Small Business Start up Advice

There is a lot of planning when you first start any type of business venture. This planning process is time consuming and draining but necessary if you want your company to eventually turn a profit. If you have a business start up idea you want to put into action, some of the tips below may help you get where you want to go.

Seek out an accounting specialist that can provide small business start up advice to help you figure out exactly how much money you will need to get your proposal off the ground. Estimate your costs such as payroll, supplies, sales tax, rent and advertising. This will determine the exact amount of money you will need to start your business. This information can also be used to craft a loan proposal to a bank.

Clearly defined goals can make a big difference in the overall success of your business plan. You must determine what kind of short and long term goals you have for your business. A sound business plan should be based on sales and profit projections that are logical and attainable for your new company. Every goal you put in place will be a reminder of where you want to be in the end.

Trying to do this on your own could be difficult at best. Even the most successful entrepreneurs had help when they started their businesses. You will need hard working trustworthy employees, a professional bookkeeper/accountant you can trust and funding from a dependable bank. Simply put you need the right people by your side. Focus on building a network support system you can depend upon going forward and the goals you set for your business will be realized.

The author: Dawn Contardi, owner of Sharp Bookkeeping Service, a Certified QuickBooks ProAdvisor and a member of the American Institute of Professional Bookkeepers with 25 years of experience can be reached at 732-458-3800 or www.sharpbz.com

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