ESSENTIALS FOR BUSINESS UNDERSTANDING

1.    VISION---DEFINES THE BUSINESS YOU WANT TO CREATE.

2.    THE LEGAL FRAMEWORK---KNOWS THE VARIOUS LEGAL STRUCTURES THAT ARE AVAILABLE TO YOU TO CREATE A BUSINESS.

3.    ASSEMBLING A WINNING TEAM---KNOW THE CHARACTERISTICS OF A SOLID TEAM MEMBER AND WHAT YOU SHOULD EXPECT FROM SUCH A TEAM MEMBER.

4.    TOOLS TO FOCUS ON THE VISION---THREE RECOMMENDED SOFTWARE TO KNOW HOW TO USE FOR PROJECTIONS, CONTROL, AND WHAT IF SCENARIOS…POWERPOINT, EXCEL, AND ACCESS.

5.    THE BUSINESS PLAN---THE END RESULT IS THAT YOU WILL CREATE A BUSINESS PLAN THAT QUANTIFIES THE FUNDING REQUIRED TO MEET YOUR GOALS AND THE TIME FRAME IN WHICH THESE FUNDS ARE NEEDED.

6.    FUNDING---WITHOUT MONEY THERE IS NO BUSINESS. EXPLORE ALL SIX SOURCES OF FUNDING; PERSONAL SAVINGS, BORROWING, CREATIVE FINANCING, VENTURE CAPITAL, ANGEL INVESTOR, OR GOVERNMENT.

7.    RUNNING YOUR COMPANY---DAY TO DAY ISSUES THAT BECOME APPARENT SUCH AS ETHICS, STAYING POWER, FIXED AND VARIABLE EXPENSES, EMPLOYEE RELATIONS, AS WELL AS PROFIT AND COST CENTERS.

8.    SELLING---PROVIDE ONE WITH AN OVERVIEW OF WHAT IS INVOLVED IN ORGANIZING AND MANAGING THE MARKETING AND SALES ACTIVITIES OF A BUSINESS.

9.    ACCOUNTIN---EXPLAIN SOME OF THE PRINCIPAL ACCOUNTING ISSUES YOU WILL NEED TO FACE AND UNDERSTAND TO CREATE AND RUN YOUR COMPANY.

10.EXITING YOUR COMPANY---YOU MUST THINK THROUGH YOUR EXIT STRATEGY WHEN YOU IDENTIFY YOUR BUSINESS OPPORTUNITY BECAUSE THE TYPE OF BUSINESS YOU SELECT MAY LIMIT YOUR EXIT OPTIONS.

SUGGEST A DATE FOR YOUR BUSINESS WORKSHOP
 
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