7 key relationships that you must handle earlier than endeavor

This text was translated from our Spanish version utilizing AI applied sciences. Errors might exist as a consequence of this course of.

Opinions expressed by Entrepreneur contributors are their very own.

As a result of not solely does an entrepreneur reside with good needs, the dream of launching a startup must be a strategy of “leaping”, sure, however it must also embrace planning to stop your imaginative and prescient from changing into a nightmare.

With the tip of the yr come numerous balances of what have been the 12 months left behind. Certainly the stability sheets start with the next sentence: “What a heavy yr.” It continues with: “Yearly goes by sooner” and there’s no scarcity of who, deep down asks: “Have they already deposited the Christmas bonus ?”

We are likely to put measures within the stability sheets and amongst them are our earnings, but in addition the style in our mouths that the yr that left us leaves us. So widespread are the sensations of bodily and psychological fatigue, the feelings that fill us with momentum are added, we’re inflated with concepts and beliefs after which the results of the stability is: “I’m going to begin a enterprise (to proceed an impartial life and go away the Godín world) ”. It’s at this second, my esteemed entrepreneur, that you simply face the most important resolution of your life and you’ve got two choices: launch your self “like Borras” or advance “by way of the pebbles.”

Now, I’m going to share with you the relationships that I contemplate most essential, based mostly on learnings obtained in previous adventures and from at present working in a great startup that’s on the eve of its sixth birthday and rising at full steam:

1. Your companion

Discuss your plans with her or him. Discuss it! By no means be shocked as a result of your funds are intently linked to these of your loved ones. Following the trail of the entrepreneur is important for you, for your loved ones and for Mexico. It’s the surest path to financial progress.

2. The Credit score Bureau

As my grandmother used to say: “It’s not the identical to be enjoying, than to be in the bathroom” so don’t throw your self that quick. This can solely devour your vitality, your assets and your financial savings, when you have them. At all times have a great relationship along with your credit and with the Bureau, which supplies you a grade for the great or dangerous dealing with you give them. A great qualification means growing your prospects of financing for what your small business wants.

3. Your accountant

“Enterprise that doesn’t develop just isn’t enterprise.” I heard this final yr and he cannot be extra proper. You should envision a progress horizon. This implies doing all of your homework, researching the market, planning funds, and constructing, because the Chinese language do, to your grandchildren. Many think about that an SA de CV is sufficient or maybe you’ve got already thought of registering as a pure particular person with enterprise exercise. Nevertheless, the tax regime is completely different and it might be {that a} SAPI, SOFOM or a CA will swimsuit you for your small business. This is not going to solely profit your operation however it’s going to even be decisive for the long run progress of your small business.

4. Your creativity

Your priorities through the first yr are: promote, assure high quality and your group of collaborators. Your enterprise is born out of your creativity and it should be labored on daily. It’s good to proceed your schooling, replace your self within the matters and data and abilities of your business. It is not uncommon for entrepreneurs to hunt to put money into every little thing besides their creativity and preparation.

5. The IMPI

Registering all of your mental and industrial property is virtually shopping for insurance coverage to your manufacturers, concepts and your creations. These represent the primary asset of your small business and as such have worth in your monetary statements. Accounting for them will increase the worth of the capital on which banks calculate the danger of the loans you’re going to request. Perceive this: a lovely model and brand that does not promote are nugatory; A web site just isn’t a enterprise (it’s a medium), simply as a “LIKE” just isn’t a sale (it’s a easy “LIKE”).

6. THE SAT and the IMSS

As Mexicans we have now to grasp that it’s potential to have a enterprise that grows even whereas assembly our obligations. However, should you do not comply, or “purchase payments,” you may even find yourself in jail. Placed on a wage and don’t devour your earnings. In any other case you’ll create a enterprise that doesn’t develop since you are paying to your way of life. If your small business doesn’t pay your wage (and that of your staff), you’re doing one thing fallacious. And should you began with out financial savings that, at the very least, assure you a yr of sustenance, you may have a horrible time.

7. Your insurer

Do your self a favor and purchase insurance coverage. Regardless of the shortage of a large insurance coverage tradition in Mexico, an sickness, a home fireplace, a theft of your stock can imply the life or dying of your small business and a household embezzlement.

You’ll discover a path through which you’ll uncover new sides of your self. You’ll change the best way you see your bosses, your collaborators, your funds and your nation. Congratulations, entrepreneur, as a result of whether or not your venture is a film, a online game, a brand new methodology of rising avocados or a faculty, you’ll begin a path stuffed with surprises and items. It’s as much as you to make it straightforward for you as a result of it is usually crucial resolution of your life.