Start your new business off the right way!
With my help, you will identify and avoid the common mistakes many new business owners make. I will help you build a business plan for success, as well as provide financial management services to meet your needs.
New Business Formation
Are you thinking of joining the ranks of small business owners? Along with a great idea and strong sense of the market you’ll serve, you’ll need a business and financial advisor who can help your dream take flight while keeping your feet firmly planted on the ground.
Steps to starting your business right…
- Prepare a business plan and determine your initial capital needs.
- Identify your current resources, as well as sources of start-up capital and your borrowing capacity.
- Review potential business structures in terms of tax advantages and portability in case you need to relocate.
- Plan for financial management of your business by selecting accounting software that fits your projected budget and gaining the hardware necessary to run it.
- Understand the key components of a Cash Flow Projection and develop one to cover each month of your business for the first year, at least.
- Learn about the best billing and collection procedures to maximize your cash flow.
- Research and gain an understanding of employment laws so that you are prepared to comply from the start.
- Consider a home office for maximizing tax deductions.
- Gain a Federal Employer Identification Number and set up payroll services and payroll tax filing systems with your first employee.
- Identify any business insurance needs.
Don’t let this list overwhelm your desire to start a business. My services were created with small business owners like you in mind.
Contact me today to start your business the right way!