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    Guide to Starting a Business
    Guide to Starting a Business
    Guide to Starting a Business
    Ebook105 pages1 hour

    Guide to Starting a Business

    By Dr. Mary E. Waters

    ()

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    About this ebook

    Starting any business is always a difficult challenge. In " Guide to Starting a Business, Dr. Waters provides you with a comprehensive guide to getting a business up and running with little capital. Dr. Waters provides authoritative answers to these basic questions: "How do I begin?", "What business should I get into?", "Where can I acquire capital?", and "Where can I get reliable information?" She dispels first-time entrepreneurial jitters by providing a blueprint of what to expect during the first few years of a business start-up. Culled from personal experience, research and knowledge, Dr. Waters make a compelling argument for people to take control of their lives by becoming their own boss. Guide to Starting a Business emphasizes the need for a strategic business plan and proper management of finances. Constructive suggestions on how to improve areas of weakness are also provided. Also included are links to local and government websites to assist you in the start-up and ongoing management of your business.
    LanguageEnglish
    PublisherAuthorHouse
    Release dateFeb 14, 2013
    ISBN9781481707657
    Guide to Starting a Business
    Author

    Dr. Mary E. Waters

    ABOUT THE AUTHOR Dr. MARY E. WATERS is a well-known author, speaker and consultant. She has experienced the challenges of starting a business ?rsthand. Her firm, WAI ENTERPRISES, INC., Management Consultants, located in Maryland, designs and implements training programs and workshops in the areas of business and management. She specializes in teaching business start-up and professional image building. Dr. Waters has conducted seminars on business start-up at many colleges and learning centers throughout the United States, including the Learning Annex, which is located in the United States and Canada. She is the Official Selfgrowth.com Guide to “Business Start-up” http://www.selfgrowth.com/business_startup.html She is a small business expert at http://ezinearticles.com/?expert=Dr._Mary_E._Waters and http://ezinearticles.com/?expert_bio=Dr._Mary_E._Waters Dr. Waters holds an honorary doctorate degree. She also holds a Master’s degree in management from National-Louis University.

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      Book preview

      Guide to Starting a Business - Dr. Mary E. Waters

      © 2017 Dr. Mary E. Waters. All rights reserved.

      No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

      Published by AuthorHouse 01/05/2017

      ISBN: 978-1-4817-0765-7 (e)

      Any people depicted in stock imagery provided by Thinkstock are models,

      and such images are being used for illustrative purposes only.

      Certain stock imagery © Thinkstock.

      Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

      WAI Enterprises, Inc.

      938 E. Swan Creek Rd. Suite 148

      Ft. Washington, MD 20744

      www.waienterprises.com

      Table of Contents

      DEDICATION

      PREFACE

      Chapter 1 GETTING STARTED

      Chapter 2 CHOOSING THE RIGHT FORM OF BUSINESS

      Chapter 3 THE BUSINESS PLAN

      Chapter 4 TIPS ON FUNDING YOUR BUSINESS

      Chapter 5 MARKETING ON A SHOESTRING BUDGET

      Chapter 6 FINANCIAL REPORT

      Chapter 7 LIST OF GOVERNMENT AND STATE WEBSITES

      SUMMARY

      AFTERWORD

      EPILOGUE

      GLOSSARY

      ABOUT THE AUTHOR

      DEDICATION

      This book is dedicated to all of you who had faith in me. This book would never have been written without your encouragement and help.

      PREFACE

      Like many entrepreneurs, I struck out on my own to get control of my life. I wanted to become financially independent as a successful business owner. However, I did not know in the beginning stages how to start-up a business. I did not know whom to call or what questions to ask relating to the start-up. This book will answer many of the questions you might have about being successful in starting a business. This step-by-step guide will make the transition much easier for any first time business owner and it will serve as a reference for established business owners.

      This book explains the different types of businesses to help you decide which form is best for you. It lists licenses, permits and regulations required by type of business and state. It emphasizes the importance of preparing a business plan. It stresses that the business plan is the blueprint for the business. Certain areas have been highlighted that the entrepreneur should concentrate on to properly manage their finances. Contrary to what most people believe, there is money available to help start up your business. Once you receive the money, you should know how to prepare a budget and how to manage your cash flow in order to make the most of the funds available to you.

      My training and experience in management helped me to utilize my resources to the maximum potential. My experience in research was helpful in finding the resources that were needed to get this job done. I also asked for help and received it from several people and organizations. I turned to the Small Business Administration (SBA), my banker, lawyer and accountant. My friends and family members were also called on constantly for help. I joined professional organizations, attended trade shows and attended seminars on business at the local colleges to gain more knowledge in this area.

      The success of a business is derived from sticking with it, planning, working hard, managing your time, knowing where to go and whom to ask for help, meeting your deadlines, offering quality work, exhibiting high performance and more.

      Chapter 1

      GETTING STARTED

      Business Start-up

      Many people are beginning to start and operate their own businesses to help them as the unemployment rate increases and to prepare them for the future. During an informal survey, some of the reasons given as to why people start a business are to increase their income, get more control over their time, tax advantages, job security, service to the community, enjoyment of working with people, self-responsibility, self-reliance, success and the flexibility to make changes.

      Getting a business started for some people could mean just writing down on a piece of paper what needs to be done to get them from point A to point B. For others, they might need to know what kind of research needs to be performed to find the answer to many questions. To get clarifications on what your needs are, you might want to consider reading books, talking to people or just analyzing the data already available to you.

      The most important thing is to just do it. Getting started could mean gathering information, reading, analyzing or putting it to use. Most importantly, the potential business owner should start now.

      After you get started, there are steps you should take to get yourself organized; such as setting aside time to do daily readings. These readings will include articles, brochures, mail and other information pertaining to the type of business you plan to start. Remember, information is knowledge, and the more knowledge you have about the subject, the wiser it makes you. Being well-informed will make things a little bit easier for you during the decision-making process.

      In preparation for a successful business start-up, contact your local community college for a schedule of seminars and courses dealing with business start-up. You may also contact the Small Business Administration and the Service Corps of Retired Executives (SCORE) for free business counseling and advice on how to start up the business. They will discuss the product or service that you plan to provide the community and help you determine whether there is a need for it.

      SCORE counseling is available by appointment. You may contact the SBA at the address listed below to make an appointment in your area with SCORE:

      Small Business Administration

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