Thinking of owning your own business?
Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.
A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. I will help you avoid the common pitfalls that many new small business owners make when starting their new venture.
I will help you...
1. Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
2. Select the right accounting software by evaluating your budget, needs and hardware.
3. Establish billing and collection procedures to maximize your cash flow.
4. Establish procedures to monitor and control costs.
5. Prepare and file your application for your Federal Employer Identification Number.
6. Prepare and file all required state and local licenses and permits.
7. Prepare payroll tax filing when you bring on your first employee.
8. Identify your business insurance needs.
If you are buying a business from someone else I can also help you look at the existing business and analyze what you are buying. Armed with the analysis you can then determine if you are paying the right price for the business as well as give you the knowledge of what you are buying.
