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The Latest Questions Small Businesses Are Asking

Up and Running

Consider a venture feasibility study as a start on a business plan if the idea looks profitable. Do I need to hire a Certified Public Accountant (CPA) for my small business? As a licensed professional, a CPA has to adhere to a code of professional ethics.

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How to Form a Corporation

Up and Running

Consider finding and working with a CPA and a lawyer. Having these experienced brains reviewing your business plan can help ensure you don’t waste time and money on what is really a cool hobby or rewarding social venture masquerading as a great business idea. Decide on your business location. Primary sources.

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

One of the first things overly-optimistic entrepreneurs discover as they look for funding is that banks don’t fund business plans. So your business has to have hard assets it can pledge to back up a business loan. Business plan. CPAs get sued over bad audits. Banks are dealing with depositors’ money.

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‘Dear Abby’ Style Advice to Real Entrepreneurs

Startup Professionals Musings

I am a young senior educated in Business Administration, with more than 15 years in the HealthCare and Financial Service business. I have developed a Non-Profit and a For-Profit HealthCare and Home Care Agency, and I have an Executive Summary and Business Plan.

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8 Essentials To Qualify Your Startup For A Bank Loan

Startup Professionals Musings

Here are some tips and rules of thumb to improve your odds and help you understand when a bank loan or line of credit is possible, and how to get it: Write a good business plan first. Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression.

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Do You Have Fear of Financials?

Up and Running

I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. 2. Forecasts don’t take an MBA, CPA, or PhD. For example, did you see how prices ended up lower or higher than what you thought? Or conversions on the web?

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8 Strategies To Improve Your Odds Of Getting A Loan

Startup Professionals Musings

Here are some tips and rules of thumb to improve your odds and help you understand when a bank loan or line of credit is possible, and how to get it: Write a good business plan first. Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression.