In a recent interview, Howard Shwiff, the co-founder of Shwiff, Levy & Polo, LLP, explained what he wished someone had told him before becoming a founder.
Howard Shwiff: 5 Things I Wish Someone Told Me Before Becoming a Founder
Define Your Boundaries
The first thing Howard wished he knew is learning to say ‘No’ and defining his boundaries. He underscored the need for entrepreneurs to master the art of turning down requests.
Entrepreneurs should avoid the temptation to try every idea they have. Not all ideas are good for business. It is critical to evaluate ideas thoroughly and only implement what seems viable for the future of the business.
Understand the Business From Different Perspectives
According to Howard Shwiff, entrepreneurs need to learn how every aspect of their business works. That’s a secret to running a business successfully. By understanding every process that contributes to the bottom line, the business owner will know how to handle a crisis in any unit of the business.
Have a Reliable Team
Howard wished he understood the significance of having a solid team before he founded his company. Business owners need to realize that they cannot handle every aspect of their business effectively. For their business to prosper, they must hire the right people to run various departments.
A Solid Support System is Essential
Howard could not emphasize enough the importance of entrepreneurs having a reliable support system on their side. Everyone needs someone to cheer them up when things get tough, and entrepreneurs are no exception. Howard pointed out that he couldn’t have achieved all he has today without his wife and business partner’s steadfast support.
Never Give Up
Howard Shwiff admitted that entrepreneurship could be challenging. There are times that he felt like quitting. He encountered numerous challenges in his entrepreneurship journey and thought of giving up.
However, he was glad he didn’t give up. He later learned challenges are inevitable in entrepreneurship and business owners need to be resilient to achieve their goals.
About Howard Shwiff
Howard Shwiff is the co-founder of Shwiff, Levy, and Polo, San Francisco’s leading CPA tax and financial services firm. He founded the company with his wife, Elizabeth Shwiff. He has over 30 years of experience as a real estate investor, portfolio manager, and broker. He offers business-advisory and financial-management services to small and midsize businesses.
Howard is also a passionate philanthropist, committed to giving back to the community. He is a former president of the American Technion Society, supporting the Technion-Israel University of Technology.