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Business Startup
Starting a business requires a lot of planning and preparation. It is especially important when you are entering a new area, but even familiar areas requires careful planning. There are tons of information on the web, and with time on your hands and perseverance, you can find all the information you need to get your business going. If you don’t have the luxury of time, then we can certainly help. We are very familiar with the local, state and federal requirements that should be addressed to open your doors. |
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Free Business Startup Checklist |
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Additionally, we have expertise in preparing business plans, registering the business legally, setting up the accounting system, place the business on the web and put you on the path for success from day one. One of our recommendations is to create a business plan which will serve as a compass for your business.
A business plan precisely defines your business, identifies your goals, and serves as your firm's resume. Its basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make the right decisions. As it provides specific and organized information about your company and how you will repay borrowed money, a good business plan is a crucial part of any loan package. Additionally, it can tell your sales personnel, suppliers, and others about your operations and goals.
It may seem silly to ask yourself, "What business am I really in?", but some owner/managers have gone broke because they never answered that question. One watch store owner realized that most of his time was spent repairing watches, while most of his money was spent selling them. He finally decided he was in the repair business and discontinued the sales operations. His profits improved dramatically.
One of our Small Business Consultants would be happy help you get your new business going. Please contact us for a free consultation. |
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