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 ARE YOU A START-UP BUSINESS?

What is a start-up? The business you have in mind is still in the process of being set up. Perhaps, a checklist of the tasks has been made to remind you of the things that you need to accomplish before the business is open for your customers. For example, registering your business name , securing a certificate or a business license. The checklist needs to be expanded and organized to detail your plan and activities on how your business will operate successfully. The plan should be comprehensive enough that outside parties such as banks or prospective lenders can have a better picture of your business operation. This generally comes in the form of a business plan.

Create A Business Plan - Get this plan ready! The plan should answer some of these questions. What is your product or service? How do you offer your product or service to your customers? Where is the location of your business? How many employees will you hire to run your business? How do you intend to level up with your competitors and fare with the industry performance? What is your business pricing strategy to compete and at the same time generate a profit for the business. 

To write your own business plan, consider the use of Biz Plan Pro. Biz Plan Pro is one of the leading software packages to help prospective entrepreneurs create a comprehensive business. Get Biz Plan pro from Palo Alto Software - click here

For assistance in creating a business plan for your company, contact your local Small Business Development Center, which offers free consulting at no cost to you. You can find local SBDC, by visiting the SBA website at www.sba.gov.


 PLAN YOUR START-UP COSTS?

Planning Your Start-up Costs

Knowing how much capital will be needed to launch your business successfully, is a very important step. Get definite answers to these questions. How much money will come from equity or your own pocket? How much will be borrowed? Determine which capital fund is going to be used for equipment. Payroll. Inventory purchases. Creating a statement of cash flow to estimate your cash needs on a monthly basis will help you project when additional funds are necessary to keep your business operating. 


To Download a Healthy Start-Up Cost Planning Worksheet, click here


OTHER START-UP RESOURCES

Small Business Administration (SBA)

Start-Up Kits

Small Business School

USPS

Entrepreneur Online


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