New Agency Owners can improve their odds by avoiding some of the common mistakes that hound those who seek to buy or start their own businesses. A few of those mistakes include:
• Starting an agency for the wrong reasons. Some people are drawn to owning an agency because they like the image that being an entrepreneur evokes – someone who is rich, famous, smart with lots of free time. That’s not exactly the best motivation, and the image they have in mind isn't going to mean a lot when the reality of what it takes to succeed sinks in. Often, these people are good at the technical work they do but ill-equipped to create, run and grow a agency.
• Taking advice from the wrong people. Anyone launching a new agency or buying an existing business or franchise definitely needs advice. But that advice should come from people most qualified to give it, and that’s not necessarily Aunt Stella or your friends from college. New agency owners need to make sure they have wise and learned people weighing in on each component of their business but it needs to be the right people. A lawyer shouldn't give advice on the balance sheet, and the accountant shouldn't weigh in on growth strategy.
• Underestimating the time requirements. Most would-be new surrogacy or egg donation owners probably assume they will work long hours. They are wrong. They won't work long hours. They will work long, long, long hours. Outside of an act of God or just blind good fortune, business owners work more hours than any other category of employment. That can take a toll. The good news is that, as the boss, you can come and go as you please, so I also recommend setting aside time for yoga and meditation. That will help keep you fit and perhaps relieve some of the stress that is especially high in the early weeks and months of starting your own agency.
These points are just the tip of the iceberg and that is why LaMothe (business consulting) Services are designed and developed to support your dream of owning your own agency. When you make an appointment for a free consultation, all information gathered is then formulated into a program specifically designed to resolve problem issues using LaMothe Services as your partner. We are willing to sign non-disclosure documents to make you feel comfortable in allowing us to assist you in managing and solving your most delicate business problems.
LaMothe Services specializes in Surrogacy and Egg Donation agencies and other Third Party Family Building Companies. We can also assist other businesses with customer service, organizational, social networking and marketing support issues. Call or e-mail LaMotheServices@aol.com for your free 40 minute phone consultation. Ask about our Fall Special that will end on November 30th. I look forward to hearing from YOU!
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