Prepare to request more funding

SBA.gov Anyone who gives you funds wants to feel confident that their investment will pay off. Prepare a business case and financial statements to convince lenders, crowdfunders, or investors to fund your small business. Make your business case You’ll need to make a solid business case for more funding. Produce a short statement with the

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Benefits of business bank accounts

SBA.GOV As soon as you start accepting or spending money as your business, you should open a business bank account. Common business accounts include a checking account, savings account, credit card account, and a merchant services account. Merchant services accounts allow you to accept credit and debit card transactions from your customers. You can open a

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Cost-benefit analysis (CBA)

SBA.GOV Looking closely at money-in and money-out helps maintain a sustainable balance between profit and loss. From development and operations to recurring and nonrecurring costs, it’s important to categorize expenses in your balance sheet. Then, you can use a cost-benefit analysis to weigh the strengths and weaknesses of a business decision, and put potential recurring benefits and

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Veteran Entrepreneurship Training Programs

SBA.gov SBA programs feature customized curriculums, in-person classes, and online courses to give veterans the training to succeed. These programs teach the fundamentals of business ownership, SBA resources, and small business experts. Boots to Business: An entrepreneurial program offered on military installations around the world and a training track of the Department of Defense (DOD) Transition

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Compare Business Structures

SBA.gov Compare the general traits of these business structures, but remember that ownership rules, liability, taxes, and filing requirements for each business structure can vary by state. Business structure Ownership Liability Taxes Sole proprietorship One person Unlimited personal liability Personal tax only Partnerships Two or more people Unlimited personal liability unless structured as a limited partnership

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