2 serious questions about your present business...

1.    Is your business now, or soon to be grossing over $100,000 a year?

If not, can you honestly call it a business? Federal studies now show you need to make over $43,000 a year yourself just to live in an average apartment in Los Angeles. How do you expect to pay yourself a living and cover all your necessary business expenses if you gross less than a hundred thousand dollars a year?   You may need to review some basics about your overall business plan.

But if it IS either making or handling over $100,000, the next question is:

2. Are ALL your business liabilities TOTALLY isolated from your personal family life?

If not you need to seriously consider incorporating. Incorporating You offers a free video that explains the advantages of setting up a corporation to handle the daily bumps, grinds and liabilities of daily business life and allow you and your  family to sleep in peace.

The structure of your business is your foundation.  A trowel is fine for transplanting daisies, but to raise a crop, build a home or skyscraper, you need a tractor or Caterpillar diesel shovel  to create a suitable foundation on which to build your structure.  Any farmer will tell you you need serious tools to feed not only your own family but to make enough to sell for profit.

Likewise in business, a sole proprietorship is fine for a lemonade stand, but if you plan to do serious business like operate a service station, laundromat, renovate real estate, or sell a thousand widgets a month from your web page, you are going to encounter liabilities and short term need for expansion capital.  You would be exposing yourself and your family to tremendous liabilities by tackling any serious business venture as a sole proprietor.  ANY credit built under a sole proprietor, or even a sub-chapter S corporation in your own state, ultimately goes back to YOU as the one who is liable for repayment.  There IS a better way to do things.

 Incorporating You can show you the training program that fits your business requirements and allows you the business strategies that the "big guys" use. Their number is (714) 224-1750.   Say you heard about Incorporating You from COMMUTE *FASTER  .com.

Academics will bore you to tears with details about how to write a lenghthy business plan.  Scores of other "professionals" will charge you upwards of $15,000 to write a business plan for you to pitch to investors.  But if you can answer these straight forward basic questions, you already HAVE a good business plan to work with.  If you can't answer these questions with confidence, you might not have a workable plan and need to review and adjust your essential steps.

1. What is your product or service?  You'd be surprised how many businesses can't answer this.
2. Who buys this type of product or service to use?
3. How do you plan to let these potential customers know you have this to offer?
4. Can you deliver your product or service to them at a competitive price?  Do you have an accurate analysis of what your product generation costs are to offer a price that is truly both profitable to you and fair and competitive to the customer?  What are your specifics on this?
5. How do you expect payment from your customers?  Can all of your customers afford your price, or will some need financial assistance?
6. What are ALL of your expected overhead costs?  Administrative office, warehousing, accounting, sales force, advertising?
7. How many products or service units must you sell per month to cover all of the following
• Monthly overhead (utilities, raw materials, rents, advertising)
• Annual overhead  (licenses, registration fees federal, state, county, city levels, insurances)
• Employees' wages (include yourself, necessary payroll service costs, taxes, workers comp, benefits)
• Legal assistance , bookkeeping sufficient to please IRS or investors
• Tooling acquisition, either rent, lease or purchase
8.     How long do you honestly feel it will take to build up an adequate customer base to meet and exceed the necessary sales to cover all the above expenses?
9.     Where do you plan to acquire your start up capital to cover this expense until the business can reach the "black.?"  Is capital acquisition cost budgeted into your overhead?

When you have a solid, confident answer to all of these questions, you have a good plan to start.  Now you need to protect your plan with a solid corporate structure and wise management to keep the "unexpected" from leaking over into your personal life.

Give Incorporating You a call now (714) 224-1750 for details about how most any size business can set up a corporate structure from the start and prevent your business plans from turning into your family's demise.

Say you heard about Incorporating You from COMMUTE *FASTER  .com.