How to Organize Your New Business: the Nuts and Bolts
Soon you will be deeply involved in reaching your market, analyze customer needs and imagination of attention-getting promotional ideas. But first there are a number of basic organizational steps that you must stop.  there are enough stories in newspapers and magazines on new business that was started right on a "shoestring" to make you think you do too. In fact, several monthly magazines devoted to presenting the cost of home business ideas that are "winners" guaranteed.  In our experience, very few viable new business start work on less than $ 1000.00. A recent survey by the magazine's Interior Ministry computational showed that readers spent about half of $ 5,000 to start your business. It should be clear that the business of operating the tape shoe cash quickly – often at the time when sales begin to come inside. To determine their financial preparation to the first step in reviewing its financial statement preparation is to sit with your family and discuss where the money goes each month. Start with the first major costs, such costs of the mortgage or rent payments for car, utilities, insurance, food and school. These categories probably represent about 60% of their total family spends each month.  then aggregated into major but postpone costs such as new clothes or furniture, vacations or go to the movies or out to eat. By the time you do you will probably cost 15 to 20 dominate the family budget. Put the total by category in a single piece of paper and then add up to a total. Make sure each family member understands where the money has been going every month.  past, see what you can cut the budget. But Beware, stopping a job (or losing one) and then starting a business will make your family under tremendous mental stress. Don 't expect too much to endure another pain to cut the family budget.  Most of us would be lucky to cut 5% off budget. Once you have some agreement on a monthly budget, it is time to review what sources of income the family. The most common are: spouse 's salary and bonus, interest and dividends on investment and income if you own the property. Pídase a difficult question: How reliable are these streams of income? Has your spouse 's announced pattern? Is the performance of your investments likely move up or down the next twelve months? To subtract all the income of the family with the exception of income (you 'll remember that for him) than the monthly costs gives rise to what I call the "burden" of the business;. This is the dollar amount of economic activity must create vour possible if the family budget is to continue its agreed level. Each month that its sales are not enough to meet this burden that you must borrow from – are, your credit cards, your loan in the form of equity participation or their relatives home. This gets old fast. The second area of personal finance that you should carefully evaluate their debt. Who you owe? How much? What percentage of the debt was paid off in more than a year? Remember, you won 't be working a regular job. Be realistic, if you debt credit card is $ 400 per month the minimum payment, you will have the same difficulty paying their phone bill and the business of buying gas for your car. To consider also what you have that you might turn into cash or used as collateral for a loan. The house is the more personal side of general use, but remember what you're risking when you use a loan in the form of home equity participation. Estimated costs to launch the startup costs are one-time costs for equipment, furniture, computers, rent deposits, effects of desktop telephone transmission circuit, the insurance premiums to sources office, and the initial publicity. Be cautious here, it's easy to spend UCES couple of thousand dollars before you make. Before you buy anything ask yourself: Can I get it used? Do I have something that already works? Can I negotiate something for him? You If you starting an Interior Ministry course than on rent and cost deposits mobile.  if you open a retail store, it is critical that you research what you need to inventory, which is supplied and what is the lowest price you can get. You may also face a serious investment in building, fixtures and carpeting and paint renovation. Launch costs for an average retail store, including inventory, running about $ 75000. if you plan to make a product for sale will need to buy raw materials. Do the same kind of research that makes the owner of retail business. Calculate the minimum investment material required to produce sales for the first few months. Also, consider what tools, equipment or vehicles may require additional business. A typical boot manufacturing cost on the business of exploration Expenses $ 100000. for most small businesses owners to pay staff is by far the largest operating expenses for the business. This is your contribution towards the "burden" of the business;. But there are potentially many other industry costs you will face. Among the most common is: Rent, utilities, telephone charges and fax sources, software and repair, insurance, accounting fees, vehicle costs, debts and subscriptions, and travel and hospitality costs of sales promotion. Some new business needs an employee from the beginning, so you have to add in wages and income taxes. Learn what costs you will have to pay your business talking to business owners like, through the magazine and newspaper articles and trade organizations, just to name a few. Also apply some common sense: ask what costs seem normal for my type of business? I suggest that you add 20% to its estimate of the cost of monthly business.  to discover how much capital you need to start your business, take the "burden" of the business and multiply by three. Add in the costs of launching at once. Multiply the monthly cost of business for three and then add the other two groups in costs. The total is known as "capitalization" original – the money you should have access to before you open the door of her new business, Don 't kid yourself, the new businesses are very hungry – for money . Try morirlos starve and die! To choose a business name until this point, you've probably only talked about his new business to your family and yourself. But now it is time to prepare to talk with the outside world. The first step in the communication of all the wonderful things your business can provide is to create an identity for himself carefully selecting a name and business address.  I have long believed that there is no such thing as the perfect name for a new business. After all your customers are buying in large part on the principle. But a name selected list goes a long way toward making your new company more memorable. Here are some tips for selecting a name: Existence of Short-circuit – no more than four words, make sure it can be easily pronounced or use your own name or one that says what your business looks at the Yellow Pages to avoid a name that is confusingly similar to an existing business is making sure that they are as good looks in a business card as it does on a piece of paper. One way is to use a graphics artist to sketch the known size of the card.   Be aware that some businesses not only put their names legally but they registered trademark. Trademarking is a legal technique made available by states and the federal government to give you the right to a particular name if you can prove you used public before any person, to receive national protection you must file for a trademark through the office of the registered trademark of the U.S. (part of the department's start). This is much more costly and time consuming. See a lawyer before taking this step. To select a business address you now need a business address to go along with his legal name. While you have been researching the cost of launch you should have thought where you establish your business office. Is he in his den? On a local office building? A retail store? Or in an industrial building?  simplest and least expensive is to use the start address of the track record as his business address as well. But before you decide to do this remember the following tips on selecting a direction. To analyze who you want to sell. Do you think they are less professional if they see a home address on your business card? Are there potential problems if the division of their city or town discovers on her home business? Are your suppliers or customers will be regularly corning home? Is there enough parking space so as not to disturb their neighbors? Can you easily get the UPS, Federal Express, etc.. in your home?   If you don 't find in the country, what are your other options? There are three basic alternatives: Box office mail to # 1. I don 't like them because they are used by scam artists, too, you can' t get your cash 24 hours a day and the customer service at the post office is less than great.  # 2: Store the private box: A little more expensive than PO boxes but offers many more services to companies such as dispatch of all classes, Fax, photocopying, passport photos, office sources, to name a few. The largest number of stores it plugs etc boxes. Mail that originate from all sides. Costs start at $ 12 – $ 16 per month for a box.  # 3: Shared Office Service Packs: Many office buildings are traditional areas of building small offices with shared services, such as receptionist, web mail, fax, photocopy and a conference room. Rents start at $ 400 per month, but some buildings offer a shortened version, known as the identity of the programs where you keep your office in the country, but rent their mailing address to have your receptionist answering the telephone business and solve c
Jeff Williams