINESS BLISS ?

      IGNORANCE: LIABILITY OR BLISS

      TOBI MCNEIL, CPIM

      IUNIVERSE, INC.

      NEW YORK BLOOMINGTON

      Business Bliss ?

      Ignorance: Liability or Bliss

      Copyright © 2009 by Tobi McNeil.

      All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.

      The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

      iUniverse books may be ordered through booksellers or by contacting:

      iUniverse

      1663 Liberty Drive

      Bloomington, IN 47403

      www.iuniverse.com

      1-800-Authors (1-800-288-4677)

      Because of the dynamic nature of the Internet, any Web addresses or links contained in this book may have changed since publication and may no longer be valid.

      ISBN: 978-1-4401-2822-6 (pbk)

      ISBN: 978-1-4401-2824-0 (cloth)

      ISBN: 978-1-4401-2823-3 (ebk)

      Library of Congress Control Number: 2009924292

      iUniverse rev. date: 3/11/2009

      Contents

      ACKNOWLEDGEMENTS

      INTRODUCTION

      SMALL BUSINESS:

      TRUST AND INSTINCTS

      YOU HAVE A DREAM

      IGNORANCE IN BUSINESS

      IS A LIABILITY

      SALES ARE EASY TO FIND

      TAXES, EMPLOYEES, HONESTY, AND GOVERNMENT

      OTHER PEOPLE’S MONEY

      TO PARTNER OR NOT

      ADVICE FROM PROFESSIONALS

      TRUSTING YOUR COMMERCIAL LEASE

      GOOD BOUNDARIES KEEP QUALITY CUSTOMERS

      GET IT RUNNING AND SELL IT

      IT IS ALL ABOUT YOU

      HOW TO PLAN YOUR BUSINESS IN TEN NOT-SO-EASY STEPS

      REFERENCES AND BIBLIOGRAPHY

      IDEAS AND PLANS

      To my mother,

      Irene McNeil

      ACKNOWLEDGEMENTS

      Bonnie Bloomquist, my employee and friend has provided me with unmatchable support that every business person dreams about. I could not have done this without her.

      Geri Eakins, Linda Kemp, and Arlene Elliott are the most amazing counsellor/coaches on the planet. I will never be able to thank you all enough for showing me how to follow my dreams and get over myself.

      I owe deep gratitude to Michelle Nuttall, my wonderful employee. Michelle taught me patience and understanding and I am certain that I learned more from her than she ever did from me.

      I would particularly like to thank my sister Sheryn Krywolt for telling me she liked my book at a time when it appeared to be nothing more than personal journaling. I am still unsure how you did it but, you found a way to support me without acting like my big sister.

      My mom and dad showed me how to think for myself and how to go for it in business. I love you both very much and I miss you dad.

      And, I have saved the best for last. I dedicate this book to my loving spouse Greg Karandiuk. Having Greg stand beside through all of my business ventures has given me the strength and confidence to constantly move forward and become a better person. Thank you for being the comic director of this book and my life.

      INTRODUCTION

      GDK Solutions Inc. is the name of the corporation I created in 2002. The truck manufacturing business that I had worked at for the 5 previous years had just closed their doors and moved to another country. There were plenty of job opportunities available for me but I realized that if I wanted to be the boss, be the one in charge of making decisions, then I needed to open my own company.

      To have my own business was a very exciting thought and success was an absolute requirement. I had no intentions of becoming a negative statistic in the abyss of failed business. My research went on for 7 full months until I finally took the plunge and paid my first and last month’s rent to the landlord of the building that would house my business center.

      Now over 6 years later I look back and realize that I was one of the lucky ones to start a business, run it successfully and sell it for a profit. Lucky because my first year of business was a disaster and I had such a long way to go. My income was almost nonexistent, I was more stressed than I had ever been in my life, I was terrible at training employees, I was doing my own business books, I was taking a beating from existing clients because of my lack of confidence, and my father was diagnosed with terminal cancer,

      Just as I thought things would get no worse, I received a letter from the government advising me that I was about to be audited. If I’d thought I was afraid before, well now I was completely terrified. What was I going to do? How could I get around this? I didn’t sleep for one entire week. I was angry, frustrated, and depressed.

      Have you ever wondered why some business owners do the right stuff—you know, everything the experts say to do—and still fail; yet on the other hand, another business owner may appear to do everything wrong, and the business becomes a thriving success? The stories in this book are a tiny introduction into the world of small business, including different dilemmas that we all face while trying to juggle our families and our businesses. In today’s busy society, there is no specific, cut-and-dried how to on opening and running a business.

      However, this book is a wonderful and enlightening guide through the ups and downs that many small business owners face before, during, and after they open a small business. My hope is that it will open your eyes to the many variables in life that can affect a small business and help you see the correlation between your business or business ideas and your personal life.

      SMALL BUSINESS:

      TRUST AND INSTINCTS

      Often Heard Comment by New Business Owners:

      It would be wonderful to open a little business of my own, set my own hours, and make my own decisions.

      Reality:

      The effort put forth, skills learned, and decisions made in the first year or two of a business can determine whether a business makes it through a third year. It becomes apparent very quickly that running a small business takes time and knowledge—some people find it easy if they have the experience, but most are extremely challenged.

      My grandfather, Henry, an extremely healthy man for his entire life, phoned my mother to tell her he was on his way to the hospital, and she had better come. Henry was ninety-six years old when he cleaned up his house (a huge old farm house that he had built himself), drove to the hospital, checked himself in, and prepared to die. I believe he died that evening.

      I still shake my head and wonder how he knew what was happening. Then I realized he was doing what he had done all of his life—taking care of himself and trusting his own intuition, as he’d done in business, health, weather, finances, and farming. Henry understood something that we know little about today. He knew what made him comfortable and what didn’t feel right.

      Henry was likewise intuitive when it came to business. He knew that it was important to plan his business (his farm), and thus, he was able to make it during a time when other businesses were failing. And believe me; others were failing all around him. Henry’s business survived the Great Depression, when so many people were forced to walk away from their farms and move to the city to collect subsidies from the government. Henry grew up in a time and place that many of us will never be able to understand. With the help of my grandmother, Johanna, and their six children he farmed, raised cattle and chickens, grew his own vegetables, and built his own house. He couldn’t run to the store when he ran out of feed for his livestock because he provided the very food that the animals ate. He did not depend on the things that we take for granted like a corner store, the Internet, online banking, or fast food on every corner. Henry and his family all depended on what he knew and what he sensed, not just what the experts told him. He understood his surroundings and believed in himself, even when others told him he was wrong.

      Maybe Henry had fewer outside influences who gave him expert

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