When you have an idea to start a new business, one of the first tasks you should do is to create a business plan. In fact, a survey from Palo Alto Software found that putting a business plan in place actually doubles the chance of your Georgia business’ success. People who are new to the entrepreneur world may feel a little uncertain of how to start. Here are some key items you should consider when formulating your plan.
Last week, our blog started discussing how budding entrepreneurs eager to get their business off the ground or operating at the next level, but who remain stymied by insufficient capital may consider securing financing from the U.S. Small Business Administration.
It is a truly exciting time when a group of budding entrepreneurs come together to share ideas, develop a business plan and lay the foundation for what they hope will someday be a successful venture. Indeed, things become even more exciting when these entrepreneurs put their business plan into action and start trying to turn a profit in earnest.
Most people identify places like New York or California's Silicon Valley as being the desired destination of choice for launching tech startups, meaning those businesses that are typically still in their infancy and financed by their founders.
As we've touched on before, one of the most important tasks that would-be limited liability companies, limited partnerships, nonprofit corporations and corporations must complete at the outset of operations is filing with the Corporations Division of the Georgia Secretary of State.
Chances are very good that the last time you accessed the Internet, you encountered a story or link to a story discussing some sort of new rankings report from some sort of publication.
In prior posts, we've discussed how those looking to start their own business will first need to determine the legal entity that will best serve their purposes and protect their interests whether that's as a sole proprietorship, general partnership or another option.
When a business entity starts seeing both sustained demand for its products or services, it's only natural that discussions regarding the expansion of operations should start to occur. Indeed, while some business owners might be ready and willing to add on to existing facilities or build another site within their current state, others may be looking to commence operations in an entirely new location.
As we discussed in our last post, one of the first -- and most important -- issues to confront anyone looking to start their own business is their legal identity. Specifically, they will need to decide how their new business will organize: as a general partnership, limited liability company, sole proprietorship, limited partnership or corporation.