7 Steps to S ~ T ~ A ~ R ~ T ~ U ~ P Your Business
Selecting the Idea
-Consider work experience, hobbies, consumer experiences
-Fill an existing need in the marketplace
Testing the Market
-Learn everything about the business, industry, marketplace -Know your customers and competition
Acquiring Capital
-70% of all start-ups are funded with equity financing
-6 C's of Capital:
- Cash
- Credit
- Collateral
- Capacity to repay
- Condition of the industry
- Character
WRiting a Business Plan
-3 reasons to write a business plan: communication tool, road map, objective look
Turning for Help
-Accountant, attorney, banker, insurance agent, management consultant, government service providers, mentor
Understanding Legal Requirements
-Legal forms of organization -Licenses, permits and taxes
Projecting Cash Flow
-How much working capital will you need? -How long will it take for you to break even?
-Managing accounts payable and accounts receivable
The 7 Steps to Starting a Business form the basis of the curriculum taught in the fifteen-hour 'How to S-T-A-R-T-U-P Your Own Business' workshop. Other STARTUP training programs include:
Where's the Money? Business Financing
Dollars & Sense: Record Keeping Essentials
Taking the AX out of Business Taxes
Marketing Matters
Ultimate Business Planner
