Monday, March 14, 2011

How to Start a Business
Taking your idea or concept and transforming it into a living, breathing business is challenging and to many, is an overwhelming process. The attorneys at The Levine Law Firm, LLC take you through each step along the way, making it more manageable and efficient. Contact us for experienced advice and representation concerning your business. You can trust the business law and litigation attorneys at The Levine Law Firm.

The First Step - Money
Before you can even consider a new business, you must know the costs involved in purchasing an existing business or launching a start-up. In addition, You must consider the ongoing costs of running and financing a business. Once you know how much you will need, you will then be able to consider your financing options. You may want to take a bank loan. You may consider seeking venture capital or other lending and financing options, which may require you to include as collateral any property already owned by you.

Planning is Everything
Most investors will expect you to have a detailed business plan. A well-crafted business plan will answer these questions:
  • What is the nature of the business?
  • How is this product or service different from the competition?
  • Does research show that there is a need for this business?
  • How and to whom will you market your products or services?
  • How will you staff the business?
  • Who will manage the business?
  • How will the business operations be financed?
For legal help in starting a business, contact a business attorney at The Levine Law Firm, LLC, in Fair Lawn, New Jersey.