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.
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.
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.
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.
procedures to monitor and control costs.
Setup a home office so you can maximize your tax deductions.
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.
with employment laws so you don't get hit with fines and unhappy employees.
Identify your business insurance
- 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.
Let us help you succeed
by getting your new business off to a good strong start.