SUCCEED 20 / 20 BUSINESS VISION PLAN

This plan is intended to guide you and your business from a to z which will create value for your business and make your business lendable for business funding. 

STEP 1

BUSINESS CONSULTANT

Is it necessary to have a business consultant to guide you through business formation and set up?  Statics show that people that use business consultants to start or consult have a 72% success rate.  This is because your business needs access to capital if its going to be successful.  Get started with your business consultant today for only $250.00

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STEP 2

 OWNERS CREDIBILITY

Your credit report should have 5 to 7 primary accounts reporting on all three credit bureaus.

STEP 3

PERSONAL GUARANTEE

All blemishes on your credit report have to be removed in order to achieve a 720 plus credit score. 

STEP 4

BUSINESS NAME

Your business name is the start of your brand.  Your business name should be unique and have a domain and email address associated with it. 

STEP 5

BUSINESS FOUNDATION

Your business commercial address and business phone number is the foundation of your business and will be put on everything.

STEP 6

BUSINESS ORGANIZATION

Your business should have its organizing documents before filing on Secretary of State. Your business articles and or bylaws or operating agreement need to be in place. 

STEP 7

BUSINESS INCORPORATION

Your business entity should be filed in the correct order.  The Secretary of State should be your first filing before any other filing.  

STEP 8

BUSINESS FORMS

Your business entity classification forms and the business employee and contractor forms should be filed on behalf of your business.  

STEP 9

BUSINESS ACCOUNTING

Every business entity should have an accounting software along with an accounting firm to make sure all transactions are accounted for. 

STEP 10

BUSINESS MARKETING

Your business entity classification forms and the business employee and contractor forms should be filed on behalf of your business.  

STEP 11

BUSINESS PROTECTION

Your business must be protected at all times.  There are several layers of protection.  

STEP 12

BUSINESS ADVERTISING

Your business must advertise in order to be successful.  Select your different advertising tools. 

STEP 13

BUSINESS PROJECTIONS

Your business projections is very important if you are a business less than two years old.  Get your profit and losses, cash flow and balance sheet projections. 

STEP 14

BUSINESS PLANNING

Your business should have a 5 year projected business plan for investors or loan officers to review.  Before you borrow any money for the business make sure you have a plan for it.

STEP 15

BUSINESS CREDIT

Your business is now ready to establish business credit.  Business Credit will be reflected on Business Experian, Dun and Bradstreet, and Equifax Business. 

STEP 16

BUSINESS NET 30 ACCOUNTS

Obtaining net 30 accounts on your business credit is necessary if you want to get business funding.  You should have 5 to 7 net 30 accounts reporting on your business credit. 

STEP 17

BUSINESS REVOLVING ACCOUNTS

After you have  established your net 30 accounts, you are ready to apply for business revolving accounts.  These accounts will be store lines of credit that your business can use. 

STEP 18

BUSINESS COLLATERAL

Your business is now ready to add business collateral that come from major accounts receivables that come form a strong company balance sheet. This is enable the business to get business funding.

STEP 19

CREDIT CHECKS

Now it is time to check both your personal and business credit scores to make sure everything is in order.  Personal credit should be above 720 and business Paydex score should be 80 and above. 

STEP 20

APPLY FOR BUSINESS FUNDING

Now is time to apply for both personal funding and business funding to get the maximum funding.  All offers will be different upon applying.