Successfully Start Your Business - Expert Advice from a Business Broker (Paperback)

If you are thinking about business ownership, there are three options available to you. First, buy an existing business or second, buy the rights to a franchise. These two options are covered in separate guides but your third option is to start your business from scratch and this is the purpose of this guide. This comprehensive workbook will help you understand the complexities involved and the decisions you have to make when starting your business from scratch. Written by a professional Business Broker with many years of real world business experience, this guide is intended to help you start your business in the shortest possible time and with the lowest risk. You will learn many important lessons on how to: - Prepare and create a business plan that blends with a marketing and productivity plan. - Comply with tax and legal matters including your legal entity, business name, tax ID# etc. - Hire the right professionals to assist with the process. - Avoid potential roadblocks and pitfalls. - Obtain necessary finance. - Conduct research and properly prepare for success. - Determine a startup business that makes sense to you. - Conduct effective negotiations. - Use spreadsheets to determine startup costs, sales forecasts, cash flow projections, break even analysis, balance sheets and other financial tools. - Protect your patents, copyrights, trade marks and other intellectual property. - Create Operations, Employee and Training manuals - Create a Vision and Mission statement, Confidentiality and Privacy policies Also includes dozens of worksheets, checklists and charts to help you prepare and track each step of starting your business. Plus, this guide encourages you to make each of your decisions when running your business with the ultimate goal that it is ready to sell if a willing buyer comes along and would like to buy your business.