Running a business isn't easy, and self-starters will often run into a number of issues that they never considered. Discover helpful business advice with tips from a certified adviser on small business in this free series of videos on business tips.
Series Summary
Starting a business requires the utmost organization and planning. Beyond conceptualizing a business plan and getting the ball rolling, there are employees to compensate, books to keep and bills to pay. It is the business owners' responsibility to monitor every detail that takes place in their business. It can be strenuous work to start a new business, but staying organized and accurate is the foundation to a successful company. In this free series of videos, a certified adviser on small business provides information on running businesses. Discover how to sign a business letter, how to take over an existing business and how to protect a business idea. Gain a better understanding of businesses with information on understanding cash flow and profit-loss statements, as well as information on defining buy-sell agreements and incorporating small businesses. With this advice, anyone interested in new or small businesses will be closer to success.When selling an idea, there should be a clear message about how the idea works, how it benefits the user and how it makes or saves money. Sell an idea with tips from a certified adviser on small business in this free instructional video on starting a business.
In business, a buy-sell agreement is an agreement that is designed to handle situations when one or more owners wants to sell their interest in the business. Define a buy-sell agreement with tips from a certified adviser on small business in this free instructional video on starting a business.
Once someone has identified a business to take over, they should determine the value of the business. Take over an existing business with tips from a certified adviser on small business in this free instructional video on starting a business.
Before going public with a company, the company must first register with the SCC. Take a company public with tips from a certified adviser on small business in this free instructional video on starting a business.
In business, a profit-loss statement, or PNL, helps to determine how the cost of goods and expenses affect revenue or income. Understand profit-loss statements with tips from a certified adviser on small business in this free instructional video on starting a business.
Profit can simply be determined by analyzing cash that's left over after all expenses have been paid. Determine profit with tips from a certified adviser on small business in this free instructional video on starting a business.
In order to file the name of a new business, it needs to be verified by the secretary of state that the name is available. File the name of a new business with tips from a certified adviser on small business in this free instructional video on starting a business.
When becoming the sole proprietor of a business, a person needs to apply for a business tax license. Become the sole proprietor of a business with tips from a certified adviser on small business in this free instructional video on starting a business.
When incorporating a small business, the new name must be distinguishable from all other names filed with the secretary of state. Incorporate small businesses with tips from a certified adviser on small business in this free instructional video on starting a business.
When protecting a business idea, it needs to be determined whether patent, trademark or copyright intellectual property comes into play. Protect business ideas with tips from a certified adviser on small business in this free instructional video on starting a business.
Before approaching customers, a business must have a clearly defined message and target market. Approach customers with tips from a certified adviser on small business in this free instructional video on starting a business.
In order to form an LLC, an individual must file articles of organization with the secretary of state. Form an LLC with tips from a certified adviser on small business in this free instructional video on starting a business.
When signing a business letter, be sure to sign with blue ink so that it's clear that it is not a copy. Sign a business letter with tips from a certified adviser on small business in this free instructional video on starting a business.
A cash-flow statement records received cash and subtracts all cash that goes out of the business. Understand cash-flow statements with tips from a certified adviser on small business in this free instructional video on starting a business.