It's a business entity, which is beneficial to a small business owner because it shields them from personal risk/liability should the business incur debts it cannot pay back or run into other problems.
If you own Samuelkcain's Candy Store as a sole proprietorship and have a bad year because kids decide they don't like candy, and you can't make your rent payments then your landlord could go after your house or other personal assets to get the money owed to him.
What about LLC business?
Re: What about LLC business?
The word company in limited liability company is pretty easy to understand, but the other two words are what trip lots of people up. An nh llc protects you from the financial liability incurred by the company. A very simple example: let's say your LLC buys some product and the vendor allows you to pay on Net 30 terms (i.e. payment is due 30 days from the day the product leaves their warehouse).
Re: What about LLC business?
If you are a professional salesperson, you know that not all sales take the same amount of time. Some sales are quick and easy. Others require a lot of time and investment.
Re: What about LLC business?
If you are looking for a way to build your own sales funnel, this article https://www.voilanorbert.com/blog/how-t ... pipeline// will help you understand the importance of a sales funnel, why it is important to outline your own sales process and how to do it. It also means knowing what to expect in terms of performance, including your percentage of closed deals and the total number of deals you expect to close.
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