Small Business Startups
Entrepreneur: a person who organizes and operates a business or businesses – dictionary.com
Entrepreneur: a badass who should not spend their time and energy doing the boring stuff – PHG
Did you know that an alarming number of small businesses fail simply because of unintentional poor planning and preparation and NOT because of intentional mismanagement?
You have an idea for a potential new business. You have the resources, the enthusiasm, and the ability to make it happen.
What you may NOT have is all of the information you need to avoid some unnecessary mistakes. Mistakes not only cost time and money and cause inconvenience, but sometimes real trouble.
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All businesses have unique formation, legal filing, operational compliance, and reporting and tax consequences – and those differences begin right at the very beginning with the choice of entity type.
Most of us would (hopefully!) not consider brain surgery or a new home build to be a ‘DIY’ project, we would seek out the guidance of an expert.
Starting or operating a new business deserves the same kind of attention!
What can I do for YOUR new business?
Form It: Formations, Filing Applications and Changes
Are you thinking of starting an entirely new business, or maybe going from being a Sole Proprietor to a more official LLC? Maybe you need to make other changes to an existing business, or dissolve one that is no longer serving your purposes. Even inactive ones can still have filing and reporting requirements, as long as they are officially still in existence – stay compliant and avoid additional costs!
Build It: Installations
You’ve heard you should do a few different things – open a bank account, accept credit cards, create your price list, use some apps, track your business expenses, pay yourself…..but now what? Which apps, programs, and setups are right for you and your business? Which ones will be cost-effective and help you get more done, faster? Don’t waste time or money on unnecessary “stuff”!
​We’ll get it done in the right order, and I may even be able to get you some discounts!
Proper Structure: QB File SetUp
You’ve heard you should keep your business and personal expenses separate. I agree! You’ve also heard you should use QuickBooks®. I agree double! Did you know there are several different versions? Which one is right for you? Will it be set up correctly so that every transaction entered is allowed for your industry, specific business, or entity type? Spoiler Alert: I am your one-stop resource for ALL of the above!
Furnish It: Open House
Its time to start branding, advertising, and marketing your business. Do you need help designing your logo, creating your website, or getting it in front of an audience?
*While I WISH this was in my skill set, it is NOT (sigh). There are real experts out there, and I have relationships with a few that could get you started in the right direction!
Live In It: Accounting & Tax
Are you thinking of DIY-ing it to save money? Spoiler Alert: It NEVER really saves money! Trusting your bookkeeping or accounting to someone who does not understand the tax consequences of the data, or knows what is even allowed for your industry, specific business, and entity type WILL cost you! Understanding how your business is doing financially BEFORE it is too late to make any changes is one of the main reasons that some businesses made it, and some did not. A U.S.-based, Advanced Certified QuickBooks® ProAdvisor at your side is worth more than they will ever charge you – trust me on this.
CELEBRATE!
Hopefully by now, your business is off and running. Take a day off and celebrate! I can always be called to have a virtual glass of champagne with you and find out how things are going!
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Used with permission under the QuickBooks ProAdvisor Agreement.