Starting Your Own Business 101 – course

Are you serious about starting your own business? I have my own small business and I have been around small business for over 30 years. I developed this 9 module course that you can purchase online for $99.00 (plus applicable taxes).  The course gives you a step-by-step guide to developing your own business plan. If you purchase the course, I will mentor you through the business planning stage: from starting the planning process to completing your plan.  I include blank Excel templates for you to enter your financial forecasts and I can vet your plan in stages. Here is what you get:

MODULE 1 – INTRODUCTION

  • The idea for this course.
  • Who is this course suited for?
  • Creating your “Google Map.”
  • What do you get when you buy this course?
  • Your business idea
  • Your business bio.
  • Understanding self employment.
  • Course instructor bio.

 MODULE 2 – YOUR BUSINESS IDEA AND BIO

  • Your business idea.
    • Use the “so what” approach.
    • Online research for your business idea/
    • Will you operate a home-based or externally located business?  
    • Will the business be full-time or part-time?
  • Your business bio.

o       Two non-starters

o       What are your skills and abilities for entrepreneurship?

o       Will you have a partner with complementary skills?

 MODULE 3 – THE MARKETING PLAN

·        The four components of your marketing plan.

·        Business vs. consumer market characteristics.

·        Market segmentation for business and consumer markets.

·        Your competition.

·        Barriers to entry.

·        Business relationships

·        Pricing strategies with illustrations.

·        How much funds do you have for marketing to start the business?

·        Developing your marketing plan for the first 12 months of your business.

MODULE 4 – THE OPERATIONS PLAN

·        Key operational issues to consider.

·        Proprietorships

·        Partnerships

·        Incorporation

·        Getting your Master Business License.

·        The business registration process.

·        The capital structure of a corporation.

·        Proprietor vs. shareholder capital.

·        The business number.

·        Setting up a business bank account for a corporation and a proprietorship.

 ·        Your operations requirements? Will you operate from an external location? Will you operate from a home office?

·        Leasehold improvements and insurance.

·Will you have capital expenditures? (leasehold improvements; furniture; equipment; laptop/desktop; printer; networks)

·        Supply chain sourcing.

·   Staffing? Will you hire staff? What you need to know.

·        Setting up your office.

·   Develop a projection for 12 months of operational expenses.

MODULE 5 – THE FINANCIAL FORECASTS (PART 1)

  • Overview of financial forecasting.
  •  Excel financial forecast spreadsheet.
    • Key worksheets for Year 1 forecasts.
    • Revenue forecast
    • Cost of revenue forecast
    • Marketing forecast
    • Capex forecast
    • Staff worksheet
    • Management salaries.
    • General and administration expenses.
  • Home business forecasts spreadsheet.
    • Home office expenses
    • Business use of personal auto expense
  • The opening balance sheet.

 MODULE 6 – THE FINANCIAL FORECASTS (PART 2)

·        Cash flow forecast Year 1.

·        Cash inflows and outflows

·        Sources of start up business financing.

·        The Balance Sheet Forecast – Year 1.

·        Financial Forecasts – Years 2 & 3.

·        The Finished Product – The Financial Forecasts.

 MODULE 7 – RECORD KEEPING AND BENCHMARKS

·        Why keep records?

·        Your benchmarks.

·        Payroll preparation.

·        Harmonized Sales Tax.

·        Your accounting records.

·        Accounting and bookkeeping services.

·        Recordkeeping summary.

 MODULE 8 – PERSONAL & BUSINESS TAXES

·        Taxation issues.

·        Proprietor income revisited.

·        Corporation income.

·        Sales taxes.

·        Employer payroll remittances.

·        WSIB reporting.

·        T-slip reporting.

·        Earned income and your Marginal Tax Rate.

·        Marginal Rate of Taxation.

·        EI and CPP on self employment income.

·        T1 tax return for a Proprietor.

·        T2 tax return for the Corporation.

 MODULE 9 – PREPARING YOUR BUSINESS PLAN

·        The Business Plan template.

o       The Plan overview

o       The Business Plan components.

o       The S.W.O.T. analysis of  Plan.

·        The Executive Summary

o       Sample Executive Summary.

·        My Mentorship.

Price   $99.00 (plus tax)

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