New Business Formation
Even though the prospect of opening and owning your own business is exciting and potentially very rewarding, the time and effort you initially expend in putting together a viable game plan before opening day is absolutely imperative and will eventually determine your long-term success. If properly and carefully executed with knowledgeable guidance, your dream can readily be brought to fruition. With vast experience in having assisted others in opening and operating their own very successful businesses, we can help you to reach your goal by sidestepping the usual mistakes that are so commonly made with new start-ups.
Our proven no stone left unturned approach to putting together and running a successful business starts by helping you to formulate a preliminary customized business plan that examines, evaluates and qualifies your prospective business from every angle.
Hoping to address and sidestep every possible setback that might be encountered when starting a new business, we initially focus on the problem that you intend to solve for your prospective clients and the solution that you intend to offer them. Establishing this basic tenet by knowing your target market provides the rudimentary foundation for how you should proceed and attempt to execute your business plan.
Certainly more complicated than merely identifying your target market, with many other facets to consider, we will help you to determine your financial plan, not to mention, the logistics involved in starting and running your new business. This not only helps you to figure out and identify your preliminary sources of capital, but also helps you to assess and calculate your borrowing power.
We will help you to determine and select the most appropriate business structure by evaluating several parameters that will best suit your long-term operation, which includes preparing and filing all required state and local licenses, permits and applications for your Federal Employer Identification Number. In addition, as your business grows, we will provide payroll and payroll tax filing for your employees, help you to comply with employment laws, and even help you to identify which business insurance best suits your needs.
Often overlooked but easy to implement, based on your finances, the intended size of your business and your operating systems, we will assist you in selecting appropriate accounting software. Once established, we will establish a cash flow budget for you to help you determine your monthly monetary requirements and avoid any predicaments.
To help you maximize your cash flow, we will help you to establish appropriate billing and collection procedures along with other strategies to oversee and regulate your costs.