mcdonnough.us
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McDonnough.US is the personal brand for Steven McDonnough, a Certified Global Business Professional, who provides personal finance, entrepreneurship, real estate, and global trade related services.
What's up people! Just a quick update... See our GoFundMe page to donate... https://www.gofundme.com/f/ProfarmsFeeds
....not sure if I'm coming or going 🤷🏿‍♂️
Can't remember if I was a R&B singer or not 🤷🏿 circa 2007
Breakfast before heading to the site. Full day today...the study of our project's impact on the local community begins ...we start interviewing farm managers...and scientists come to check our water tables to ensure there's enough water for the catfish ponds 🤯
...I knew that there would be days like this
Every day give thanks @ Rwanda the Heart of Africa
As soon as you set yourself up as a legal business entity, you need to open up a business bank account. If
you haven’t sent up an actual entity, you’ll need to look into setting up a DBA (Doing Business Account).
Once your account is setup, all business purchases should be made through it. This creates separation
between your personal assets and business assets, it makes tax filing/accounting more simple, and is
critically important if you were ever audited.
If you’re not well versed in contracts, a contract lawyer can review the contract(s) you have, and verify
that they would hold up in court in case any issues arose in the future. Other areas of business ownership could benefit from the input of an attorney, too. You could go through a lawyer to set up an LLC, get input about copyrights and trademarks, and so on. Anything that overlaps with the legal world,
discussions with a lawyer could be beneficial.
If you have a physical office space for your business, you probably already have this covered. But, for those who run their business from home, having a designated space to meet with clients and prospective clients is important. If you don’t want to have new clients over to your house, it may be easier to familiarize yourself with virtual meeting options or support neighborhood cafes/shops.
Launching this "Prosperity Talk" video series is something I've wanted to do for more than 10 years... I hope you find value!
If your business receives a lot of email, it is very important to get a good organization system in place
from the start. Fortunately, this is easy enough to do with a small amount of effort. Using your email client, whether it be Gmail or another platform, set up folders by project. As you receive emails, you can move them into these various folders to reference again in the future. If using Gmail, more advanced users can even set up rules to redirect emails automatically based on certain criteria such as email address, words in a subject line, etc.
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It’s easy to think that in order to run a successful business, you need to multi-task all of the time. While
we wear many hats, we should always aim to wear only one at a time. With all the things that go into
running a business, doing it by yourself, with a partner, or a team of employees requires dedicated
attention to one task at a time.
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