Starting Up
What's It About?
It’s the American dream to start and own your own business. Many see it more than a dream – in fact, roughly 543,000 new businesses start up each month.- Understanding personal strengths and financial position.
- Selecting a business format.
- Assessing an existing business.
- Creating operational projections and securing assets.
- Establishing policies, procedures and management controls.
- Positioning for expansion and ownership succession.
- Gain Knowledge
- Adequate Capitalization
- The Proper Location
- Learn Proper Buying
- Control Working Capital
- Sound Credit Management
- Plan for Expansion
- Keep Adequate Records
- Learn to Take Advice
- Recognize Limitations
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Great article. He’s my brother and I’m proud of him for sharing his valuable knowledge.