Monday, 7 November 2016

Debra Oselett - Useful Tips for Entrepreneurs Investing in a Business or Starting their Own

Debra Oselett is a professional who believes in the work she does for the sake of her career, and for the sake of others as well. She is currently working as a practice administrator in a medical office, which is a position she has held successful since 2008. She manages an office consisting of forty members, while also developing and implementing policies that enhance productivity throughout the work place. She understands what it takes to manage an office, and she has an extensive background in accounting, budgeting, and finance in general. She is also a member of the National Association Medical Staff Services, and the MIMGMA. 

Before starting her position with the medical office as practice administrator, Debra Oselett owned and operated her own business in the accounting industry. It was called Balanced Pennies, and she offered full accounting services to small businesses in the area. As an entrepreneur, she knows how difficult it can be to start your own company, as well as grow it for the long-term future. Here are some useful tips for entrepreneurs. 

As an entrepreneur looking to invest in a business or start your own, you need to do your research. Research is an entrepreneur’s best friend because it helps them minimize the risk that they inevitably have to take with each financial decision. The most successful entrepreneurs in the business do as much research as they can in order to figure out whether an opportunity is worth investing time, money, and other resources. Figure out things like total cost, market projection, and customer information as well. 

No matter how much research you do, understand that there will always be risks involved in entrepreneurship. Risk is part of the job description if you’re looking to be your own boss, start your own business, or help other businesses grow through investments. Although you can drastically minimize the risks you take through research, you need to learn to accept risk as a part of the process, and enjoy watching those risks pay off in the future. 

If you’re an entrepreneur, don’t leave home without taking an idea journal. Entrepreneurs get inspiration for businesses all the time; they need to be ready to write those inspirations down in order to go over them later. As an entrepreneur, you need to be constantly thinking about the next step, the next big idea, or the solution to a current problem. Don’t lose a great idea simply because you had no way of writing it down when it came to you. 

Debra Oselett is an entrepreneur who started her own business, and grew it successfully for ten years. She picked an industry she knew a great deal about, and she was able to help small businesses for a decade before selling it in order to become a practice administrator.