Friday, October 23, 2009

Industry Associations Have Their Advantages

Owning a business is really tough. Even in good times there can be disputes with employees, new laws that leave you scrambling to comply, or increased competition that threatens to take the market share you've tried so hard to grab. So where do you turn when you need that little extra something to help you not only stay in business, but thrive? If there's one out there, you can join your industry's professional association! The benefits can be many and varied. For example, you might get free rent to own legal advice or get discounts on supplies because you're backed by the buying power of the association. Each association will be different, so check to see what sort of benefits you'll get in your area.

Another thing you might need help with is figuring out how to set your business up properly. Maybe you don't realize how to best take advantage of your tax situation or you're wondering about what ordinances you need to be following to make sure you're not opening yourself up for potential litigation. Your association may be able to help. For instance, they might be able to help you navigate and understand rent to own state laws or regulations that affect the import of goods that you are going to warehouse and sell. Many of the members in your association likely either have the same question you have or know the answer to your question. Use this resource, as it may be one of the most valuable you have!

Whether you're looking for a local artist's guild or rent to own state associations, you should probably get a feel for what the group has to offer before you jump in with both feet. See if you can attend some meetings or speak with a current member to understand better what you get when you join. You should get a feel for if the culture is one you'll like, and you can ask lots of questions about what the association is all about. Check to see if there are dues-and how much they are. An association may be exactly what you're looking for, but if it costs two grand to join, perhaps your money could be spent better elsewhere. No matter what you do, you owe it to yourself and your business to look into it!
By Alice Lane

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