Your Startups Pre-Launch Checklist: IRS Information (Part 2 of 14)
How to Get a Federal Tax ID Before your new venture gets started, its important that you let the Internal Revenue Service know of your startup. Giving the IRS your business information is a key step in the pre-launch phase because it allows the IRS to collect taxes on your business and allows you to […]
Your Startups Pre-Launch Checklist (Part 1 of 14)
Actions Every Entrepreneur Should Take Before They Launch Their Startup Its no secret that starting our own business is a challenging task. You have to come up with a unique business idea, organize and strategize by writing a great business plan, and in some cases you have to try to find outside funding. After already […]
A Guide to the Startup Phase: Pre-Launch Actions (part 4 of 4)
You’ve examined your personal foundation, come up with your brilliant business idea and written a business plan. Here are some steps before you can officially launch your business. Before launching your company, make sure that you’ve covered all the bases in the following key areas: Infrastructure – One of the things to do to get […]
What is in a Business Plan: Marketing Plan (Part 8 of 11)
Time For Completion: Approximately 20-30 hours Your Marketing Plan gives a complete picture of your marketing goals, strategies and tactics. By answering many questions that will help your product reach your potential customers. Some of the processes that you will go through when writing a Marketing Plan include: setting goals, creating your company’s brand, and […]
What is in a Business Plan: Management Team (Part 10 of 11)
Time For Completion: Approximately 20 hours This section describe the team that will help you succeed in building your business. To write this section a considerable amount of time and energy will need to be spent or have been spent on researching and building relationships. Whats in it? The business plan should include a statement […]
What is in a Business Plan: Financial Projections (Part 11 of 11)
Time For Completion: Approximately 35 hours Financial statements are a very important part of your business plan. They give you an idea of how your business would be performing according to the market assumptions and the business model you choose. Ask somebody already in the business, or call service providers and ask them how much […]
