People put together teams for purpose of winning football games, building automobiles, and traveling into space, among other things.
One value of the team is that all team members have different roles, which when brought together provides the organization with a sum greater than its parts.
As an Oklahoma business owner, you need a team as well. The team brings skills and experience that you likely do not have. Who are the critical team members for the Oklahoma small business that wants to maximize its efficiency and effectiveness?
Accountant
For a business to be a long-term success, it must properly manage its money and ensure that it complies with all tax laws from the Oklahoma Tax Commission and Internal Revenue Service. An accountant (a/k/a “CPA”) brings tax knowledge and experience helping businesses comply with all tax laws.
Insurance Agent
No business expects things to go wrong. However, a prudent business owner knows that things sometimes go wrong anyway, often through no fault of the business owner. For these situations, insurance is critical. Not just any “insurance” but insurance coverage that meets your specific business’s liability needs. This is where an insurance agent comes in: You can draw on the experience of the insurance agent as to what type of insurance you need and how much coverage you need.
Attorney
Considering who authored this Blog Post, you are probably not surprised that an attorney made the team. Nonetheless, an Oklahoma attorney is a valuable team member because the attorney brings legal knowledge combined with experience. The attorney has seen many of the issues small businesses run into, knows the type of documents the business needs and can counsel the business on best practices to avoid legal issues. The attorney has answers to questions like: What type of legal organization should I be? How do I protect my business when employees leave?
Have you assembled your team? If not, why not?
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