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Business Start-Up Support
Thinking of owning your own business?

Opening your own business is exciting and trilling. It’s everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It’s up to you to maintain and stretch out the thrill and excitement period forever.  

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. I can assist in avoiding the common pitfalls that many new small business owners make when starting their new venture.

I Can Help You...

  • Prepare and initial business plan to clarify your marketing, management and financial plans
  • Determine your start up capital needs
  • Evaluate and quantify your borrowing power so you know how much money is accessible if needed
  • Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operations, portability and exit advantages
  • Select the best accounting software by evaluating your needs, hardware and budget
  • Prepare a cash flow budget so you know how much money you need available to keep the business alive each month for the first few years.
  • Determine your projected breakeven point when you can anticipate your business being profitable
  • Establish billing and collection procedures to maximize your cash flow
  • Establish procedures to monitor and control costs
  • Set up a home office so you can maximize your tax deductions
  • Prepare all required state and local licenses and permits
  • Prepare and file your application for your federal employer identification number
  • Find a solution for processing payroll and payroll tax filing and coordinate applying for state department of revenue identification numbers
  • Find a business attorney for collaboration on development of a solid operating agreement. The operating agreement is a must for any business with more than one owner as it will prevent a tremendous amount of financial, emotional and legal problems latter on!
  • Find a business banker for required banking and credit card solutions
  • Identify your business insurance needs and find a insurance provider to meet those risk needs
  • Find a solution for your computer hardware and managed support needs.
  • I look forward to the opportunity to help your business dream succeed by applying best business practices and becoming your trusted advisory.
 

Eric HInkle CPA - Business Start Up
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