Thinking of owning your own business?
Opening your own business is exciting and thrilling. But the initial planning stage before you open your front door is the first key to keeping that door open.
After the big rush of excitement and
thrill has worn off, your business plan will dictate whether you will make it or not. Many new business owners fail to put in the time and thought required to ensure their success. They may skimp on getting professional advice up front, only later to find they could have avoided many expensive pitfalls, if only they knew.
A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a
successful business. Success lies in the approach you choose to take. Let us help you see more clearly the path to making your new business venture a reality that will last.
We help you...
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Prepare an initial business plan to clarify your marketing, management, and financial
plans.
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Determine your start-up capital needs.
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Identify sources of start-up capital and backup sources if needed.
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Evaluate and quantify your borrowing power so you know how much money you can get your hands on if
needed.
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Select a business structure that best fits your needs by evaluating tax advantages, legal exposure,
ease of operation and portability should you need to relocate.
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Select the right accounting software by evaluating your budget, needs and
hardware.
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Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive
each month for the first few years. Unplanned cash requirements are always emotionally painful.
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Establish billing and collection procedures to maximize your cash flow.
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Establish procedures to monitor and control costs.
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Setup a home office so you can maximize your tax deductions.
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Prepare and file all required state and local licenses and permits.
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Prepare and file your application for your Federal Employer Identification
Number.
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Provide payroll and payroll tax filing when you bring on your first employee.
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Comply with employment laws so you don't get hit with fines and unhappy
employees.
Let us help you succeed by getting your new business off to a good strong start.
