| PLANNING
YOUR BUSINESS |
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Planning
Your Business:
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1.
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Have
your Business Plan Ready |
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2.
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Select
a Lawyer, banker, accountant, insurance agent, marketing expert,
and other Professional help that you need. |
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3.
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With
the assistant of your Accountant & Lawyer, choose the best form
under which your business should operate. |
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4.
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With
the help of your Accountant, decide the best form of finance.
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5.
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Location
of the Business: Decide whether to rent or to own your building.
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6.
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Obtain
necessary license for your business. |
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7.
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With
the assistance of your Insurance Agent, determine, whether you
are adequately insured. |
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8.
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Apply
for federal and State Identification Numbers. |
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9.
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Beware
your business responsibilities towards payroll Withholdings
& Payroll Taxes. |
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10.
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Get
Information regarding Sales Tax, Excise Tax, and Property Tax
& Business Taxes. |
With
the help of your Accountant set up a record keeping system for your
business.
It is recommended that you break down the plan into several components.
Business
Plan Outline :
Introduction
:
Why Planning Is Critical ?
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1.
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Planning
gives you a path to follow. |
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2.
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It
makes your future what you want it to be. |
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3.
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It
is the most important guide to starting, building and managing
a successful business. |
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4.
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It
is the best tool available to help small business raise money.
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5.
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A
business plan can be a communications tool for investors, suppliers,
employees and others interested in understanding the operations
and goals of your business. |
If you don't plan for the success of your business -- you will fail.
It is that simple!
Planning Can Be Difficult. Although planning is critical to your success,
it can be difficult.
The
Business Plan :
The business plan is a written document that clearly defines the goals
of a business and outlines the methods for achieving them. |
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Need
help with your tax?
Consult the Experts here.
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