Banking, Accounting, Legal and Insurance

Frances Schagen
Small Business Academy
2 min readJun 25, 2018
Photo by rawpixel on Unsplash

What is the objective?

To set up your banking, accounting, legal and insurance requirements.

Why is this important?

Banking allows you to manage your money, accounting is the language of business to show you how you are doing and where your opportunities may lie. Legal and insurance help to protect you.

What do you need to know to do this?

You know what you need from your business and you know what business you are in and you know how you will be delivering your solution to your customers and you know what you need in a team to make that all work.

The Project

Set up your banking, your accounting, your legal and insurance needs. This sounds very simple when put this way, but there are complexities and nuances that need to be untangled. You need concentrated attention with the right guidance.

Help from professionals will make this project easier to navigate. Communication is key here, so make sure you are heard and you understand.

How will you you know you have succeeded with this project?

You will have all of these in place.

What is important to carry on to the next projects?

Once this work is done, you can turn your attention back to delighting you, your customers and your team knowing you have these requirements in place.

Every week I post the next Project. You are welcome to work on it here, ask questions in the comments, answer questions in the comments and let us know how you are doing.

For more resources, deeper discussion, personal, robust support and to get the Project Guides join the online Small Business Academy . Registration is open several times a year. Find out when the next registration opens and get “6 Stages to Starting and Growing Your Business” here.

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