-Sammy Sorrell-
Author, Radio Talk Show Host, National Director of Legal Reform Group
Financial Consultant & Business Entrepreneur

 
BUSINESS & FINANCE THE BACKBONE OF THE ECONOMY

Millions of people dream about being self-employed with a business they can create for themselves.  The desire to be your own boss in an outside business or even a home base business and have the blissful freedom to set your own hours is a powerful force for just about any man or woman. 

But what most often bursts the bubble of those who dream of self employment and self-determined financial independence are the immediate roadblocks that present themselves.  Home business is huge dream of many Americans today and millions have started a home business.  Most often in a start up home business the roadblocks will be the need for large amounts of startup money, the need for a special skill, the need for a business that can support you better than your current job, the need for a business that does not require special and expensive equipment and the need to find a business that can be done anywhere in the country, namely where you want to live.   This site will give some guidance in those areas as well as an overview of the world of business and finance.

Starting a business is like building a house.  It would be foolish to think anyone could build a house without a plan and a lot of details to back up that plan.  Starting a business is no different.  There must be a plan that sets out all the details and spells out first things first and last things last.  Many businesses fail because they were not planned well and properly started.

After being in the loan business for a number of years, I wish I had a dollar for every borrower who came to my office to apply for a loan without a business plan.  Oh they had some ideas but they were all fragmented.  No business should ever be started or undertaken with just fragmented ideas and without a written business plan.  And what should that business plan tell you?  It should formalize every important facet of your intended business.  The most important things are;

1.  A brief describing the purpose of the business and an introduction to the business.

2. A description of the product or service and how it is to be developed,  procured or manufactured.

3.  A complete market analysis of the product need,  identifying the target market.

4.  Marketing program that details how the product is to  be marketed.

5. Competition analysis within the market and why your product should gain the edge in the marketplace.

6. Management profile including experience and the lack of experience and plan to offer the best management  possible.

7.  Pro forma of capital needs and how that capital is to be furnished or obtained.

8.  Pro forma for five years showing projected profit and loss.

9.  Alternative plan of financing if pro forma is not met.

10.  Growth goals and method of reaching and attaining those goals.

This type of a business plan will serve as a road map.  Of course there may have to be adjustments from time to time but most all maps require a little change and adjustment.  The important thing is you still have the map for a guide.

SUCCESS TIPS FOR FINANCE & BUSINESS

Success Tips For Finance & Business by Author Sammy Sorrell is a series of great self help information reports developed to give direction in the field of finance and business.  Individual reports cost $10 each with proceeds donated to the Sorrell Information Center for Social Causes.  All reports are two to six pages and power packed with facts that can bring benefit and reward into our lives as we journey through this mortal life.  

 Click on the check box of report (s) you want and proceed to order box below