Starting a business can be a risky adventure, a sound investment or a mix of the two.
Success depends upon a number of factors, such as: Type of product or service, demand, economy and YOU!
Starting a business may initially sound exciting. Your mind swirls with thoughts of setting your own hours, being your own “boss” and reaping huge profits.
Unfortunately, the desire and vision of Entrepreneurship often fails to match reality.
Whether you’re considering starting a business or have already taken a leap of faith and jumped right in, the fact remains that starting and running a business can be intimidating and frightening.
Budgets for new business ventures are usually limited and first time business owners, in an effort to save on expenses, often attempt to tackle every aspect of the business from sales to management. While this may seem to be the best way to move forward, the end result can be overwhelming, detrimental and very costly.
Starting a business is a big decision, one that requires planning, research and dedication. Seeking expert advice, BEFORE hanging the proverbial “open for business” sign, can help prevent many critical and costly mistakes.
Hire a Professional TeamBusiness Attorney
A Business Attorney provides guidance, ensures that you and your business interests and transactions are protected, creates company specific contracts, obtains all necessary licenses and serves as legal representation.
A Certified Public Accountant can provide a variety of services such as: Business Plan Development, Business Structure Determination (i.e. sole proprietorship, LLC, Corporation, or Partnership), Tax Planning, Detailed Financial and Cash Flow Analysis, End of Year Reporting, Employee Tax Classification, W-2’s, 1099’s, Bookkeeping, Payroll, Accounts Payable, Business and Financial Consulting and Management Services.
Human Resource Consultant
An Independent Human Resource Consultant serves as a Human Resource Department for businesses who do not have an HR professional on staff. Independent Human Resource Consultants provide a variety of services including: Comprehensive HR Assessment, Development of HR Policy Handbooks, Employment Forms, Job Descriptions, Applications, Offer Letters, Performance Review Programs, Employee and Employer Training and Development Programs, Conduct Interviews and Employment Dismissal.
An Advertising/Marketing Specialist can help develop a marketing strategy that incorporates a variety of methods based on the products and/or services offered, target audience and geographic area.
Start-Up Expenses are very Real