Saturday, January 3, 2015

Im ready to start my own business where do I start? -

Im in charlotte NC and the business I want to start will provide service, not goods. I have picked out a name but Im unsure how to write a business plan. Where can I find out how to do that. And then what do I do after that? If Im providing a service do I still need a break-even anaylst? Also is it better to try to get donations or investors?

You should not start tackling your formal business plan until you have an actual plan for your business, both your operations (what you will do) and your business (marketing, financial management, etc.) Based on your actual plan, you should be able to put it into a formal business plan fairly painlessly.Once you ve completed the plan for your business, you will better know how much startup funding you will require. Your funding options are basically your own funds (savings, income from another job or selling assets), gifts (typically from family), loans (family friends or bank loans), and investments (family friends, outside investors). Each funding source has its advantages and disadvantages, and you should carefully evaluate each when deciding how to fund your business.

it all depends on what type of business you are planing to open and what services you are going to offer. Your best bet is to check out google type in your question and let google help you. Also you can try looking in the phone book and find other businesses that are already open doing what you want to do and go check them out and ask all the questions you want you would be surprised at how helpful people are.

A local SCORE office(google it) has business plans to download that are better than anything I have yet to see. in addition, if the plan is worthy there may be small business loans available. Investors are tough to come buy and they want controlling part of the business. There are business plan cd s where you can fill in the blanks and also change the wording. Always start with the executive summary.

Donations? - you go girl. Investors will share in your profits or losses. You must form a LLC in order to charter for investors. Meanwhile you are a sole proprietorship. Do your DBA, get a business bank account, start your advertising program, start your word of mouth program.

Use this basic checklist to make sure all the important steps are taken before you launch your new venture.Steps to Starting a Business -http://www.developer-resource.com/starti��Other sites you might find helpful are: SBA - http://www.sba.gov/SCORE - http://www.score.orgSmall Business Resource - http://www.small-business-software.netBusiness Link - http://www.businesslink.gov.uk/bdotg/act��Goodluck!

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