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. You need $250 per month to maintain the business for funding.
STEP 1
BUSINESS CONSULTANT
Is it necessary to have a business consultant to guide you through your business formation and business set up? Statistics show that people that use a business consultants to start or consult their business have a 72% success rate. This is because your business needs access to capital if it's going to be successful.
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 4STEP 5
BUSINESS FOUNDATION
Your business commercial address and business phone number are 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 REGISTRATIONS
Your business entity classification forms and the business employee and contractor forms along with other business registrations should be filed on behalf of your business.
STEP 9
BUSINESS ACCOUNTING
Every business entity should have accounting software along with an accounting firm to make sure all transactions are accounted for.
Step 9
STEP 10
BUSINESS MARKETING
If you don't have a website then you don't have a business. Your website is the first place people or potential clients will look to obtain your services.
STEP 11
BUSINESS COLLATERAL
Because the business is a new business, it will need to show collateral in order to get funding. We have a unique way of adding collateral to your business.
STEP 12
BUSINESS PROJECTIONS
Your business projections are very important. Especially, if your business is less than two years old. Get your profit and loss statements, cash flow statements, and balance sheet statements.
STEP 13
BUSINESS PROTECTION
Your business must be protected at all times. There are several layers of protection.
Step 13STEP 14
BUSINESS ADVERTISING
Your business must advertise in order to be successful. Select your different advertising tools.
STEP 15
CREDIT CHECK
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 credit should have no blemishes.
STEP 16
BUSINESS REVOLVING ACCOUNTS
After you have established your business and it is fully in compliance, you are ready to apply for business revolving accounts. These accounts will be business credit cards in the business name.
STEP 17
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 17STEP 18
BUSINESS NET 30 ACCOUNTS
Obtaining net 30 accounts for your business credit is now easier than ever. You can get multiple store business credit accounts in the business name.
STEP 19
BUSINESS TRADELINES
Your business is now ready to add $30,000 worth of business tradelines to your business credit profile. This is to enable the business to get business funding.
STEP 20
APPLY FOR BUSINESS FUNDING
Now is the time to apply for both personal funding and business funding in the form of loans and lines of credit to get the maximum funding. All offers will be different upon applying.