Finance

/Finance
  • Resource Toolkit: Compilation of the documents from each lesson/topic

    This resource toolkit puts many valuable templates, models and check lists at the finger tips of the user.  Each ties into one or several of the lessons but can be use as a stand alone.  As the lessons expand more templates and guides will be developed and available.

    Good Luck in your Venture!

     
  • Budgeting-Why Spend the Time?

    Budgeting is a process. The entrepreneur may want to take short cuts but this is no place to start.  I may be time consuming and sometimes brain twisting, but it is well worth the trouble.  .  In the end, this lesson demonstrates the value of the process and its components and will provide the "how-to" every step of the way.

    Good luck in your future Venture!

  • What do the Numbers Mean?

    Going into business may be easy but understanding why your business is profitable or unprofitable requires some education and knowledge.  This knowledge allows the entrepreneur to make businesses decisions with more understanding that not.  The financial statements provide information to help the entrepreneur determine if the business is profitable and evaluate if there needs to be a change in the business policies and procedures.

    Good Luck in your Future Venture

  • Financing your Venture

    Have you tried to find money to finance your venture? Sometimes it is hard-like betting your head against the wall.  Either your credit score is too low or you do not have enough assets or cash to secure a loan.  This lesson give insight on different methods small business have used to finance their dream.  There are resources, links, tooks and practical applications that can be applied to the entrepreneur's issues and situation.  Take these ideas and run with them.  They may make a difference and help in getting to where you want to go.

    Good Luck in Your Venture!

  • Home Based Business

    What a great idea! Work from home at your own schedule at your own convenience and in whatever attire you want to wear.  Sounds great and it all may be true.  This lesson will bring to light some of the legal, tax, regulatory and social issues of working from home.  Many questions will be answered such as can I deduct a home office expense on my taxes?  Many of these issues will be  discussed bringing in practical illustrations and some realistic discussion of the laws, regulations from a local, state and federal perspective.  The more you learn the better you can make informed decisions.

    Good Luck in your NEW Venture!

  • Family Owned Business

    Family owned businesses can be very tricky.  They have an element that does not exist within non-family owned businesses and that is RELATIVES and family togetherness.  When in business with relatives, it may be difficult to keep the emotions out of the business but no one said it was easy to go into business, especially with relatives.  Int he beginning it may sound like paradise.  As the business progress, then issues may pop up:
    • Who does what?
    • Who gets paid what and why?
    • How will it work during family events and activities?
    • Who gets the bigger house/ auto and why?
    This lesson addresses many of these issues

    Good Luck in your Venture!

  • Franchising

    Franchising has been around for a lot of years. You are buying a system, a process and a brand.  In all of this it is still you running the business.  It is still the location and the environment that provides the resources.  When looking at options of going into business, don't be blindsided by expecting a franchise to be the ultimate solutions.  You and your experience, knowledge and team are the real heros. This lesson helps the entrepreneur to get an unbiased view of franchising and to present the fact and views without something to gain.  Be aware!  Every business type requires the same due diligence process but each alternative or option will have its own uniqueness that has to be understood and worked out.

    Good Luck in your Venture

  • People, Practices & Pitfalls

    This lesson discusses the law, rules, regulations and pitfalls (consequences) of the game.  If you don't play the game according to the rules, be aware.  Remember in Monopoly, if you fall on the wrong square you go to jail and it cost a lot of money to get out.  Same thing happens in real life.  This lesson help the entrepreneur to be aware of some major issues that may come up while being in business and the application of those issues in the workplace. This lesson provides a great deal of actual case, practical examples or what to do and the fines of doing it wrong.

    Good Luck in your Venture!

  • Forming the Organization Structure

    The most popular legal entity in the United States, today, is and LLC (Limited Liability Company).  Why? 85% of the people I as this question say "because I am protected if something happens?"  Are you sure? This lesson will help the entrepreneur learn the facts and see how it is applied in the real world of business.  One entity does not fit all needs so due the homework to get the facts.  This lesson will make you think and provide the information to ask more questions.  The more you learn, the more you will want to know.

    Lesson number 1-an LLC is a legal entity organize in a state.  It is NOT a taxing entity.  Sign up for the less to learn more

    Good Luck in your future Venture

  • In the Beginning-Turning your Dreams into Reality

    Going into business may be easy.  Staying in business is the hard thing.  Not understanding the marketplace, the competition, the customer needs, the rules and regulations will certainly put you at the disadvantage.  This lesson provides information to help you understand these issues and provides tools to use.  What we want to deliver isn't necessary what the market wants.  We should know this before we make the investment in time and money.

    Learn more so you can do more and hopefully reduce your risk of failure

    Good luck in your Venture!

  • Are you up for the Challenge?

    This is the beginning of the rest of your life.  This lesson is all about your readiness to jump into the ring of entrepreneurship.  Here you will be able to understand the challenges and look into yourself and reflect on the traits, characteristics and responsibilities of being in business.

    Good Luck in your new Venture!

  • Marketing-All it Takes

    Marketing is one the required elements of a business.  Marketing and its integrated parts is what brings the customer to the store front-digitally or physically.  Marketing is all about the needs of the consumer, where to position the product/services, how to price and brand the product.  Marketing is coupled with market research, to understand the market place and how it is changing.  Marketing is what makes the cash register ring and the bank account increase.  It is a function that begins before you go into business and stops only when you cash out.

    Good luck in your Venture!

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