Do you use CRM (Customer Relationship Management) software? If not, you could be fighting an uphill battle. There are so many things a good CRM can do for your business that it’s almost detrimental to pass it up.
Many small businesses will admit to having “that spreadsheet with some of their clients’ contact info or order history,” but this is not a scalable, reliable, or useful system compared to what’s available. A good CRM software will be customizable to your sales process (or focused on your niche, like auto sales or medical office) and help facilitate the organization and flow of your business processes.
Here are some of the things a good CRM software will do for you:
The type of financing you need depends on what type of legal structure your new business will have, as well as the capital requirements at different stages of your venture. The most common sources are outlined below. Remember that no matter what entity you choose or where you get your start-up capital, maintain separate and thorough records for your business transactions and keep a separate bank account in the business name.
Personal Savings
Hands-down, the easiest way to finance a business is to use your own money. Make sure to complete appropriate paperwork that recognizes your investment in your company – a separate entity, to protect the Read more…
Startups
business, funding, investing, marketing, startup
While sole proprietorships and general partnerships are the easiest legal structures to set up, they don’t provide any personal asset protection like C-Corps, S-Corps, LLCs, and Limited Partnerships. The idea of starting a business that can put 100% of your personal assets at risk is not a smart one.
There are volumes of books about choosing the right entity, but from my experience, LLC’s and S-Corps are the most multi-purpose for the startup. S-Corps have the advantage of easily morphing into C-Corps if you’re thinking about eventually going that route. They require more Read more…
Startups
business, legal, llc, portland, startup
A great business starts with a great idea - filling an unmet need, tapping a new market, bringing new technology to improve an old process, etc. From there, a business plan will help you organize your plan of attack and how you will turn this idea into a feasible venture. A great resource and outline for writing a business plan can be accessed on Entrepreneur.com.
You will need your business plan to help you set goals and operate your business, as well as to show potential sources of capital including Read more…
Startups
business plan, startup
Since it’s the new year, I know a lot of you are thinking about finally getting that dream business on its feet. Many people I’ve talked to about their business are astounded when I tell them how easy it is to set up their own Limited Liability Company here in Oregon. There are many advantages to registering as an LLC compared to a simple sole proprietorship or general partnership, including liability protection and tax benefits. I am not a lawyer, and this cannot be considered legal advice, but here is how to set up your Oregon LLC:
1) Google your business name - just check out what comes up if you type your desired business name into a search engine. If someone is already using the same name, not only would it Read more…
Startups
business, legal, llc, portland, startup