BUSINESS SERVICES

 

Our in-depth knowledge of business enables us to provide a well-reasoned, fully documented and defensible opinion. Having a professional on your side can make the difference between loss or gain, success or failure.

New Business Formation

 A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture. We help you...

  • Prepare an initial business plan to clarify your marketing, management, and financial plans.

  • Determine your start-up capital needs.

  • .Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.

  • Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.

  • Select the right accounting software by evaluating your budget, needs and hardware.

  • Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.

  • Establish billing and collection procedures to maximize your cash flow.Establish procedures to monitor and control costs

  • .Prepare and file all required state and local licenses and permits.

  • Prepare and file your application for your Federal Employer Identification Number.

  • Identify your business insurance needs.

 

Strategic Business Planning

A Strategic Business Plan is much more than a tool to obtain financing. If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company's direction. It can ensure that your key leaders are all on the same page, and keeps both management and staff focused on the tasks at hand. The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks. The plan allows you to...

  • Identify and describe the target customer profile, features, advantages and benefits of your new venture, product or service.

  • Justify that your plans are credible by fully researching the need being filled with your new venture.

  • Develop marketing plans including full descriptions of targeted promotional campaigns with implementation timelines. You also get to examine market conditions, the nature of your customers, as well as your competitors, sales potential, and projected results of your promotional campaigns.

  • Develop staffing plans including identifying the key players, skills, attitudes and expertise needed to build the venture.

  • Develop management plans including full descriptions of management systems and timelines for implementation.

  • Develop financial plans including projected startup costs, operating costs, revenue, profits, and break-even analysis for the first 3 to 5 years.

  • Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company's success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan. Identify building and equipment needs including vendors and cost estimates.

  • Formulate company milestones including timelines for upcoming products and services in development.

 

Quickbooks Set up and Training

As with any accounting software program, installation and training take time - time taken away from managing your business. Although QuickBooks is designed for the layman to understand, the initial setup and installation must be done correctly in order for future information to be accurate. Once QuickBooks is set up and working properly, we can train you or your employees to properly operate QuickBooks specifically for your business. Here's a short list of the services we provide during your QuickBooks setup:

  • Study and evaluate your software and accounting needs.

  • Recommend software and hardware requirements.Install software, design and set up chart of accounts and entire accounting package including payroll, accounts receivable, inventory, accounts payable, etc.

  • Determination of your QuickBooks starting date. Loading your chart of account and balances as of that starting date.

  • Preparation of a list of the items that you sell to your customers. This list includes services, inventory parts, non-inventory parts, other charges and sales taxes.

  • Entering your outstanding accounts receivable and accounts payable details as of your starting date. Entering your ending statement bank balances and outstanding checks and deposits in transit as of your starting date.

  • Printing a trial balance as of your starting date and comparing it to your trial balance from your old system.

  • Entering your transactions since your starting date into QuickBooksTrain client or client staff in use of software to meet their accounting, management and tax needs.

Cash Flow Managememt

The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs. We also prepare historical cash flow statements to help you gain an understanding about where all the money went. Creating an accurate cash flow projection is just one of the many cash management services we provide. You also get...

  • Help obtaining an appropriate line of credit

  • Cash collection acceleration techniques

  • Proven effective collection policies

  • Proven effective payment policies

  • Help obtaining the maximum rate of return on your idle cash

 

Make an Appointment

4700 Milenia Blvd, Ste 175

Orlando, FL 32839 

O

Call

T: 407-476-5479

 

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