Decide On The Start-Up Requirements of Your New Business

The Beginning Business will need to decide what is needed and either buy or finance the necessary items. For example, a retail store will need an inventory of goods to sell. A restaurant will need a kitchen and some food to cook. Buildings or offices are necessary for most firms.

What Is Needed? Should You Finance The Items Required For Starting Your Business? Here are some thoughts.

What exactly is needed depends on the nature of your business. Certainly, some marketing materials like brochures should be designed and printed. Some travel to buyers and mailings may be needed. A beginning inventory and the tools to manage inventory will be needed. This includes the systems to count and track items as well as the systems to move it. Add to this the serious items like raw material to manufacture and the buildings and equipment to do business.

In a previous post we discussed a checklist of 29 steps when starting your Business. This

topic was number: 6. Lease or purchase the equipment, inventory, or raw materials needed to start up. Continue reading

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Deciding About Location

The Beginning Business will need to decide where to place equipment or operations and where to be in order to make sales. For example, a sawmill should be close to the forest, a bank needs parking and convenient access, and retail stores need to be in high traffic areas.

Be Near Customer Traffic

How Do You Research the Location Requirements for Your Business?

In a previous post we discussed a checklist of 29 steps when starting your Business. This

topic was number: 5. Buy or rent a location for your business based on an evaluation of the requirements for your business. Continue reading

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Pick the Legal Structure for Your Business

Your business needs to find the best legal structure to use.

In a previous post we discussed a checklist of 29 steps when starting your Business. This topic was number 4.

Pick a legal structure and file any necessary documents.

Beginning businesses will have to choose a "type of organization" for tax reporting. Types include sole proprietorships, partnerships, and corporations.

Making the business type choice should be done with some knowledge and professional advice from an accountant and a lawyer. There are some options, especially when it comes to the types of corporations. Two very good places to go for information about the options are the Internal Revenue Service web site and the Small Business Administration web site. The rules for all business types will be a State issue, Continue reading

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Creating a Marketing Plan

Your business needs a marketing plan.

In a previous post we discussed a checklist of 29 steps when starting your Business. This topic was number 3.

Prepare a business and marketing plan that includes sales materials, distribution requirements, packaging details, product specifics and a labeling description.

Business and Marketing Plan

Business and Marketing Plan

At the beginning of a business venture someone needs to make a business and marketing plan. The owner or management should review and re-write the business and marketing plan every year with updated outlook and new practices.

If you go to the checklist of 29 steps from a previous post, note that the first two topics cover the business name and the type of business. Once these are known, Continue reading

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Do You Have The Right Product To Market?

Do You Have The Right Product To Market?

How Do You Find The Right Product To Market?

The answer to product choice is complex and critical. The products of a business are going to be the key to the company's success or failure. It is important to find the right products that will sell and make a profit.

In a previous post we discussed a checklist of 29 steps when starting your Business. This

topic was number: 2. Determine the product(s) or service(s).

Everything that makes up the nature of a business is based on producing and marketing products. And the opportunities for business products or services are many and include professional services, wholesale equipment, raw material, retail items, health care services, and so on.

One list of all the personal property products for businesses to market can be found by looking at the Uniform Commercial Code. This Wikipedia link will tell about the potential types of products being marketed and lead to the actual U.C.C. categories: Uniform Commercial Code.

A business person who wants to learn more Continue reading

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Securing Your Business Name

A Beginning Business Needs To Secure And Protect The Business Name.

Your business name is a valuable asset.

In a previous post we discussed a checklist of 29 steps when starting your Business. This topic

was number 1. Select and Protect your Business Name

What Business nameAmong other things, the business name and logo will determine the first impression of the potential customer. A good name and logo should be remembered and distinguish the business from others.

Finding a good business name is the subject of many business start-up help sites. For ideas about the business name, read about some of the other business name choices in your industry. For another good source of guidelines Continue reading

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29 Business Start-Up Requirements List

These 29 Business Start-Up Checklist Items Are For Study and Each Is A Topic For Future Blog Posts.

This business owner's list of 29 start-up requirements will prepare for the reality of owning a business. Use this list to avoid the unpleasant things that can happen.

Business Start-up ChecklistThe best way to be prepared is to watch what happens to other business owners and make your business secure against the problems that become bad experiences for other business owners.

The worse business experience is to run out of cash, especially in the start-up phase. Check out our other blog posting that addresses cash flow. Another bad experience can be an audit by the IRS. A bad experience is a cash fine for a product's performance or packaging failures. Different bad experiences Continue reading

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Internet Marketing Works, Thanks to Social Media

By spending the time required, and a little money, a business owner can bring customers in the door using the internet, through Social Media.

Internet MarketingThe use of "social media marketing" can actually allow some businesses to survive downturns in the economy.

But a great many people find it hard to do the work required to develop a strong Internet presence.

The truth is that the use of the internet marketing, tied to social media marketing, requires someone to make a plan, research the market, get ideas for promotions, know about the internet, learn about some new things, write the descriptions, collect material, upload business information, follow the competition, and otherwise do the work to get the results. This can take a huge Continue reading

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Business Survival Requires Having Cash, So Watch Those Cash Flow Numbers

It's all about the numbers. In business there is a whole profession actively working on the numbers important to measuring the business activities and position. This is Business accounting numbersAccounting. The person in business must understand and be ready to supply the numbers for accounting purposes. They also should understand how to make projections of the Cash Flow based on accounting concepts.

Every business owner or future owner must consider the business accounting numbers for costs of equipment, labor, and raw materials. What will the price be, how much will be sold, and what are the inventory requirements?

To make a business run means money invested by the owner and money borrowed from the bank, more numbers. How much cash Continue reading

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An 8 Step Business Counseling and Guidance Method That Works

Successful business owners face problems which they solve with the help of family, friends, mentors, and business professionals like a business counselor.

Business counselors should apply something like this 8 step business counseling and guidance method because it works. Business counseling can mean the difference between these two.Most successful businesses use a similar type of method to help solve problems, achieve business growth and increase wealth.

This successful 8 step business counseling and guidance method repeats itself at the end. After each period a business should Continue reading

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