John Seckel offers tips for starting a business

1. PRACTICAL TIPS FOR STARTING
A SUCCESSFUL BUSINESS
J O H N S E C K E L , P H I L A D E L P H I A

2. BUSINESS AND PERSONAL FUNDS
SHOULD NEVER BE COMBINED
MAKE SURE TO BUY ITEMS THAT HELP WITH DAILY
FUNCTIONS.
THIS COULD BE ACCOUNTING SOFTWARE, CLOUD
STORAGE OR ANYTHING ELSE THAT WILL KEEP YOU
UP TO DATE ONLY OUR COMPANY’S P AND L, OR
PROPERTY AND LOSS.

3. GET ENROLLED IN A 401K
BECAUSE YOU DON’T HAVE AN EMPLOYER BACKED
401K, YOU’LL NEED TO GET ONE ON YOUR OWN.
OPTIONS INCLUDE A SELF DIRECTED IRA, A SIMPLE IRA
OR SEP IRA.
CONTRIBUTION LIMITS CAN ACTUALLY BE HIGHER
THAN WITH AN EMPLOYEE PLAN.

4. BUY DISABILITY INSURANCE
THIS TYPE OF INSURANCE IS DESIGNED TO REPLACE
LOST INCOME IN THE EVENT YOU’RE NOT ABLE TO
WORK.
DISABILITY COVERAGE PROVES TO BE ESPECIALLY
VALUABLE IF YOU HAVE ARE SUPPORTING CHILDREN
AND/ OR A SPOUSE FINANCIALLY.

5. Thanks!
W W W . J O H N S E C K E L . O R G