Opening your own business is exciting! It’s everything that comes after the excitement 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. I can assist in avoiding the common pitfalls that many new small business owners make when starting their new venture.

I Can Help You...

• Prepare an initial business plan to clarify your marketing, management and financial plans
• Determine your start up capital needs
• Evaluate and quantify your borrowing power so you know how much money is accessible if needed
• Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operations, portability and exit advantages
• Select the best accounting software by evaluating your needs, hardware and budget
• Prepare a cash flow budget so you know how much money you need available to keep the business alive each month for the first few years.
• Determine your projected breakeven point when you can anticipate your business being profitable
• Establish billing and collection procedures to maximize your cash flow
• Establish procedures to monitor and control costs
• Set up a home office so you can maximize your tax deductions
• Prepare all required state and local licenses and permits
• Prepare and file your application for your federal employer identification number
• Find a solution for processing payroll and payroll tax filing and coordinate applying for state department of revenue identification numbers
• Find a business attorney for collaboration on development of a solid operating agreement. The operating agreement is a must for any business with more than one owner as it will prevent a tremendous amount of financial, emotional and legal problems later on!
• Find a business banker for required banking and credit card solutions
• Identify your business insurance needs and find an insurance provider to meet those risk needs
• Find a solution for your computer hardware and managed support needs.
• I look forward to the opportunity to help your business dream succeed by applying best business practices and becoming your trusted advisor.