Planning to Start Your Own Business? We can help!

Starting your own business is exciting and thrilling. A small business will make it or not depends on something that comes after the excitement and thrill have worn off. Maintaining and stretching out the “thrill and excitement” period forever is our responsibility.

An analytical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. The approach you choose to take decides your success. We aid you to avoid the common pitfalls that many new small business owners make when starting their new venture.

We aid you with the following tasks:

• Prepare a basic business plan to clarify your marketing, management, and financial plans.
• Regulate your start-up capital needs.
• Analyze sources of start-up capital and backup sources if needed.
• Assess and quantify your borrowing power so you know how much money you can get your hands on if needed.
• Choose a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
• Choose the right accounting software by evaluating your budget, needs, and hardware.
• Arrange a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
• Determine billing and collection procedures to maximize your cash flow.
• Organize procedures to monitor and control costs.
• Organize a home office so you can maximize your tax deductions.
• File all the required state and local licenses and permits.
• Arrange and file your application for your Federal Employer Identification Number.
• Cater payroll and payroll tax filing when you bring on your first employee.