Business Planning

There are several kinds of business planning:

• Starting up a new company
• Strategic business planning

When starting a new company, there are many things to consider:

• What are my start-up capital needs?
• What is my borrowing power?
• What is the best business structure for me?
• What are the tax implications?
• How do I maximize my cash flow?
• Do I need payroll?

These are just a few of the questions facing a new business owner. With over 30 years’ experience, we here at Michel Heneen & CO., CPA, P.C. can provide you with what you need to start your business off on the right foot.

What is strategic business planning? This is a plan to help you clarify your company’s direction. It can be used when growing your company, buying a new business or trying to turn around the downturn in your current situation.

• It provides an outline, describing your services or products, your staff, your competition, etc.
• It can help to identify your target audience, clarify the benefits of your new service and clearly show you the pros and cons of the direction you are headed in.
• It can help to recognize any new tax obligations you may now be liable for.
• It can help to identify new business needs, including staff, equipment and others.
• What are the marketing plans now needed?
• What about financial plans, including projected start-up, operating costs, income or profits?

We are highly experienced in all these matters and can provide you with the proper guidance to help you grow your business successfully. Let us help you develop the proper business plan that will elevate your company to the level of success you desire.

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