Building a Successful Business
Build a Successful Business

Product

Build a Successful Business

                        

This is an idea book. If you want to start a small business of your own, you are faced with the many complexities of today’s business world. Let us assume that you have some capital, say $10,000 to $25,000, that there is a growing market for the sale of “what-nots” and you’ve decided that this is the time for you to make your move—to start in the business of the manufacture and sale of what-nots. Now what do you do?

First and foremost, you want ideas. You need ideas and information on the form of business under which you will operate, where and how to raise more capital if and when you need it, where to apply for governmental assistance, how to establish a business credit line, the tax consequences of your proposed operations, setting up an accounting system and full coverage and protection through your proper use of insurance.

Running a business of your own will bring you a sense of independence. You are top man. You can’t be fired. You will have an opportunity for higher income because you will be able to collect a salary plus a profit on the return on your investment. These are the advantages and pleasures of operating your own business.




This Ebook Contains

 

 

Even though you are your own boss you must conform to many legal requirements dictated by governmental units. Insurance and health authorities will see that you meet certain standards. Wage and hour laws and municipal, state and federal

 

tax requirements will constantly impose upon you a duty of conformance.

 

Finally, the ultimate key to your success will be good hard work.

 

Along with good hard work, having an advisor at your fingertips can enhance the chance of your success tremendously. That is the function of this book. It is a collection of ideas, techniques and references on how to make money, and a warning against the pitfalls that cause business failures. Using this book and seeking professional advice from an attorney or a CPA will ease many of your problems in starting a small business. Get this book now—and good luck in your new enterprise.

 

1.CHOOSING YOUR FORM OF BUSINESS AND FINANCING 

SOLE PROPRIETORSHIP – 


• ADVANTAGES OF OPERATING AS A SOLE PROPRIETOR 
• DISADVANTAGES OF OPERATING AS A SOLE PROPRIETOR 
• FINANCING 
• BANK LOANS—MORTGAGES 
• LOAN COMPANIES 
• GOVERNMENTAL ASSISTANCE – FHA; SBA, ETC. 
• FACTORING 
• ESTABLISHING A CREDIT LINE. 
• PARTNERSHIP—ADVANTAGES OF THE PARTNERSHIP FORM 
• DISADVANTAGES OF THE PARTNERSHIP FORM 
• TAXATION 
• FINANCING. CORPORATION – ADVANTAGES OF THE CORPORATE FORM 
• DISADVANTAGES OF THE CORPORATE FORM 
• FINANCING 
• USE OF DEBT AND EQUITY FINANCING 
• TAXATION 
• ADVANTAGES AND DISADVANTAGES OF STOCKHOLDER REPORTING OF CORPORATE INCOME. 

2. HOW GOOD ACCOUNTING AND TAX MANAGEMENT CAN HELP YOU CONTROL, PROTECT AND ENHANCE YOUR BUSINESS ENTERPRISE - 

• WHAT RECORDS SHOULD YOU KEEP? 
• USE OF ACCOUNTING RATIOS 
• BUDGETING 
• TAX PLANNING 
• CAN YOU SAVE TAXES BY LEASING EQUIPMENT? 
• YOUR DEPENDENT CHILDREN AS EMPLOYEES MAY HAVE TAX ADVANTAGES 
• APPROVED METHOD IN CUTTING YOUR INCOME FOR TAX PURPOSES 
• REPORTING YOUR DEDUCTIONS FOR BEST TAX RESULTS 
• MAXIMUM TAX DEDUCTIONS FOR SUCCESSFUL OPERATION 
• WHAT DEDUCTIONS DO YOU GET FROM YOUR BUSINESS INCOME? 
• MANY BUSINESSMEN USE PART OF THEIR RESIDENCES AS A PLACE OF BUSINESS OR OFFICE 
• WHEN YOUR AUTOMOBILE IS USED FOR BOTH BUSINESSPURPOSES AND PERSONAL USES 
• SOMETIMES INDIVIDUALS GET THEIR PERSONAL EXPENSES ALL MIXED UP WITH THEIR BUSINESS EXPENSES. BUYING AN ESTABLISHED BUSINESS INVESTIGATING ANOTHER BUSINESS GET A COMPETENT CPA WHO KNOWS THE BUSINESS TO GIVE YOU A FULL RECORD OF ITS FINANCIAL AND OPERATING HISTORY 
• GET A LAWYER TO CHECK 
• GET A FULL RECORD OF THE LABOR RELATIONS OF THE BUSINESS 
• MAKE SURE YOU FULLY INVESTIGATE THE BUSINESS AMONG ITS BANKS, CUSTOMERS, AND CREDI­TORS AND IN ITS COMMUNITY. HOW TO BUY A BUSINESS TAX-WISELY—YOU HAVE A BAR­GAINING POINT IN PRESERVING THE SELLER’S TAX ADVANTAGES 
• HOW TO BREAK DOWN THE PURCHASE PRICE TO YOUR BEST TAX ADVANTAGE 
• CHECK LIST WHEN YOU CLOSE TITLE. 

4. ORGANIZING YOUR MANAGEMENT FOR BUSINESS EXPANSION - 

• SET EMPLOYEES’ RESPONSIBILITIES BY PREPARING JOB DE­SCRIPTIONS 
• DELEGATE AUTHORITY TO HANDLE RESPON­SIBILITY 
• COMPENSATE FAIRLY • EVALUATE EMPLOYEE PROGRESS 
• SELECT AND TRAIN EMPLOYEES CAREFULLY. 

5. HOW TO PLAN THE BEST INSURANCE PROGRAM FOR YOUR BUSINESS - 

• GETTING THE MOST ECONOMICAL INSURANCE RATES 
• STEPS TO TAKE WHEN YOU HAVE A LOSS 
• HOW TO BUY FIRE INSURANCE 
• WHAT OTHER FORMS OF BUSINESS INSURANCE DO YOU NEED? 

6. HOW TO GIVE CREDIT FOR INCREASED SALES VOLUME - 

• WHAT ARE THE ADVANTAGES OF SELLING ON CREDIT? 
• KNOW THE PRINCIPLES OF A SOUND CREDIT SYSTEM 
• HOW GOOD RECORD KEEPING WILL AID YOU IN CREDIT SALES 
• HOW TO CHECK A CUSTOMER’S CREDIT 
• HOW TO CHECK THE CREDIT STANDING OF A BUSINESSMAN 
• HOW TO EVALUATE A BUSINESS FOR CREDIT PURPOSES 
• HOW TO ANALYZE YOUR CUSTOMER’S FINANCIAL STATEMENTS 
• HOW TO COLLECT OVERDUE ACCOUNTS 
• KNOW THE IMPORTANT LAWS AFFECTING YOUR COLLECTION METHODS. 

7. HOW TO PROTECT YOURSELF AGAINST THEFTS - 

• INTERNAL CHECKS YOU CAN USE 
• WATCH FOR CASH FRAUDS 
• HOW TO AVOID STEALING OF MAIL RECEIPTS 
• HOW TO STOP THIEVERY FROM PETTY CASH 
• ERRORS MADE IN HANDLING CHECKS 
• IN CASH HANDLING USE THESE PROVED METHODS 
• HOW BONDING EMPLOYEES HELPS 
• HOW TO PROTECT AGAINST ROBBERIES.
GET INSTANT DOWNLOADS & ACCESS NOW
STEP 1 of 2
STEP 2 of 2

Unlimited downloads & access to this eBook including the Home Study Series (delivered directly to your desktop via email)
$9.97 [save $35.99]

Yes, I also want the bonus products
FREE
for a LIMITED TIME		 [save $19.95]
$9.97 FREE