Business & Professional Planning

The United States of America has the most complex tax code in the world. There is a tax code for Individuals, Partnerships, Corporations, S-Corporations, Limited Liability Companies, Limited Liability Partnerships, Estates, Trusts, etc.

The tax code was written by business men for business men. I believe you have to be in business for yourself to take advantage of the tax code.

The most successful companies in the world have a Business Plan. A business plan consists of specific topic areas such as:

1. Executive Summary
Business Opportunity
Product/Service Description
Current Business Position
Financial Potential
The Request

2. Company Background
Business Description
Company History
Current Position and Business Objectives
Ownership

3. Products
Product Overview
Competitive Analysis
Suppliers and Inventory
Research and Development

4. Services
Service Descriptions
Competitive Comparison
Service Delivery
Research and Development

5. The Industry, Competition and Market
Industry Definition
Primary Competitors
Market Size
Market Growth
Customer Profile

6. Marketing Plan
Competitive Advantage
Pricing
Distribution Channels
Promotional Plan
Feedback

7. Operating Plan
Location
Facility
Operating Equipment
Suppliers and Vendors
Personnel Plan
General Operations

8. Management, Organization and Ownership
Management/Principals
Organizational Structure
Professional Consultants
Ownership and Boards

9. Goals and Strategies
Business Goals
Keys to Success
Future Plans

10. Financial Assumptions
Assumptions

11. Appendix
Income Projection
Expense Projection
Profit & Loss
Balance Sheet
Cash Plan

I believe you can only go so far with your personal finances and you can have a fun business that supplements your financial needs. When you pull the profits out of your business and drop them into your household, its like another business with Assets, Liabilities, Equity, Income & Expenses and it needs to be run like a business. We coach you on laying out a business plan that works so you can achieve your goals in Seven Key Areas of Life!