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There's a laundry list of reasons why individuals choose to become entrepreneurs, rather than the more traditional path of becoming employees. Only you can decide the lifestyle that is right for you, but with the uncertainty of entrepreneurship also comes tremendous freedom and accountability. Whether you've already taken the leap or still undecided, we can help you develop a plan of action for the upcoming venture or the future of your entrepreneurship.
How we can help if you're undecided...
If you want to start a business, but have no idea where or how to start; rest assured, you're not alone. We're here to help get you started, and we will work as partners through the process. Your first step should be to identify the right business for you. Think back to work you've done that brought you passion, what are you good a? What have you done for others in the past, and is there a way to combine those skills and offer them as your service? You may want to research other industries that interest you and look for potential gaps in the market or a service or product you would want. Remember to always research, analyze, and learn before you invest.
The next step is where we come in, the development of your business plan. A business plan is very undervalued when starting out, but this will help you gain clarity, focus, and confidence about your upcoming ventures. We will develop this plan based partly on your goals, purpose, clientele, and strategic action plans. The other part of the business plan is the financial side, the costs of starting, overhead, market value, and initial investing. Remember, a business plan is only going to improve the business' chance for success.
We then want to define who the target audience is before you begin the structure of the company. We want to find out if people will actually buy your products or services. This is a very critical part of planning that takes time and energy for this type of market research. If this step isn't taken, investment and time could potentially be wasted.
Once we know that this product or service is a necessity for the market we begin to look at the financials. Business budgeting and forecasting is required because you are likely to be your first and possibly only investor. Meaning, we need to have a detailed understanding of your personal financial situation in order to track them. This initial budgeting will allow for a lower overhead starting out, researching what is an absolute need for the company and what software or applications can wait for the profit margin.
You will want to build a supporting network. This can include, supporters, advisors, partners, allies, and even vendors. We will give you the tools to better market yourself and your brand, as well as networking and where.
So while many of these steps we can work with you on, give you the tools for success, build your platform. Ultimately though, you have to be a partner giving the commitment to the success of your entrepreneurship.
We offer ongoing tools for success, such as continued social media marketing, product/ service procurement, and setup, administrative and management support, accounting and bookkeeping, plus more.
It can be daunting to have to consistently study up on taxes, paying attention to your tax structure, maintaining your books, maximizing cash flow, making sales, and marketing. It's a juggling act. One you don't have to do alone. Outsourcing accounting helps entrepreneurs be more responsible when it comes to time, energy, and money being invested. It helps them be more efficient in attracting customers and selling their goods or services.
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