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Finance Start-Up – Small Business Planner

nicherv — Wed, 17 Jun 2009 12:35:27 +0000

StartUp Costs Every business is different and has its own specific cash needs at different stages of development; therefore there is no generic method for estimating your startup costs. Some businesses can be started on a shoestring budget, while others may require considerable investment in inventory or equipment. It is vital to know whether you will have enough money to launch your business venture. To determine your startup costs, you must identify all the expenses your business will incur during its startup phase. Some of these expenses will be one-time costs, such as the fee for incorporating your business and the price of a sign for your building. Some expenses will be ongoing, such as the cost of utilities, inventory, insurance, etc. While identifying these costs, decide whether they are essential or optional. A realistic startup budget should only include those elements that are necessary to start the business. These essential expenses can then be divided into two separate Continue Reading

Find A Mentor | Small Business Planner

nicherv — Wed, 17 Jun 2009 12:31:01 +0000

Never think you can do it alone! One of the best ways to insulate yourself against business failure is to find and work with a mentor, someone with business experience who can guide and assist you. Service Corps Of Retired Executives (SCORE) Link to retired professionals who are available to give you advice. Small Business Development Centers Link to organizations to help your small business grow and prosper. Network Of Training And Counseling Services Link to these connections to help with professional training and counseling. Continue Reading

Small Business Planner – Plan Your Business

nicherv — Wed, 17 Jun 2009 12:07:59 +0000

Planning is critical to successfully starting and building a business. That’s why we’ve dedicated a section for it. Here you’ll find guidance on the tools and resources necessary to write a winning business plan. From sample plans to a business plan primer, we’ll get you started on this very important activity. Once your business is up and running, you’ll need to regularly review and update your plan to manage growth. Start Your Business Continue Reading

Start Your Business – Small Business Planner

nicherv — Wed, 17 Jun 2009 12:02:40 +0000

Start Your Business Starting a business requires you to complete a number of steps and make some key decisions. Though part of your overall plan, you’ll need to select a location, decide on a business structure, and obtain the necessary licenses and permits. In addition, determining which financing options will meet your short-term needs and long-term goals is crucial. Within this section, we’ll provide information on these topics along with guidance on buying an existing business, copyright and trademark issues, and getting support from an outside expert. Plan Your Business Continue Reading