Saving & Transacting = EMPOWERMENT!

Ready? Set…..GO!

Welcome!

Alternatives Biz Path

Biz Research

Biz Dream

Biz Account

Biz Action

Biz

Biz

Biz Dream

VISION WITHOUT ACTION IS A

DAYDREAM. ACTION WITHOUT VISION IS A

NIGHTMARE!~JAPANESE PROVERB~

A DREAM DOES NOT BECOME A REALITY THROUGH MAGIC; IT TAKES SWEAT, DETERMINATION AND HARD WORK. ~COLIN POWELL~

Dream into Reality?

Alternatives services include: • Money Wise• Intro to Entrepreneurship• Financial Counseling

ASK: What are things small business owners need to know?KNOW: Everything costs more and takes longer than expected.REALIZE: REALITY.

• Pros & Cons• Empowerment• Organizing• Goal Setting

Biz Research

http://www.youtube.com/watch?v=NT_3HUp3ZlU“Your Focus Needs More Focus”

Alternatives can help you:• Getting Down to Business 9-week course• Business Consulting & Coaching

Research the functional areas of business:

Marketing – What, who, when, why, where, howFinance – Personal finance, building creditManagement – Legal structure, insurance, licensing, etc.Operations – Your trade, service, good, etc.

What can I do to make this work?

Biz Action

“Take it Off”http://www.youtube.com/watch?v=LbSua-YQEIs

FIRST DETERMINE:

• Legal Structure – Sole proprietor, partnership, LLC., S Corp., etc. http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/choose-your-business-stru

• Marketing – Can you answer the central marketing questions about your biz idea?• Management – What kinds of insurance/licenses/etc. do you need?• Business Plan – Do you want to organize for yourself, or do you need a biz plan?• Consulting – Do you need additional guidance getting started?• Finance – What kind of financing do you need to begin? ID sources…

Leslie’s Laws:

• Everything will take longer and cost more than you expect.

• Your sales will be lower than you anticipate.• You will underestimate how essential and how

challenging marketing is.• It is NEVER true that you have “no competition.”• “Everyone” is NOT your market.• “Word of mouth” is NOT a marketing strategy.

Biz Account

BEGIN NOW to establish: The “5 c’s of Credit”Capital is the money you personally have invested in the business and is an indication of how much you have at risk should the business fail.Character is the general impression you make on the prospective lender or investor. Capacity the ability to repay. Collateral, or guarantees, are additional forms of security you can provide. Conditions describe the intended purpose for funding.

Open that Business Account - you will need:• DBA Paperwork – County Clerk’s Office• EIN #/ www.irs-ein-number.com.• Corporate Documents (if filed as a corporation)

Biz

• Business Plan• Business Tax Returns 3 years • Personal Tax Returns 3 years• Business Balance Sheet• YTD Income Statement• Current Balance Sheet• Profit & Loss Projections• Detailed list of Collateral

• Personal Financial Statement• Signed Leases• Corporate Authorization to Borrow• Corporate Organizational

Documents• Partnership Agreements• Signed 4506 T if needed• 3 Months Business Bank Statements• 3 Months Merchant Service

Statements

If you need it, go get that loan for a start-up (or business expansion) - Be prepared and ready for your lender or investor!

YOU WILL NEED:

Biz

“Everything is Kungfuhttp://www.youtube.com/watch?v=T10ycFr770g