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tools

A business owner must consider many aspects of the business. It begins before they get underway and it will continue through the lifecycle of the business. The following is but a short list of key considerations:

Business Plans- They are important. Al Prosch once said, "You don't have to have a business plan to survive but you better have deep pockets and be incredibly lucky in your decision making if you don't have one." The following are useful in developing a business plan:

Partnerships- It may be true that having a partner can add a great strength that you do not have, but having more than one in charge brings unexpected challenges. The following form often can help flush out the realities of partnering and helps define many of the considerations you should agree to before you enter into a financial tie with another. It considers commitments regarding: entering the partnership, how you will work together and what happens that day the partnership ends:

Financial Managment- The financial results of your business will dramatically impact your family's financial condition. Harold S. Geneen once said, "When you have mastered numbers, you will in fact no longer be reading numbers, any more than you read words when reading books. You will be reading meanings." Take it on with passion! Cash is critical, consider:

The following tool is complex but useful in establishing appropriate funding through projections:

How Much Is a Business Worth?- Be sure to buy right and sell right. The following is a useful tool in understanding valuations:


Biz Financing Inquiry Form