Planning on starting a new business?
Starting off on the right track early on in the business planning process is the key to a successful startup. Benjamin Franklin once said, “By failing to prepare, you are preparing to fail.” A proper business plan will help you articulate who your clients are and what needs you plan to cater to.
Robert J. Kratz & Co. can help make the process of starting a new business less overwhelming with assistance in the financial planning. We will make sure you are prepared to enter this new venture fully aware of the financial requirement.
The Robert J. Kratz Process:
- Select a business structure
- Determine capital startup needs
- Project cash flow needs
What’s the best business structure for your business?
The first step in starting a business is to select a business structure that best fits your needs and the needs of your investors.
- Limited Liability Corporation (LLC)
By selecting the proper business structure, Robert J. Kratz & Co. can help evaluate and project your potential tax liabilities for the Business Plan.
What are your startup capital needs?
By understanding your capital need you will have a realistic idea as to what it will take to get your new venture off the ground.
How much cash will you need?
Projecting your income and expenses for the first couple of years will provide a better understanding as to what is realistically required to get your company started. The number one reason for new business failure is not accurately estimating capital needs.