Starting a new business can be an expensive venture. The Ohio entrepreneur often has numerous expenses before the first item is ever sold. As such, business financing decisions can play a critical role in the new company's success. Of course, listening to the customer...
Business Formation & Planning
Written business plan part of the business planning process
Planning is the key ingredient for almost every worthwhile endeavor. This certainly holds true when an Ohio entrepreneur decides to begin a new business venture. In fact, creation of the business plan is often what drives the initial start-up and provides the roadmap...
Business planning can include a strategy for success
For many Ohio entrepreneurs, making money is the objective. However, setting definable goals for one's business is an excellent way to plan for success and to bring one's employees into the process of achieving that success. This is why business planning advocates...
Business planning can minimize risk and maximize reward
Risk and reward often go hand in hand. For some, starting a business is just something to dream about; however, for others, it is more than just a dream. Turning this dream into reality is the driving force behind new Ohio business ventures. One part of the risk and...
Business planning allows companies to compete with e-commerce
In recent years, consumers in Ohio and across the country have seen more retail giants facing bankruptcy or closing stores. For many, this drastic measure is the result of an inability to compete with e-commerce retailers like Amazon. Those companies that were unable...
Business planning should consider insurance coverage needs
The concept has been developed, a location has been acquired and employees have been hired. Additionally, the market has been tested and the product or service fine-tuned to meet the needs of prospective clients or customers. These are all important business planning...
Business structures to consider in business formation process
Starting a new business can be a daunting venture, yet the personal and financial rewards can be extensive. Thus, many find the challenge to be worth the investment. Once the decision to begin a new business is made, there are a number of decisions that the Ohio...
Financing an important component in business planning
Money is an important part of doing business. For those Ohio entrepreneurs just getting started, obtaining the funds necessary to begin operation is critical; for those Ohio businesses looking to expand, funding is also needing to make this possible. When it comes to...
Chosing the correct loan important in business planning
Business is booming and the small Ohio company is set to generate record sales. This sounds like the ideal situation to be in. Yet, if the business does not have the funds to produce the product, then it will be unable to meet customer demands, and the customer will...
Business financing decisions critical to business success
Available funds are a critical part of most Ohio small businesses. Without available funds, the business will be unable to make payroll, purchase needed supplies or deliver the promised product. As the saying goes, "it takes money to make money." This premise is often...