Thinking of owning your own
business?
Opening your own business is
exciting and thrilling. It's everything that comes
after the excitement and thrill has worn off that
dictates whether a small business will make it or
not. It's up to you to maintain and stretch out the
"thrill and excitement" period forever.
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. We help you
avoid the common pitfalls that many new small
business owners make when starting their new
venture.
We help you...
- Prepare
an initial business plan to clarify your
marketing, management, and financial plans.
- Determine
your start-up capital needs.
- Identify
sources of start-up capital and backup sources
if needed.
- Evaluate
and quantify your borrowing power so you know
how much money you can get your hands on if
needed.
- 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.
- Select
the right accounting software by evaluating your
budget, needs and hardware.
- 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.
- Establish
billing and collection procedures to maximize
your cash flow.
- Establish
procedures to monitor and control costs.
- Setup
a home office so you can maximize your tax
deductions.
- Prepare
and file all required state and local licenses
and permits.
- Prepare
and file your application for your Federal
Employer Identification Number.
- Provide
payroll and payroll tax filing when you bring on
your first employee.
- Comply
with employment laws so you don't get hit with
fines and unhappy employees.
- Identify
your business insurance needs.
- Develop
a solid Partnership Agreement. This is an
extremely important document for all new
partnerships and will help prevent a tremendous
amount of financial and emotional problems down
the road.
- Provide
merchant services in order to process credit
card transactions at the lowest cost possible!
Let us help you succeed by
getting your new business off to a good strong
start. Please complete the request for consultation
form to learn more about our New Business Formation
Services. |