John Kim Syncis is a successful entrepreneur who co-founded Syncis alongside his business partner, Les Schlais. Together, they built Syncis into one of the fastest growing independent marketing organizations in the United States. Like any entrepreneurial endeavor, the two had to stick to a budget and manage finances carefully. If you’re in a similar situation, you might want to…
Turn to Those Close – When possible, turn to those close to you for aid. Provided that you believe in your endeavor, friends and family might be willing to help you get the boost you need to launch. Be professional whenever a friend or family member helps you, though, as doing otherwise can destroy relationships. Fill out paperwork and treat all financial obligations as you would with anyone else.
Safeguard Your Shares – It’s tempting to boost your funds early in your endeavor by giving away shares in exchange for aid, but this can be a big mistake. Many entrepreneurs wish that they had safeguarded their shares until their endeavor was larger, instead of accidentally diluting their assets.
Think About Your Retirement – If you can, pause your endeavor to start saving for retirement. Having even a little put away for retirement can make a big difference later in life, and after you’ve started preparing, you can go right back to your endeavors. The difference is that you’ll return feeling more secure about your future.
The tips listed above are just examples of what you might learn if you speak with a Syncis associate during a pressure-free consultation. John Kim intended the company to offer friendly, easy-to-understand advice, and you’ll get just that during your conversation.