Small Business Guide for Success

Launching a business? Here are tips to get you started--the right way!

by BlackEnterprise.com Posted: April 24, 2008

Rawls Group, www.rawlsgroup.com

Business Enterprise Institute’s ExitPlanning.com, www.exitplanning.com

Exit Planning Institute, www.exit-planning-institute.org

Financial Exit Planning, www.financialexitplanning.com

ACROSS THE WEB

Jacardo01

heather you can try google, vista print, yahoo.
charles washington

Great info thanks Ms.Lynnette Khalfani-Cox. This really helps.
Tarshall

great new way of thinking to plan
Elaine Jackson

Our concern is knowing how long we will have to wait for sunnier days.
The economy has really hit those in the technology space.As a PMP Instructor I am finding clients in a tough space:they need the training to get back to work and they need the job to afford the training. Those that are out of work for long periods of time - no longer qualify for the PMP Exam.Elaine Jackson, PMPwww.holisticPMC.com
walstonja

Excellent advise! Thanks
Sandra Brown

Thanks for the advice: Question every purchase!!
Aieshal

Also try http://www.wix.com
Lindsay

Very sound advice. Having a savings is probably the most important part.
Dlhoops3

Great info.
Shay Atkins

My favorite part here was to question every purchase, I find myself with buyers remorse with some of the purchases I’ve made for my business…I’m learning!
Askmysecretary

I am so concerned about having that professional look, that I have to admit that I have overspent in some areas too much, but now I know and will make better purchases!
http://twitter.com/lovelyone105 Charisse Johnson

Very informative!
Erica D.

Many times I have told myself to wait before buying. We have to learn to listen to the more sensible side of our head.
http://www.heavensdisciples.com/ Rodney Burutsa

I’ve recently created a spending and savings financial ledger. The hardest part about budgeting is questioning every purchase, especially recurring ones– such as social network web hosting.
Sandra Butler

Create a spending and saving budget…..
tony harrison

I agree its very important to save and have some money put up for the new business so im doing all i can to save now.
Kristina Nelson

Every thing I’ve heard has been helpful
http://www.sapersteinandassociates.info/ ssaperstein

i would definitely say two years worth of savings would be a smart thing to do prior to starting a business, not mandatory, but very wise, to cut down on stress during the start up phase
http://profile.yahoo.com/VUQ3BZXSV2F5S3YKNCZYS4BYYM Natika Gatson

Defining a budget has been one of my downfalls..
http://www.webdezinz.com/ lowster11

Thanks.
Phoebe

This is the area I will need help. Thanks you have help to point out some weaknesses I need to consider.
De’on

This definitely gave me things to think about. Like waiting until I have more savings before launching my business. But I want it now!
Lucubrate75

Thanks Moore for the info
Reaganm

For some reason this after having watched this video it is not showing that I have completed it
Zurriane

This is a very good piece. Thank you tracking is very improtant this has a lot of good and sound advice.
Shelia

Having that 6 months financial cushion set aside is key! In this tough financial climate, dare I say a one year cushion might be appropriate. The classes are great.
Thank you for all the effort that was put forth in doing these courses.
Laura Hudson

Very helpful information I plan to start using today thanks for sharing!!!!
Bobby

Definitely use a good CRM like Zoho or something similar to to track your spending on marketing and other expenses, but always have a good accountant!!!
Carter Ceo

The financial cushion is something we are currently working on, and questioning every purchase is a must. I like to ask my business advisor (my mom), since her first answer to everything is “don’t spend any money”. Since I have to justify it, it keeps me honest about whether I truly need something or not.
Mckela Simon

I need to get all my jewerly at once but i need to find way to get cheaper…
http://twitter.com/soyoungco Sonya YYoung&Company

Great information, this class really help me – especially with creating the spending and saving plan, as well as to question every purchase. Awesome!
Velma

I know a thing or two about a budget as I am the most “saving-est” person I know…However I don’t or haven’t created a spending budget…Great tips!
Wizzdom

Having a strong cash position makes sense. Making a spending and saving plan is essential.

http://www.facebook.com/anna.abell.925 Anna Abell

A strong cash position does make sense, spending it wisely makes more sense.

Octavia

As an
accountant I can attest to everything Ms. Cox stated in this video. The video
was very informative! I agree with Shay the part about question everything is
so important. Many business owners as make the mistake of commingling funds.
Believing that their personal and business funds are one and same, and this couldn’t
be further from the truth. In addition a lot of business owners tend not to
realize how important it is the build a strong financial foundation. This is a
passion of mine. To educate, empower and guide small business owner to achieve
financial success by implementing SMART financial practice.

Great
video, I enjoyed it!
Devonne

Good information, the question every purchase tip is good and she also said to WAIT, it is not necessary to make alot of purchases in the beginning.
POA

A budget keeps one in the know
Cameron T

budgeting in key
http://twitter.com/J5acDesigns J5ac Designs

Since I am funding my business under my own financial steam, this course was a good reminder to ensure I have a strong financial plan. It is not as specific has she has described but now I will go back and do more work on my plan. Thanks!
http://www.facebook.com/anna.abell.925 Anna Abell

I agree with knowing and spending yuour money well.