So You Want to Start Your Own Business

So you have decided to start your own business. You have made the leap to become your own boss and to put your business ideas in motion. That is wonderful news, but you are probably feeling a bit overwhelmed at tackling this new adventure in your life. Maybe you feel you lack the basic business knowledge to get you started and to sustain your business, or maybe you have some business knowledge, but just need a support system to fall back on and to boost … 
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State of Ohio Fictitious Names & Trade Names

Register Business Now

Forms to Register your Business in Ohio Start with the Secretary of States site http://www.sos.state.oh.us/ Select Businesses on list near the top of the page This will provide access to: Business Name Search Guide to Name Availability Filing Forms and Fee Schedule Then Select Businesses again near the top of the page Select Starting a business in Ohio for a Quick-start list for your business entity. There are additional lists: Starting a Corporation Guide to Nonprofit Corporations Guide to Secured Commercial Transactions Registering your Trademark or … 
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Market Research

Market Research

Market research is defined as research that gathers and analyzes information about the moving of goods or services from producer to consumer. There are two main approaches to conducting market research. These include: Developing primary data via surveys and focus groups Using secondary data, that which is available through publicly accessible sources Surveys Once we have determined a particular item or range of data that will assist in our business planning, a choice must be made as to which of the several survey methods available … 
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How to Define Your Target Market

When you’re first new to marketing, it may be tempting to try to tell just about everybody about your products or services in an attempt to cover all your bases. However, this type of scattered approach is not only inefficient, but costly. It doesn’t target the ideal customer who would want the types of products and services you offer and can lead to a lot of extra effort with very poor returns. This can be a frustrating experience and an unnecessary waste of time and … 
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Comprehensive Business Plan Outline

Man writing his business plan

Comprehensive Business Plan Outline Your Company’s Name, Address, Phone, Fax, email, and web site address. Owners or owners-to-be Prepared by List contact information for someone to answer questions about the plan. Personalize where submitted to a prospective stakeholder. I.  Non-Disclosure Agreement (where appropriate) II.  Table of Contents III.  Executive Summary This is a one to three page highlight of the business concept • Demonstrate management expertise, and market potential • Provide sales and profit forecast and financing needed IV.  Operations Plan Business Concept Type and … 
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Comprehensive Business Plan

Business Man on Top

It is important to remember that the proposed contents shown in this Brief should be treated as a guide, and not as a rigid, all-encompassing format – each business is unique and its business plan should reflect as much; additions, deletions, expansion, and adjustments should be made to fit each unique situation. A business plan for use in applying for a bank loan may require more in-depth data than one prepared for the owner’s guidance. The plan should be updated frequently to reflect revised scenarios … 
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Business Plan Roundup

business plan roundup

There are not many things more important for the success of any small business than a well written business plan. We have clients that have accomplished things because of a business plan such as negotiating a lease that gave the client time to build the business before the full lease term payments kicked in. Another client actually secured a government contract before they have the employees to fulfill it. Your business plan will be your roadmap to follow as you build your business. Simplified Business … 
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Cincinnati Entrepreneurial Support

Small business owners who receive three or more hours of mentoring report higher revenues and increased growth, and SCORE is America’s premier source of free, confidential business advice. In addition to the one-on-one mentoring and coaching the SCORE organization offers, and team/group counseling sessions for local entrepreneurs in the Tristate area, SCORE partners with numerous organizations in the community to provide additional resources which impact entrepreneurial growth. This blog will focus on three SCORE partners that help entrepreneurs start and grow their businesses. These additional … 
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The Strategic Plan

The strategic plan provides the basic focus and guidelines that drive the business planning process. It covers a multi-year period and provides a long-term perspective for your business and furnishes the business with a decision support framework to be used year around. Strategic planning is a fundamental requirement of any successful business. It establishes and communicates direction and vision for the organization to follow, and allows management to respond to unexpected opportunities in your market place. Although no plan can detail every step along your … 
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Key Financial Ratios

Financial ratios are designed to measure aspects of financial performance. These ratios can be meaningful used alone, but are generally more useful when compared to other companies in the same or similar industries. These comparisons will identify variations from the norm which may then warrant management attention. See RESOURCES, below, for more ratios and sources of industry data. In addition, as with other measures, how these ratios change over time can be important to identifying trends, either problem areas or areas that have shown improvement. … 
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