Monday

How To Start A Business - Using These 10 Docs.


You have to have you own Business, by any and all means necessary. And I mean that in the most sincere way, because until you get to the point where you are really and truly tired of working for another person, or some huge corporation that plays with your life as if you are just a piece of string to be cut at will, played with at will and be twirled around, then you will not do any and everything by any means necessary to start your business. I mean let's face it, you are the life blood of every company you ever worked for, because you take things to heart and you always do your best, not for the company's sake, but for your own pride and integrity along with your great reputation. 

And I have to tell you that those 3 attributes, your good pride - your great integrity - your wonderful reputation .. Are all you need to be in business for yourself, and to be successful as well they will always help you to last and stay profitable. Because when you have good pride and not bad silly pride, you will never try to sell a crappy product to your customers who you know are your brothers and sisters, and on top of that because of your good pride you will not sell or present anything to anybody that you don't believe in yourself, or that you wouldn't use yourself or allow your family to use. And then comes your great integrity where you will not sell your soul to make a buck, nor will you ever sell poison to children and you definitely won't lie to your customers or try to avoid them. And finally your wonderful reputation, where you are known to be fair to one and all, where you hate injustice and refuse to take advantage of anyone, nor do you allow your suppliers or partners to rub your customers and sell them fake products. And these are the qualities that anyone must have to start and run a business. 


Because when you go into business, you are doing so to barter with other people, where they trade you money for your services or products. And in doing so you must show that you care about the people who you are dealing with, you must also demonstrate that you are a person of your word and you keep that word to show your integrity. As well you need to build a reputation with your partners, or friends, or customers where they know that you are caring, and you will always do your best to bring them the best and you appreciate them so much because you know that your partners are the lifeblood or your business. James Dazouloute

After Knowing All This, Now Here Are 10 Docs. That Your Business Absolutely Need For You To Get It On Its Way To Success.

Credit:  Docstoc.com
1. Non Disclosure Agreement (NDA) – these are over-hyped in my opinion and few angel or venture investors will sign them, but always helpful to have one handy to bust out at parties.
2. LLC Operating Agreement – I put my first LLC together myself using this agreement. My advice is to hire an attorney, but if you don’t listen to advice so well, knock yourself out.
3. Sample Convertible Note – A convertible note is a way to raise debt for your company that will convert into equity. When you are first raising money, if you can use a convertible note instead of having to give up shares/equity, you’ll usually be in a better position later on and own more of your company.
4. Board of Advisor Agreement – A good board of advisor can be worth their weight in gold, a bad one can be worth their weight in radioactive fluid.

5. Financial Projections Template – This document is “da bomb”. My good friend and previous business partner Mike Sheridan put this together in our prior consulting company Venature. This is a fantastic financial model template to build your basic Income Statement, Balance Sheet, and Cash Flow statement. Needless to say he paid a LOT more attention in accounting classes in our MBA program.
6. Financial Model Projections for an Internet Company – Big shout out to Brian Garrett ofCrosscut Ventures (site coming soon). This is a fantastic model/template for internet companies to use to project their growth.
7. Application for Employer Identification Number (EIN) – Basic government form you need to fill out to get set up with an Employer Identification Number (EIN) so that you too can hire folks and pretend to be a badass at cocktail parties (don’t forget to pull out the NDA).
8. Start Up Pitch Presentation – there are no graphical elements here, but this doc lays out how to describe your business in a presentation format. Business Plans are dead, use a PPT Deck, see graphic examples below.
9. 10 Questions to Consider When Start a New Business – I wrote this doc so I’m biased (hell, I’m writing this whole blog post) – but I do think this is a simple set of questions you can use to analyze any business you are thinking of starting. And once you decide to start, here are some mistakes to avoid.
10. Business Plan Presentation Template – This doc has a sample layout you can use to pitch investors/partners (plus its got a cool effect of color changing bars on the side – that only took me 4 hours to figure out one law school class)



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 10 Docs. You Need To Start A Successful Business

Tuesday

Start A Business - See If It's Worth It.

 Why Now Is The Best Time To Start A Business...

Starting a business by you and other people is vital to any Nation's economy and GDP, because without business owners like yourself, how can there be jobs, how the economy grow, how can taxes be paid, how can your Country trade with other Nations, and how can families make a living without having a job to go to? So this is why starting today, no matter what, you must start to think about and begin taking steps to start your own business, because if not you then who? And if not now then when? Because the company you are working for right now, at some point the owner had to realize that without him or her there will be thousands of people without a job. And without that business owner the Country's economy will suffer and he or she will end up working for someone else and keeps coming up with money ideas only for that business owner to keep on getting rich. But wouldn't it be better if you were to be a business owner and you are now doing business with your ex-boss, and are now trading services as equal partner, with great respect for one another?


Or would you rather keep the employee-employer relationship, where you are always at the bottom and keep being told what to do? Or where you are forbidden to become creative and start doing things in a new way because the company and business owner is warning you to follow to the letter the company guidelines and policies or be fired? Or would you rather be told by your boss when to go home, when you can take a day off, when you can take a vacation and if and when you can have 25 cents raise? But then you are constantly complaining about how you lack money, how you can't afford this or that on your salary, how you can't buy your children that newest toy because your job is slow right now and they have cut your hours. So this is why you must start your own business today.

Type Of Business You Can Start Or Join Right Now:



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And when I say start your own business, I don't mean that you must rack your brain to come up with something new. No Beloved, all you have to do is look around you for what people need and provide it. Just like I am writing this fresh, new, unique and original article because I looked around and realized that you needed this service provided to you so much. And so you must do the same, and come up with products and services that people need and begin to provide them. And again, you don't have to become a Pioneer and come up with an unheard of new product and service, instead you can look at different business segments and see where there are not enough businesses in your area providing a particular product or service and then add your business to that segment and begin to provide what people need, no need to reinvent the wheel.



Or you can just duplicate what another business already offers but you now offer it in a much better way. And you see this done all the time in the Movie Industry, where they remake the same movie 3 or 4 times but keep on introducing it in brand new ways and keep on making new money. And even online, how many websites do you visit that seem to be providing the same information? But there is always that one that will stand out, by not only providing that same information in their own words, but they will add funny pictures, they will elaborate with videos and they will convince you with ads that have a call to action. So you see, no need to reinvent the wheel to start a business. Because Starting A Business Is Worth It For Your Pockets, Your Creative Mind, Your Legacy, Your Knowledge, Your Need To Help Others And Worth It For Your Financial Well Being. Your Start A Business Advocate, James Dazouloute


Is starting a business safer than your job infographic?




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Tags: Start A Business, How To Start A Business, Ideas For Business, Business, How To Make Money In Your Business, Online Business, Have A Business 
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