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- Key steps for acquiring funds for starting or growing a business
- Potential avenues for financing
- A word of caution on alternative fintech lenders
- How to develop a relationship with your bank to meet your small business needs
- The important documents to bring when meeting with a bank representative
- What banks are looking for to gauge creditworthiness
- A small business Action Plan is useful for introducing new products and services, expanding staff, and other purposes
- An 11-step process for creating this plan
- A real world example of an Action Plan used to meet the objectives of a med spa business
- An action plan establishes a short-term effort to achieve the goals of a strategic action plan
- Assembling a team, monitoring actions, creating a timetable, and other steps
- Building in flexibility to account for unexpected circumstances
- The laws governing how a business’s establishment is recorded, with a focus on Connecticut protocols
- Choosing a business structure, registering with the Secretary of State, and other key steps
- Checking for additional regulations at the local or federal level
- Finding the funds necessary to start or expand a business until it can reach profitability
- Forecasting expenses and revenues as part of your business planning process
- Calculating how much money you’ll need to sustain your business until you break even
