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Question: Writing a business plan?

(Posted by: on 2012-02-08 02:21:27)

I want to set up my own business but I'm not sure where to start. I know you need to have accounts, business plan, objectives, aims etc.. but could someone please tell me a structure on how you start things?

Posted by: Henry on 2012-02-08, 05:30:51

Starting a business involves planning, making key financial decisions and completing a series of legal activities Step 1: Writing a Business Plan This written guide will help you map out how you will start and run your business successfully. Step 2: Get Business Assistance and Training Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business. Step 3: Choose a Business Location Get advice on how to select a customer-friendly location and comply with zoning laws. Step 4: Finance Your Business Find government backed loans, venture capital and research grants to help you get started. Step 5: Determine the Legal Structure of Your Business Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. Step 6: Register a Business Name ( "Doing Business As ") Register your business name with your state government. Step 7: Get a Tax Identification Number Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency. Step 8: Register for State and Local Taxes Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance. Step 9: Obtain Business Licenses and Permits Get a list of federal, state and local licenses and permits required for your business. Step 10: Understand Employer Responsibilities Learn the legal steps you need to take to hire employees.

Posted by: Riley on 2012-02-08, 02:27:36

Here are some steps. These steps assume that you already have an idea. 1. Write a business plan. Look up some business plan templates online. These won't help too much but they will give you a bit of an idea. Do your research on your idea while you are writing your business plan. 2. If you need a loan, take your plan to some banks, to get your loan. Make sure you have very accurate and realistic figures for your projected income and expenses, and how much you will need for your loan. 3. The rest depends on what type of business you are wanting to make. Contact me on sannin92@yahoo.com for more help.

Posted by: Dany on 2012-02-08, 03:06:36

For starting a business you have to be very sound with your financials. Take a time frame in which you would be offering the salaries on your own i.e. without earning any profit. Then write a business plan. Be realistic about your monthly targets. Do research about the market in advance and know about your competitors. toships.com/