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This rapidly evolving coronavirus (COVID-19) has imposed a fluid situation upon our community and its businesses. The team here still aims to maintain a “business as usual” approach, we are still meeting with clients in person. We are also offering video and telephone appointments to all our clients.
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The Biggest Mistake New Businesses Make

Posted on August 14th, 2017

Preventing Business Failure

The single biggest mistake we see when we help clients set up a new business is they forget about their own personal financial accountability to their business. They don’t set their personal budget. They and their families are spending money as usual and they miss budgeting for the company. They forget their company can only sustain a certain personal budget. If your personal budget can’t match with your business, your business is going to fail, guaranteed. You’re the only person who can ensure your personal and business budgets are properly set. Please, please, please folks, remember before you start a new business, set your personal budget! Set the lowest case scenario, set the highest case scenario, you’ll fall somewhere in-between most likely. But be realistic with yourself, what is the lowest you can go to sustain your personal life, your family, and your business? And always remember to take taxes out of your profits!

Stop by our Helena office, 950 North Montana Avenue, or our Bozeman office, 504 West Main Street, to make an appointment to speak with a business law attorney today!

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