Kategoriak: All - market - costs - branding - taxes

arabera AB BB 3 years ago

119

Projekt Zapach

Starting a business involves several critical steps, from understanding state and local taxes to identifying region-specific business expenses. Effective branding, including designing a logo and building a website, is essential for establishing a strong market presence.

Projekt Zapach

Projekt Zapach

Think of a name for your business.

Space

Your business location is an important decision. The choices you make could affect your taxes, legal requirements, and revenue.

Where you locate your business depends in part on the location of your target market, business partners, and your personal preferences. In addition, you should consider the costs, benefits, and restrictions of different government agencies.

State and local taxes

As a business owner, it’s important to understand your federal, state, and local tax requirements.

This will help you file your taxes accurately and make payments on time.

Restrictions

What are the restrictions?

Type in restrictions.

What are the benefits?

Type in benefits.

Costs

What are the costs?

Type in costs.

Local zoning ordinances

Consider the tax landscape for the state, county, and city. Income tax, sales tax, property tax, and corporate taxes can vary significantly from place to place.

Corporate tax

What is the corporate tax?

Property tax

What is the property tax?

Sales tax

What is the sales tax?

Income tax

What is the income tax?

Region-specific business expenses

If you buy, rent, build, or plan to work out of the physical property for your business, make sure it conforms to local zoning requirements.

Neighborhoods are generally zoned for either commercial or residential use. Zoning ordinances can restrict or entirely ban specific kinds of businesses from operating in an area.

Type in region-specific business expenses.

Business registration

To become an officially recognized business entity, you must register with the government.

Corporations will need an 'articles of incorporation' document, which includes your business name, business purpose, corporate structure, stock details, and other information about your company.

Types of stocks

There are four types of stocks that an investor should own:

Stock type

Type in stock type or choose from the list below.

Growth stocksDividend stocksInitial Public OfferingsDefensive stocks
Business purpose

Your business purpose is the reason you have formed your company boiled down to a single sentence.

What is your business purpose?

Build your team

Unless you're planning to be your only employee, you will need to hire a great team to start your company.

Team member

Type in his/her name.

Function

What is his function in your business?

Choose from the ones below or type in another.

Business partnerRecruiterMarketing SpecialistProgrammerAccountant

Business bank account

When you are trying to open a business bank account, think about the benefits it should offer:

Documens needed

Documents you need:

Document name

Which of these documents do you have?

Employer Identification Number (EIN) (or a Social Security number, if you're a sole proprietorship)Your business's formation documentsOwnership agreementsBusiness license


Find a way to obtain the other ones.

Benefits

There are a lot of bank accounts with benefits out there, but you have to be careful that the one you choose is worth the money.

Choose benefit

Choose from the list or type in the benefits offered by the bank you are interested in.

Low introductory offersLow interest rates for savings and checkingLow interest rates for lines of creditLow transaction feesEarly termination feesMinimum account balance fees
Fees

Shop around to make sure you find the lowest fees.

How do you consider the fees you will pay for the bank you found? If they are too high, think about changing it.

low feeshigh fees

Brand yourself and advertise

Before you start selling your product or service, you need to build up your brand.

Website

Create a website.

Website name

Type in the name of your website.

Colour

Choose colors for your brand.

Typography

Choose a font pair to build your brand.

Font
Logo

Create a logo that can help people easily identify your brand.

Use it on your company website and on social media.

Choose a logo.

Sales and Marketing strategy

Create a sales and Marketing strategy

Opt-in forms

Ask your customers and potential customers for permission to communicate with them.

Ask for their consent to contact them with further information about your business.

Use opt-in forms. They usually pertain to email communication.

What type of opt-in forms will you use?

Choose from the following or add others.

newslettersmarketing materialsproduct sales
Prices
Świeca zapachowa

Type in the names of your products.

25 zł

Type in its price.

Marketing channels

Choose from these ones or add other marketing channels that you think will help you promote your business in the best way.

The more you use, the better!

Email marketingSocial media MarketingFacebook AdsGoogle AdsSEOContent marketingTelesales
Facebook
Instagram

Business growth

Like any element of running a business, there are multiple growth strategies that you can try.

Business growth idea

Type in some ideas to grow your business.

You have some examples here:

Collaborate with more established brands in your industryPartner with a charity organizationVolunteerAttend networking eventsHost eventsGet to know your customersOffer great customer serviceMeasure what works and refine your approach as you go
Growth in employee headcount.
Growth of customer base and/or customer acquisition rate.
Growth in revenue and/or profit.
Expanding purchase locations (i.e. selling in new stores or launching an online store).
Addition of new product(s) and/or service(s).

Exit strategy

Consider an exit strategy in case your business does not work.

In this way, you can make a substantial profit or at least to limit losses.

Exit strategy idea

Think of an exit strategy or choose from the following examples:

sell the company to investorssell to another companymake as much money as possible, then close down the business

Structure

Before you can register your company, you need to decide what kind of entity it is.

Learn about the various legal business structures that are available.

It is up to you to determine which type of entity is best for your current needs and future business goals.

Type of business structure

What kind of business structure are you interested in?

Type in or choose from the list below.

Sole ProprietorshipPartnershipLimited Liability Company (LLC)Corporation

Finances

Starting any business has a price, so you need to determine how you're going to cover those costs.

The choices you make could affect your taxes, legal requirements, and revenue.

Break-even analysis

Find out how much money you need to start a business with a break-even analysis.

It will help you determine when your business will become profitable.

Break-even point

The break-even point is the level of production at which the costs of production equal the revenues for a product.

Use this formula to calculate the break-even point.

Fixed Costs / (Average Price – Variable Costs) = Break-Even Point

Variable costs

Variable costs are costs that change as the quantity of the good or service that a business produces changes. Variable costs are the sum of marginal costs over all units produced.

Type in the variable costs.

Some examples are:

sales commissionsdirect labor costscost of raw materials used in productionutility costs
Average price

To calculate the average purchase price of your shares you have to divide the total amount invested by the total number of shares bought.

Type in the average price.

Fixed costs

Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume.

They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.

Type in the fixed costs.

Funding your business
How do you fund it?

Choose from these ones or add other ways of funding.

Self-fundingFriends and familyBusiness grantBusiness competitionAngel investorsVenture capitalCrowdfundingBusiness loanStart up loanBusiness credit cardBusiness overdrafts

kapitał własny

Business plan

There are four types of plans:

Financial requirements

If you are raising money from investors, you should include a brief section of your business plan that details exactly how you plan on using your investors’ cash.

Spent funds

Show the major areas where the investors’ funds will be spent. These could include:

for Marketingfor R&Dfor Salesfor Purchasing inventory
Forecasts

Forecasts are your projections for the next years.

Type in some forecasts.

For example, If you are a product company, break down your forecast by target market segments or into major product categories.

If you are forecasting sales for a restaurant, break down your forecast into these groups: lunch, dinner, and drinks.

Cost of Goods Sold

This shows the expenses related to making your product or delivering your service.

It should not include regular business expenses such as rent, insurance, salaries, etc.

For example, If you are a product company, break down your forecast by target market segments or into major product categories.

If you are forecasting sales for a restaurant, break down your forecast into these groups: lunch, dinner, and drinks.

Forecast

Type in some forecasts.

Milestones

Schedule the next critical steps for your business.

Show investors that you understand what needs to happen to make your plans a reality and that you are working on a realistic schedule.

Milestone

Type in milestones (planned major goals).

For example, if you are producing a consumer product, you may have the following milestones:

Competitor analysis

Every business has some form of competition.

Name of your competitor

Type in the name of your competitor.

Market research

Conduct market research. Gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.

Target market segments

The target market refers to consumers with similar characteristics (age, location, income, lifestyle etc.) and are considered most likely to buy a business's market offerings or are likely to be the most profitable segments for the business to service.

SOM

SOM: Your Share Of the Market (the subset of your SAM that you will realistically reach-particularly in the first few years of your business)

Type in SOM.

SAM

SAM: Your Segmented Addressable Market or Served Available Market (the portion of TAM you will target)

Type in SAM.

TAM

TAM: Your Total Available or Addressable Market (everyone you wish to reach with your product)

Type in TAM.

Industry

Some examples of popular industries are:

Choose from the list below or type in an industry you want to analyze.

The Business Services IndustryThe Food and Restaurant IndustryThe General Retail IndustryThe Technology IndustryThe Health, Beauty and Fitness IndustryThe In-Home Care IndustryThe In-Home Cleaning and Maintenance IndustryThe Sports and Recreation IndustryThe Travel and Lodging IndustryThe Automotive Repair Industry

Disadvantages

Highlight the disadvantages of investing in this industry.

kontakt z żywym ogniem w pomieszczeniach mieszkalnych i nie tylko

Type in disadvantage.

Advantages

Highlight the advantages of investing in this industry.

Advantage

Type in advantage.

Business idea

Nowadays, many people are considering starting their own business.

Come up with a brilliant idea, that nobody tried before.

Type in a business idea.

Motivation

What is your motivation?

chęć dostarczenia produktu, który będzie umilał czas spędzany w domu
posiadanie własnego biznesu - praca dla siebie i na własny rachunek
możliwość zarobienia dużych pieniędzy aby zostać niezależną finansowo

Type in the reasons for starting a business.