Unlocking Sources of Capital

One of the greatest challenges for most new businesses is securing capital; in fact, four out of five businesses fail in the first five years due primarily to a lack of capital. For this reason, it is crucial for you to create adequate start-up and reserve capital...

Defining What You Are Selling

At this point, you know that identifying and outlining your business’ mission is crucial, but it is equally important for you to also take some time to determine exactly what product, service, or combination of the two you are offering to your customers, along with...

Assessing Business Start-Up Costs

It’s important – when starting a new business endeavor – that you go into it with a realistic perspective on the amount of capital that will be needed for your business’ start-up costs. So – in order to help you with this task, we have created a...

Discovering Your Mission

Creating a mission statement has the power to bring direction, clarity, and focus to your business, which will – in turn – bring about a unifying force throughout all of your business activities. For this reason, constructing your business’ mission...

Determining Personal Cash Requirements

If you’re considering devoting your full-time efforts toward running your own small business, it’s important to take some time to determine how much money you may need to have on hand in order to meet your personal financial obligations – for a time – in...
Banking On It

Banking On It

Once you have secured your business name and determined your preferred organizational structure, your next priority is to make sure your business and personal expenses are kept separate from one another. This can be accomplished by establishing a small business...