So, we provide this unique service when most others in the business plan industry would charge additional fees. The estimated timeframe for a typical project can vary depending on your needs.
A rush can be executed upon request in many situations. Contact us directly for a price and timeframe quote. Having the right research to support your concept is essential when presenting a business plan to achieve funding.
At Optimus, our suite of tools includes research databases such as IBISWorld and The Brandow Company so that we can include the best data available in your business plan. Business Plan Development Our Business Plan Writing and Development Process We write every business plan from scratch so that we capture the unique aspects of your business fully.
Do you have the means to fund your startup, or will you need to borrow money? Experts generally agree that startup businesses often fail because they run out of money too quickly before turning a profit. Best Alternative Small Business Loans ]. Startups requiring a lot more funding up front may want to consider an investor. Investors usually provide several million dollars or more to a fledgling company, with the expectation that the backers will have a hands-on role in running your business.
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Before you can register your company, you need to decide what kind of entity it is. Your business structure legally affects everything from how you file your taxes to your personal liability if something goes wrong.
Be warned that this route can directly affect your personal credit. This makes a business a separate entity apart from its owners, and therefore, corporations can own property, assume liability, pay taxes, enter into contracts, sue and be sued like any other individual. This hybrid structure has the legal protections of a corporation while allowing for the tax benefits of a partnership.
To become an officially recognized business entity, you must register with the government. While this is not required for sole proprietorships with no employees, you may want to apply for one anyway to keep your personal and business taxes separate, or simply to save yourself the trouble later on if you decide to hire someone else.
If you do need an EIN, you can register online for free. You also will need to file certain forms to fulfill your federal and state income tax obligations.
The forms you need are determined by your business structure. Some businesses may also require federal or state licenses and permits to operate. If your business provides a service, you may also want to consider professional liability insurance. It covers you if you do something wrong or neglect to do something you should have done while operating your business.
Figuring out how the team will work together Instead of spending hours playing with accounting software, dreaming up potential expense and income categories, and creating fancy reports with no data, spend that time generating revenue. As long as you record everything you do now, creating a more formal system later will be fairly easy.
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This advertising model, like others you see on Inc, supports the independent journalism you find on this site. Enter your email to reset your password. Or sign up using:. Straight to Your Inbox. Starting a business is surprisingly simple--you just need to take the first step. So I bet him lunch that we could take care of all that in less than three hours. The goal is to get off square one and get on to the fun stuff. Get over the company-name thing.
Just pick a name so you can get the administrative ball rolling.
A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've .
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If you are a small business owner who is struggling to write a business plan, help is here. Planning is one of the most important, yet often underestimated, parts of starting a business. In fact, many businesses fail from lack of research, goals and a thorough plan. The business planning process requires a lot of time, work, and effort, though. The following pages will describe in detail the seven essential sections of a business plan: what you should include, what you shouldn't include, how to work the numbers and additional resources you can turn to for help.
Oct 23, · First, you want your business plan to be read (and no one is going to read a page or even page business plan). Second, your business plan should be a tool you use to run and grow your business, something you continue to /5(). Jul 11, · To write a business plan for a small business, start by writing an executive summary that briefly outlines your business. Follow that with a company description that explains your business in more detail%().