Four Things to Consider When Starting a Small Business

There is nothing more exciting than being an entrepreneur with a dream of owning your own business. Thousands of people set out to own their own company, but not everyone makes it, usually due to poor up front planning. The team at JTS Associates CPAs understands the unique challenges that small businesses face and have a specific Small Business Guidance service in place to help each owner and can act as trusted advisors while you are on your way to achieving the success you always dreamed of…

Four key things to consider when starting a small business

Remember, the experienced team of professionals at JTS Associates CPAs can act as trusted advisors while you are on your way to achieving the success you always dreamed of..

Funding:

It’s crucial to consider what funds you have to not only start your business, but also keep it running until you start to make a profit. This includes purchasing goods, paying your employees, keeping current on any bills and other items that will require a steady stream of money.

Location:

Are you going to have a “brick and mortar” business with an established storefront or run your business online? If your customers can’t find you, your chances of success decline quickly.

Employee Management:

Will you be running your establishment alone, or will you be hiring employees to assist you? There needs to be a solid plan in place with regards to worker benefits, vacation time and other necessities.

Operational Efficiency:

Have you considered how you will run your business on an everyday basis? It may seem like a simple concept, but there are many procedures that must be routinely followed in order to establish a solid foundation and a smooth running business.

Contact the small business team today by calling (516)877-5900 so that your business can quickly make a profit and be on its way to reach its full potential.