I don’t care how much you love doing what you do, you still have to handle the business end of managing your business. If not, it will catch up with you later.
You need to organize your paperwork. Stay on top of your financial obligations. Watch your budget, and by all means keep up with your taxes. You must make sure you have the necessary paperwork accessible and organized for your taxes—do not wait until tax time.
Be sure that your policies and procedures are up to date, and by all means pay your bills on time. Keep great records. Make sure you have good legal advice; you might want to check into prepaid legal. Last but not least, be sure you have the appropriate insurance necessary for your type of business. Contact your insurance company to make sure that your insurance needs have not changed.
