Starting your own business is exciting and thrilling. A methodical plan of action is needed to fulfill your dream of being your own boss and running a successful business. Success lies in the approach you choose to take. We can help you avoid common pitfalls that many new small business owners make when starting a new venture.
We can help you...
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Prepare an initial business plan to clarify your marketing, management, and financial goals.
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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 your borrowing power.
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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 accounting software by evaluating your budget, needs and hardware.
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Prepare a Cash Flow Budget so you project how much money you will need to operate the business each month for the first few years.
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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
10. Prepare and file your application for your Federal Employer Identification Number.
11. Comply with employment laws should you need to hire employees.
12. Identify your business insurance needs.
13. Develop a Partnership Agreement if applicable.
