Embedded Files
Restaurant Remodeling, Appliances, Furnishing, Kitchen Equipment Supply and Business Consulting.
The first thing we will ask you, when we meet: Have you done any planning?
Are you ready to make key financial decisions?
Have you conducted market research?
Market research and competitive analysis should be your or our first task. We are happy when clients have conducted their own market research to help them find customers and have a better understanding of their target. We are very strong about using competitive analysis to find a market advantage. Understanding your market share will show you; your strengths, weakness and window of opportunity.
Do you have a business plan?
Your business plan is the foundation of your business. You should invest time creating a detailed business plan.
Do you have the capital to fund your business idea?
Your business plan will help you figure out how much money you need to start your business.
We encourage customers and clients to check with their plan's administrators, personal financial advisors and accountants, before they decide how to self fund their business. Some people use their savings accounts or event tap into their 401 (k). Tapping into retirement accounts early, might face penalties and fees or damage your ability to retire on time. Therefore, you should not make decisions without consulting with your financial advisor.
Our network of equipment financing partners are ready to help you with all your financing needs. They have helped thousands of customers grow their business. Whether you are small business or a large enterprise, they will have a solution that will fit your financial needs.
Location - Location - Location!
Do you plan to buy, rent or build a new space? Most of our clients have secured a location before they contact us. However, if you have not chosen a location, we suggest you to calculate your startup cost taking into account that things will cost more or less depending on your location. Cost that can vary by location include and are not limited to business insurance rates, utilities, government licenses and fees, standard salaries, minimum wages laws, property value and rental rates. You should consult with your real estate broker, your accountant and or financial advisor, before making any financial commitments.
Choose a business structure
Are you opening a Limited liability company (LLC), Sole proprietorship, Partnership, Corporation, C corp, S corp, B corp, Nonprofit corporation or Cooperative?
The business structure you chose will will influence everything in your business from taxes to how much of your personal assets are at risk.
Choose your business name
Creativity and market research will help you choose the right business name. Once you have your name, you should protect it by registering it.
Register your business
Register your business to make it a unique legal entity.
Get federal and state tax IDs
You will use your employer identification number (EIN) to start and grow your business. You will need your EIN to open a bank account, hiring employees, paying taxes. Your EIN is like a social security for your business.
You will need to apply for licenses and permits
Most small business need licenses and permits from state and federal agencies. The requirement and fee depend on your business location and activity. You should check with issuing agency for details about the cost of each permit.
Google Sites
Report abuse