08 Sep, 2017

Sample Tax Preparation Business Plan

Sample tax preparation business plan Thinking of starting sample tax preparation business plan? My hat is off to you, and I hope that this blog can provide resources for you to get started. Since my retirement from industry six years ago, I have been a SCORE volunteer over these years I have met many clients who dream of starting their own business. Their motivation to start a business may vary, but their common goal is a desire to be successful and to be their own boss. My experience has imparted to me a good sense of those who will be successful and those who will not be successful. It is those people who are prepared and have a strong urge that are successful. From my training and experiences I have prepared a suggested road map to start your own business. Do take advantage of your local SCORE volunteer while planning for your business. The service is free and the volunteer can be found through your local Chamber of Commerce. The Business Idea The idea to start your sample tax preparation business plan can come from many sources: your hobby, your work experience, your desire or a situation you found where a service was not being met. To confirm that you have a sound plan you have to: - Describe the business in a paragraph or less. - Decide if the product or service is unique... cheaper or faster, etc.? - Decide whether this business meets your personal goals? - Commit to investing many hours to make your business successful? There are many other questions that you will need to answer truthfully to yourself and then discuss them with your spouse and close friends. Once you are comfortable with the answers then you are ready to proceed to the next steps. The Small Business Administration has a full list of questions to help fulfill this part of the journey. Above all, your business has to "solve your client's problem". It is this objective that makes a business successful. If this main objective is met, then all your other needs can be fulfilled. Finding a Potential Location: Is your business going to be a storefront, web site, home or perhaps out of a van business? Inputs to your business plan will require lease or rental expenses, insurance and other facility expenses. Just as importantly, you will have to determine the traffic past your selected location and how many potential customers your business will attract. The more attractive locations will attract more business but will be more expensive. A local commercial real estate agent is of great value to help you with this decision sample tax preparation business plan.