@dieterdammeier
Dieter Dammeier
Practicing Overtime/Wage Law Attorney located in Rancho Cucamonga, CA. Graduated Magna Cum Laude from Western State University - College of Law.
https://dieterdammeier.com
Dieter Dammeier Outlines The Difficulties Of Running Your Own BusinessRunning your own business can be extremely rewarding. After all, you call the shots, and you're the one who benefits most financially when things are going well. But as experienced attorney Dieter Dammeier knows, being the head of a venture is not without its innate challenges. From hiring the right people to maintaining cash flow, here are some of the biggest hurdles faced by entrepreneurs. Learn to Delegate Tasks Learning to assign tasks to others can be hard, especially if you're the type that likes to be behind the wheel or you've worked a job where you couldn't delegate. The answer is to hire employees that you can trust, or at least outsource the work to reputable contractors. Maintain Cash Flow Having cash on hand to pay the bills (and yourself) and buy inventory is always a challenge when running your own business, especially when first starting out. The key to overcoming this problem is to stay on top of your invoicing, which is something you may need to delegate. Finding a Niche and Marketing to It Depending on what product or service you sell, you could be competing with potentially hundreds of others in your area. To overcome this, you may need a consultant to help you identify the right niche and the potential revenue from it. Deciding If and How to Grow Scaling your business – increasing its capacity to produce and sell products and services in a cost-effective way – can be a scary proposition. It comes down to your goals, which should be outlined from the start in your business plan. Overcome Fear and Self-Doubt Starting your own venture is a bit of a free-fall at first – and there's no one that's going to catch you. There will be times when you're stressed and campaigns aren't working like you expected, so you might be tempted to throw in the towel. Tackle one goal at a time and keep track of your successes, and don't be afraid to turn to friends and the business community for support along the way. Take some time and look at the source material of this video: https://medium.com/@dieterdammeier/dieter-dammeier-outlines-the-difficulties-of-running-your-own-business-420f908543c3?sk=1b21af7f9f00161cf3ba80bf39b65dc3 Dieter Dammeier is a practicing attorney with nearly 25 years of experience at every administrative and judicial level, including appearing before the United States and California Supreme Court. He graduated from Western State University, College of Law, in 1996 where he graduated Magna Cum Laude with a Juris Doctor degree in Law. He has published numerous articles in statewide and national labor periodicals. He is the author of a published article in the Harvard Law & Policy Review (Fading Rights of Public Employees) and current co-author of the Pocket Guide to the Public Safety Officers Procedural Bill of Rights Act. He has presided over 300 cases as a Judge Pro Tem in the Los Angeles Superior Courts and as a “fee dispute” arbitrator for the California State Bar. He also has experience as a Police Officer and Reserve Deputy Sheriff. For information please visit: https://www.dieterdammeier.com/ https://dammeierlaw.com/ https://www.facebook.com/Dieter-Dammeier-108592220687558 https://twitter.com/DieterDammeier https://www.linkedin.com/in/dieter-dammeier-56018b17/ https://www.crunchbase.com/person/dieter-dammeier
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