Sample Business Plan Outline

If you are looking for a partner, funding, angle investor or venture capital you will be asked for a business plan. Even if you are not in need of capital in the formation of your new business endeavor you will still be glad you prepared a business plan to help you prove to yourself that you have the right stuff and that the business is economically viable. The first step in the creation of your new business will be making a customized business plan. Please use this outline as your template to insure you do not forget anything important. This is a business plan format and outline I had created after reading over ten business plan books and taking the best of each of them and putting them into one outline. I give this to your freely and wish you great success in your new business. It is the great entrepreneurial spirit and the entrepreneur that build this great nation, glad to see you are one of us

BUSINESS PLAN

I. EXECUTIVE SUMMARY

A. Form Of Business

B. Introduction

C. State Of Technology

II. OBJECTIVES

A. Goals

1. Market Share

2. Sales

3. Customer Service

B. Statement Of Purpose

III. COMPANY ANALYSIS AND INDUSTRY ANALYSIS

A. Location

B. Background

1. Accomplishments

2. History

3. Strengths

C. Local

1. Trends

2. Business Climate

D. Position For Growth

1. Future Of Industry

IV. MARKETING ANALYSIS

A. Marketing Strategy

1. Customer Markets

a. Types

2. Government Markets

c. Agencies

d. Divisions

3. Non-profit Markets

f. Organizations

2. Risk Considerations

a. Politics – Special Interest – Government

b. Competition – Profiles

3. Inventory

a. products

b. Supplies

c. Purchasing

4. Equipment

a. Layout

b. Type

5. Sales

a. Tactics

b. Pricing

c. Promotions – Advertising

6. Media

a. Fundraising

b. Newspaper

c. Radio

B. Demographics

1. Scope

2. Segment

3. Surveys – Etc.

4. Markets To Exploit

5. Types Of Customers

C. Distribution

1. Customer Service

2. Delivery

3. 1-800 Number

4. Flyers

V. MANAGEMENT

A. Implementation

B. Controls

C. Training

D. Labor

E. Independent Contractors

VI. OPERATIONS

A. Hours

1. Operation

2. Delivery

3. Specialty

B. Maintenance

1. Vehicles

2. Equipment

VII. LEGAL STRATEGIES

A. Licenses

B. Regulations

C. Insurance

VIII. FINANCIAL STRATEGIES

A. Taxes

B. Capital Requirements

1. Financing

2. Required Investments

3. R.O.I.

4. Breakeven

5. Working Capital

C. Benefits

1. Security

2. Health Coverage

D. Projections

1. Ratios

a. Quick Ratio

b. Debts To Assets

c. Asset Turnover

d. Cash Flow

E. Expenses

1. Lease Payment

2. Royalties

3. Printing

4. Insurance

5. Utilities

6. Telephone

7. Labor

8. Bank Fees

IX. STRATEGIC PLANNING ANALYSIS

A. Long Term Goals

B. Manager Plug-Ins

C. Renewal Of Franchise License

X. APPENDIX

A. Competitors Brochures

B. Feasibility Studies

C. Picture or Rendering of Location

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How to Pivot Your Small Business Strategy During the COVID-19 Crisis

Easy Ways to Create a Coronavirus Crisis Management Plan

As small business owners, we’re prepared for a lot of things, whether it’s a seasonal shift in sales or an unexpected employee absence we have to step in and cover.

But we’ve never seen anything like the COVID-19 pandemic, leaving us uncertain about how to cope in these strange times.

I know that this is a scary and isolating time both personally and professionally. I hope you’re staying safe and healthy, and that this article can help you with planning for business challenges related to the coronavirus.

I’ve personally had to pivot many times as an entrepreneur, and while it can be stressful, it can also be a time of innovation and growth.

As you’re creating your coronavirus crisis management plan for business, here are a few things to focus on:

The Importance of Helping Over Selling

I get that you have a company to run, and I’m not suggesting you start giving things away for free or risk your health to open up shop. What I’m recommending is that you take a step back and think about your community while you’re running your company.

Maybe there is a way that what you offer could help people in this difficult time. One of our clients, The Broken Whisk, has had to stop serving customers in their Agassiz, B.C. restaurant. They instead created a select menu of gourmet meals for only $5 each, which can be ordered in advance and picked up.

And not only is their Facebook post getting liked and shared because it’s a delicious offer and a way of giving back to the community, it’s also started a chain of charitable giving. More and more people are donating money to buy meals for those in need.

Is there a way you can adapt your current marketing model to better serve your customers and community?

Online Events & Offerings

Obviously, hosting a conference or awards dinner is off-limits at the moment. A huge part of your planning for business challenges related to COVID-19 is going to include an online marketing strategy.

Think of some ways you can still connect people from the comfort of home, including webinars, Facebook Live videos and virtual conferences using tools like Zoom. And don’t just focus on coronavirus-related content. Keep producing video that will benefit your small business marketing strategy long after the COVID-19 crisis is over.

Here’s a good example of a pivot to online marketing. A Stroke of Genius is a client of ours located in North Vancouver, BC. As an interior decorator, Barbara Aylesworth has built her company working directly with clients and manufacturers. However, with the COVID-19 crisis, she’s had to pivot her marketing strategy to include virtual consultations and project management.

Barb is also inviting people to send in their pics of decorating and design challenges via Instagram, offering to then send her ideas for possible solutions.

This is a fun and inspiring way to engage her community when people need it the most!

Should You Stop Marketing During COVID-19? Read more on our website.

Unless you sell toilet paper or hand sanitizer, you may be concerned about the impact of the coronavirus on your small business; your revenue, employees, and empty marketing funnel. So does that mean you should hunker down and stop your marketing efforts for the time being? No!

I’m a firm believer in focusing on what we can do and change while finding the opportunities amidst adversity. In this article, I’m sharing some ways you can address the challenge of marketing during a crisis and keep your company going.

Business Planning for Future Growth

Of course you have to respond to the COVID-19 pandemic with the right messaging, but don’t get tunnel vision when it comes to your marketing strategy and ad dollars.

While consumers are spending more time online, they’re not keen to make decisions about the future right now. If you have a service that requires your customers to plan far ahead or travel, your conversion rate will suffer during the outbreak. So don’t expect that the same content and ads that brought in traffic before the pandemic will keep coming.

But all is not lost! This can be an opportunity to engage with your customers on social media and increase your brand awareness with content and even paid advertising. With paid ads, you may even find that you have less online competition during an economic downturn, meaning you’ll pay less for more eyeballs and clicks.

From promoting spring-themed gift cards on your website to creating useful articles on financial planning during COVID-19, give your customers a reason to stick with you-even if the pandemic is bringing you more business.

For example, Your Yoga Flow is an online app that provides virtual yoga classes. If anything, they’re seeing an increase in sales as people try to stay active and healthy while cooped up at home. By not just selling their services, but providing a free meditation during “these trying times,” they boost brand awareness, give something back and stay top-of-mind.

If you’re willing to look forward while creating your coronavirus crisis management plan, you’ll be better positioned to stay relevant and remarket to your audience at a later time.

Empowering Your Employees

According to recent statistics, over 500,000 Canadians, or approximately 2.5% of the workforce, have filed E.I. applications already. If you haven’t had to make hard decisions about laying off staff, how can you keep your team busy and optimistic about the future?

Here are a few ideas:

  • Offer training opportunities to help your team and your company in the long-term-whether that’s getting a new certification or reading relevant industry books.
  • Consider making vacation policies or work hours more flexible to accommodate employees whose kids may be out of school, for example.
  • Share jobs across departments to increase responsiveness to your customers.
  • Involve your team in “back burner” projects or things you’ve put off because you were too busy before.

If your team is working remotely, make sure to check in with them often. A virtual daily coffee or 15-minute meeting to see how everyone is doing can be vital to your team’s mental health and well-being.

No matter what type of company you have, your customers are looking for help and assurance right now. As you’re developing your coronavirus crisis management plan, keep in mind that everyone is being bombarded with messaging noise.

That means emails from every company they ever followed on social media, bought a product from or signed up to get an eNewsletter from! As you pivot your small business marketing strategy to survive the COVID-19 crisis, make sure all of your communications provide succinct, meaningful and relevant information.

The more value you can offer your customers right now, the more successful you’ll be as we shift to a new way of marketing and emerge from a global crisis that made our world a lot smaller.

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Risky Business

Investors instinctively understand the importance of performing legal and financial M&A due diligence. Things tend to come off the rails though when it comes to performing an operations due diligence. Most investors simply don’t understand the role of operations due diligence and the result is that most M&A failures can be traced back to an ineffective operations assessment. Legal and financial due diligence are performed to determine the legal and financial status of a business at a point in time, typically the day a deal is closed. Operations due diligence on the other hand is determines the ability of the business to sustain its operations over time. It asks: Are there potential operations risks that could cause a future failure of the business? Investors rely on their attorneys and CPA’s to perform their legal and financial due diligence, but often attempt to perform the operations due diligence themselves instead of involving someone with risk assessment expertise. Worse, they perform a partial risk assessment by looking at management or sales or strategy, etc. but fail to assess the entire enterprise.

The recent bankruptcy of the Solyndra solar company has now become the poster child for un- sustainable businesses. Without delving into the politics of the bankruptcy or all of the possible reasons for the failure, it is fair to say that the investors in Solyndra, including the US Government, failed to effectively assess the operations risks that could impact Solyndra’s ability to sustain its operations.

The following are just two examples of the operations risks Solyndra faced. First; former employees have stated publicly that they were throwing out as much as $100,000 worth of defective solar cells each day. If this is true than an effective operations due diligence should have identified the high cost of quality as a potential risk to the sustainability of the business. Identifying that risk would have allowed investors to insist that a mitigation plan be put in place to reduce or avoid these costs. Second; as part of their marketing plan Solyndra was pursuing a proprietary product design. As the price per watt for standard solar panels began to drop, particularly those manufactured by their Chinese competition, Solyndra wasn’t able to make corresponding reductions in the price per watt of their proprietary products that would allow them to remain competitive. The inability of Solyndra’s products to compete has been attributed to commoditization of the standard panels and to unfair competitive practices by the Chinese. The reasons for the bankruptcy are not important to this discussion though. An effective operations due diligence would have identified the operations risks and their potential impact on the sustainability of the business.

We can assume that the Solyndra investors had a sufficient number of attorneys and accountants. Neither the quality risk nor the competitive risk in these examples would have been apparent in a legal or financial due diligence though and an effective operations due diligence was never performed.

Unfortunately, just as many investors misunderstand the role of operations due diligence, many businesses don’t yet understand the importance of implementing a formal risk management program and resist providing the funds for risk management activities. Solyndra should have identified their own operations risks and developed mitigation plans to avoid them. Businesses that manage their risk improve their sustainability. If it is important for investors perform a risk assessment as part of their due diligence, isn’t it also important that a business perform proactive risk assessments on a continuing basis?

With the release of ISO 31000:2009 (Risk Management Principles and Guidelines on Implementation) some businesses are starting to implement risk management programs in earnest. Unfortunately, even in these businesses, risk managers often have trouble justifying the funds to support their activities because senior executives have trouble justifying the cost of the program because it is difficult to measure the benefits of improved sustainability.

An effective risk assessment whether performed by an investor during the M&A process or as a proactive self assessment by a business must assess risk across all operations of the business. It is not sufficient to say we looked at the management team or the sales department, etc.

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Entrepreneurial Aptitude – A Measure of a Franchise Business Owner’s Probable Success

The Keys to Franchise Business Owner Success

The value of the brand, the location, the support provided by the franchisor, the quality of the product or service, local competition, and the economic climate…they all influence business success. We would expect the potential small franchise business owner to investigate these factors thoroughly as part of the due diligence process.

But the greatest variable of all is the small franchise business owner himself or herself, and his or her skills in managing the business. If you have never run a business before, how do you know that you have what it takes to be successful? It behooves the potential small franchise business buyer to extend the due diligence process to include an objective self assessment, something not usually done in any formal way by the franchise buyer.

Evaluating your Entrepreneurial Aptitude is a great way to measure probable success as a Small Franchise Business Owner.

Entrepreneurial aptitude may not be what you think. The things that make you successful in corporate America are not the necessarily the same as the skills you need to succeed as a small franchise business owner. Graduating with honors, being a great team player in a Fortune 100 firm for a number of years, or having been the captain of your college football team or cheerleading squad has little to do with your entrepreneurial aptitude.

The dictionary defines “aptitude” as the “potential to acquire skill.” When applied to an entrepreneurial environment, it is the potential to acquire the skills to manage the business. Who would want to buy a franchise without knowing that they have good potential to acquire the skills to manage the business?

But can Entrepreneurial Aptitude be measured in any meaningful way?

In fact, entrepreneurial aptitude can be measured. Studies of highly successful entrepreneurs define a profile of fairly common family background, childhood experiences, core values, personalities, and many more characteristics. Testing yourself against that profile of highly successful entrepreneurs is an excellent way to gauge your personal entrepreneurial aptitude. We encourage every potential franchise business buyer to “take the test before you invest.”

The Proof Is In the Results

The most successful entrepreneur that I have ever known matched the ideal test profile almost exactly. Although he would have had limited success working for someone else, his results as a business owner were phenomenal.

He started his software business while in his early twenties. He was an unimpressive looking guy with unimpressive credentials. He did not have a Harvard MBA; in fact, he never finished college. His experience was limited to a few years as a software developer. He had never managed anyone before starting his business. He was neither a charismatic personality nor a dynamic communicator. Clearly he was not the typical corporate executive profile.

I worked with him for eleven years. I was constantly in awe of his invaluable instincts and skills indicative of a natural-born entrepreneur. He had a clear vision of where he was taking his business, and a passionate contagious uncompromising commitment to get there. He was brilliantly creative. He had a strong bias to action rather than debate even if he did not have the consensus of his senior staff.

He had started the business with no outside investors and retained full ownership. When he decided to exit the business, he sold it for an undisclosed amount in excess of $500,000,000 (yes, I do mean half a billion dollars with a “b”). And it was all his!

He had the perfect entrepreneurial aptitude.

Take the test before you invest

Scoring highly on an entrepreneurial aptitude test like the one that we provide to our clients is no guarantee of success in running your franchise business, nor is a low score a guarantee that you will fail. But it is a clear indication of how easy it will be for you to develop the skills necessary to run a small franchise business and whether you have the fortitude to do so. It is a very important step in the franchise business purchase due diligence process that should never be overlooked.

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Debt-Consolidation Companies Approved by the BBB (Better Business Bureau)

In life we understand that there are high points we never want to leave and low points we hope to forget. One of the most common situations that many endure are financial problems. In today’s economy it can be a bit hard to make the money necessary to save enough to make a big purchase or investment up-front (for example paying cash for a car or home, covering medical expenses, or even taking a much needed vacation). With this in mind, taking out a loan is something that many see as a temporary relief or a last resort option in the case of an emergency.

At times, the decisions we make during bad times, permeate into our good times. If a loan with poor terms is acquired under stress, there’s a good chance that consolidating your debt is a solution that will relieve the pressure. There are Better Business Bureau (BBB) approved consolidation loan companies that can help you re-organize all of your loans accordingly and begin paying them off.

Cambridge Credit Counseling

With an A+ rating from the BBB, it is pretty safe to say that by first impression Cambridge Credit Counseling can be a great company for you. Their main goals is to help individuals consolidate their loans including housing, credit card, student loan debt and more.

As a full-service consumer credit counseling agency, if you are experiencing a multi level situation in regards to your loans, the entire team is experienced in pointing you to the right direction.

Accredited Debt Relief

Accredited Debt Relief was established in 2008 with the intentions of helping individuals in their financial shortcomings. As a consumer you will be able to receive a free quote in addition to free consultation as well. Their goal is to assist clients by consolidating debt and resolving said debt within 24-48 months. Depending upon your personal situation you can expect your rate to be between 4% and 8% (which is pretty great comparing to the average).

National Debt Relief

National Debt Relief helps clients with debt solutions regarding housing, credit cards, and regular loans. Many customers have noticed that their credit card payments were reduced by 30% – 50%. While bankruptcy tends to be a option that some take, it is not necessarily what needs to happen.

The difference between bankruptcy and consolidating your loans is complex. Bankruptcy has long term effects on your credit but it can be positive if you are not looking to make any credit-based purchases in the near future. Consolidating your loans is a reduction in the payment or a renegotiation of the payment terms. There is no delay, as you continue to pay back your debt immediately. The sooner you pay your debt back from loans, the quicker you can begin to improve your credit score, making BBB approved debt-consolidation companies an option worth looking in to.

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Creating Repeatable Business Growth

Mix the power of today’s social media with the constant need for business growth and you get a whole lot of:

  • Hoping for success
  • Wishing for things to “go viral”
  • Comparing with someone else who “went big”
  • Being willing to pay exorbitant amounts for social media experts
  • Pleading for growth

But the recipe for business growth has not changed. It remains the same:

  1. define what you want
  2. figure out how to get what you want
  3. and then do it

Instead of hoping and wishing for success, wouldn’t it be better to control the process? Then you could push the REPEAT button as often as you like.

Thankfully, you can get the business growth you want and need, over and over and over. Whatever your industry, business growth is the goal.

Here is how you can do it:

STEP #1: Define What You Want

Starting at the top, do you know what you want? Are you looking for awareness, prospects, referrals, authority, respect, recognition, local networking, open doors, branding, more sales, retention, upselling, or something else?

Be sure you know exactly what YOU need. Specifically, what is it that will boost your business to the next level? What is it that will cause the exponential growth you seek? What exactly did you want to “go viral” and how would that have helped you?

Once you know what your business needs, the next step is figuring out how to get it.

STEP #2: Figure Out How to Get What You Want

Mike had one pressing need: RETENTION. Together, we created a book (print cost was less than $1/bk) that was given to his customers. The book explained the benefits of the nutritional supplements that Mike’s company created and sold. Each supplement order included the small book, which increased retention as people became more knowledge about the product. As a result, the company’s profits went up by $100,000-$200,000 per month because customers stayed on the product for 2-3 additional months.

Dave wanted one thing: more SALES of his core product (a $2,000 leadership program). We created a book (less than $1/bk to print) that was sold to his franchise sales reps (for $3/bk) who in turn gave the books to their prospects. Business soared! The leadership program sold faster than ever. Dave promptly reprinted 5,000 more books and repeated the process.

Beth wanted more BUSINESS. As a commercial architect, she was always looking for more jobs, leads, and referrals. We created a children’s book, full color with a glossy hard cover, that cost around $5/book to print. Every person she did business with received a copy. And when the clients went home and read her book to their children, they could not help but remember Beth! And recommend her! And her business grew.

Chris needed a JOB. We created a small book (at about $4/bk to print) that turned 8 job interviews into 8 job offers! His challenge became which job to choose.

Bill wanted REFERRALS. As a home inspector, he wanted as much business as he could handle. He bought a DIY home-maintenance book (for around $10) and gave it to his customers as a small “thank you for your business.” One customer referred Bill to everyone he knew who was selling or buying a home. One $10 book turned into countless referrals!

The stories are endless, but each of these real examples show the incredible power of repeatable business growth. To get more retention, sales, business, jobs, or referrals, all these individuals need to do us push their own REPEAT button!

They know what they want and they know how to get it. Their growth is repeatable!

STEP #3: Then Do It

When you know exactly what you need to grow your core business, and you have a proven way to get the growth you want, the only thing left is to do it. And then you can do it as many times as you want. REPEAT… REPEAT… REPEAT is now at your fingertips!

This is far better than any “viral” success because you are the one who controls it. You created it, and that means you are in charge. You can tweak it and refine it. And you can do it again and again.

Repeatable business growth is real, consistent, and money-in-your-pocket growth. That’s what you want!

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Balloon Business Offers a Fun and Simple 6-Figure Income

It is by far one of the best kept secrets when it comes to home based businesses.

A balloon business is recession proof, offers a 6-figure income, it’s fun and holds one of the highest success rates of any home based business in the country.

A balloon business is one of the strongest home based businesses in America that can be started on a shoestring, and have you earning significant income in less than 30 days.

Let’s just work with facts.

There are many markets that can be worked with a balloon business, each market offers a 6-figure income. You simply decide which market or markets you want to work.

Let’s look at a couple of those markets:

Balloon Decorations:

Fact is that high schools are still spending on average of $2,000-$3,000 on balloon decorations for their proms. Prom jobs are very easy to pick up, and prom committees have many fund raisers which allow for very large profits from these jobs.

Weddings over the past 10 years have gone more towards balloon decorations with arches, centerpieces, walkways, hearts and much more. Average wedding decoration job now averages over $2.300.00.

The great thing about balloon decorations is that the demand is much higher than the supply. There is very limited competition, and when the correct marketing techniques are implemented it is very easy to dominate your local market.

This is the tip of the iceberg as there are many more needs for decorations including:

  • Office parties
  • Birthday parties
  • Radio and TV banquets

With just the above markets, the average income for a balloon decoration business is $135,000.

The great thing about this business is that it is very simple to learn and very easy to get started. But there is more, much more.

Character deliveries add on average an additional $112,000 per year to your pocket. No you do not have to run around dressed as a clown or bear, but you can, or you can hire the people needed to perform these jobs which offer tremendous income.

Let’s take a look at some of the characters that deliver balloons for all types events:

  • Police Officer – This one can be some fun.
  • Gorilla
  • Teddy Bear
  • Belly dancer
  • Clowns

Okay laugh, fact is that in most parts of the country balloon companies are being paid for a teddy bear to deliver balloons and sing happy birthday on average of $65.00 for five minutes of work. Even if you are hiring someone to perform your jobs you are making a very nice profit.

This market earns balloon companies on average of $112,000 per year.

Belly dancer’s will run an average of twelve jobs per week with an average job around $95.00. Even after paying the dancer, the balloon company profits over $35,000 a year from just this one character.

Valentines day is a $3,000-$4,000 day. Even with the right people in place you will not handle all the jobs that call in.

During the Christmas season Santa is hired out on average of thirty times for at least two hours per job to various business parties. At $110.00 per hour, and paying Santa $25.00 per hour, the average balloon business picks up a very significant Christmas bonus.

There is more, balloon sculptures, balloon drops just to mention a few. People are not going to stop spending money for their kids birthdays. Office parties? Balloon companies perform over 20 jobs per week with birthday parties in businesses. Everyone chips in $5 or $10 and has a belly dancer or teddy bear come in during lunch. It is fun and very profitable.

Some people decide to simply work one aspect of the many markets mentioned above. Since each market represents a six figure income it makes sense.

It is a business. When you get past that and realize how much fun this business is and how it can afford you and your families tremendous income, you realize that you have one of the strongest businesses in the country.

Even in a recession people are still spending money on their kids, proms, parties, weddings and much more.

The balloon business also offers an amazing opportunity to start on a shoestring and earn very significant income within your first month or two.

Bartering with radio stations (who hold banquets for their clients every week) allows you to build a very strong income almost immediately. You are paying pennies on the dollar for advertising while your competition is asking themselves who are you and how this happen.

In today’s economy there are not a lot of businesses that can boost that their income is up. Balloon companies are soaring and for good reason.

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Start Your Online Store Business In Arizona – How To

It’s been a year now, since I started the online store business with my partners. We have gone through a lot of learn steps. I think it will be useful to put down the processes of starting an online retail business in Arizona. Who knows what will happen tomorrow. I may start a new business again.

These are the brief steps.

  1. Search availability of the new company name at Arizona corporation commission from the link below.
  2. Filing the required documents to register the company as s-corporation. If you prefer to start as LLC, you can do so by choose different corporation type and fee schedule.
  3. Download the filing forms from the link below
    • Covert Sheet
    • Articles of Incorporation for Domestic Corporations
    • Certificate of Disclosure for Business Corporations
    • $95 check write to Arizona Corporation Commission
  4. If the document is filed with Expedited process ($60 + $35), it will take about a week to get the Article of corporation document return ($5/each). Otherwise, it will take about 55 days.
  5. Once received the article of corporation, publish the article in 60 days. AZ capital time can complete the whole process for about $91, including mail the published copy to AZ corporation commission. Of course, there are many public newspaper can do it for you. Find the best one for your need.
  6. Once the process is completed, call IRS.gov to get a new EIN (employee Identify Number)
  7. Download and file the 2553 S-corporation election form to form the s-corporation
  8. Apply the Arizona retailer license online at AZTaxes.gov
  9. Apply a new business check account with bank
  10. Apply a new business credit card
  11. Find a good company to buy the startup package (including bylaw, minute book, etc)
  12. Register the desired domain name at Godaddy.com, which contains reasonable price.
  13. Find a good hosting company.
  14. Setup open source shopping cart from Zen-Cart.com. It’s FREE!
  15. Customize the logo and layout
  16. Input the products
  17. Setup Paypal business account and link to the shopping cart (Paypal IPN)
  18. Get a SSL certification either on your own or with your hosting company. Without SSL, Paypal won’t accept your credit card processing request.

The time to complete the entire corporation filing is about a month. Now. It’s up to your to run the business. Few notes to remember.

AZ requires to file the tax return monthly. Fedral requires to file tax return quarterly. Do well research on your product supplier. Many drop ship companies charges your extra amount if want to cancel your relationship with them. Also be aware of where the product was made and shipped. If the product is made in China, most likely you can find different shipper carrier the same product with different brand name. You can bargain the price.

To succeeded as online business, your customer services and quality of your products are both important. Ignore your customer’s feed will cost you a lot more to recover the damage your did.

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9 Ways to Organize Your Small Business Using Binders

Staying organized is key to an efficient, successful small business. A must-have organization tool is the binder. A binder, with its labeled page dividers and paper, can make order out of chaos in such a simple and affordable way.

Vinyl binders are a great choice for the office because they are durable. There are many vinyl binder options available. There are binders with round or D-rings. The 3 ring binder is a popular choice. In addition to the standard 3 ring, there are 2 ring, 4 ring, 6 ring, 7 ring and more. There are different sheet sizes, pockets and you can customize your binder with logo printing on the cover. Poly Binders and Entrapment Binders are other available options.

Binders organize priorities, goals and time to achieve a more efficient workplace.

Organization online resources and apps are wonderful, but when your Smartphone loses its charge or the Internet service is out, there’s nothing more satisfying than sliding a binder off the shelf to use as you work, hold a meeting or jot down ideas.

Here are 9 ways to use a binder effectively:

  1. Schedule calendar. It’s a time management tool that can be included in the office binder.
  2. Ideas. An idea section helps organize employee suggestions and notes that can be referred to during the next team meeting.
  3. Advertising. Corporations may need several binders to keep track of advertising clients or where they advertise. A small business can have two sections in the same binder; who is advertising with their company and where they are advertise. Reports showing money spent and ad response should be included. The section can be used during meetings to discuss whether or not an advertising campaign is an effective use of funds.
  4. Social Media. Keep track of social media marketing campaigns, networks, blogs, and goals.
  5. Goals. Departments have goals: weekly, monthly and annual. A section in the department binder is the perfect place to keep track of projected goals, and inforgraphs, charts and tables that show progress. Include short terms as well as long term goals.
  6. Budget. In this section you can organize monthly QuickBooks or other accounting reports and statements concerning gross income and expenses that can be referred to quickly and easily.
  7. Project List. Whether it’s a blog piece deadline, social media marketing campaign, or upcoming trade show, your business has projects in the works that can best be executed when properly organized.
  8. Inventory. If you have a retail business, whether brick-and-mortar or online, an inventory section can help you organize orders, payment processing, shipping, tracking, reports and more.
  9. Office Equipment and File Maintenance. Chances are you neglect the necessary maintenance of your office equipment and electronic files. Organize dates to have the laser copier serviced, back up computer files, clean the computer cache, and clean the computer keyboards.

The above organization tips offer easy solutions to common problems. If you use even a few of the suggestions, your time management skills and productivity will improve. A binder can help you prioritize projects. Your business will operate more economically. And best of all, your stress level will decrease.

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Grow a Business That Involves Woodworking

Growing a profitable business from home is possible even in these uncertain economic times. If your passion is woodworking or even if you have little or no experience in this area, it is possible to be successful in starting a business that centers on woodworking.Areas of such a business could also include designing and building sheds or boats. All you need are proven business plans. You will also need plans that will give you step-by step instructions with regards to building various woodworking projects.

There are a number of business plans available on the internet that help get your woodworking business started and become profitable in a timely and cost-effective manner. These plans should explain the necessary tools and materials you will need to complete your various woodworking projects.

Sourcing the materials you will need to complete your wood working projects is very important when it comes to the bottom line. You will also need to exactly what to purchase so that there is no waste. You do not want any left-over materials that will not be used in future projects.

You will need to know what types of woodworking projects to build such as furniture that will most profitable. Maximizing your profits by producing a good quality product that is easy to sell will help your woodworking succeed in the short and long-term.

Many of profitable woodworking projects can be built with basic woodworking tools. You do not always need expensive power tools or a large garage.These easy to build crafts can be built-in assembly line fashion. This will reduce your overhead and help your woodworking business become profitable in a timely and cost-effective manner. A proven woodworking plan will help you achieve this.

The woodworking crafts you decide to build could be easily constructed in the shed in your backyard. This would free up you garage for other uses such storage or keeping the materials needed for your woodworking projects.

If you don’t have a shed on your property it is possible to build one with little or no woodworking experience. There are many resources on the internet that will provide you with step-by-step instructions on how to complete such a project. The cost for the plans are sometimes free or can be acquired at minimal cost. After completing your shed you might to make the design and construction such structures as part of your woodworking business.

Best Regards

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