6 small business must haves

Updated: Apr 5

According to the Small Business Administration, there are five small business must-haves.

  1. Business plan

  2. Funding source(s)

  3. Business Administration

  4. Marketing Plan

  5. Business Team

  6. Protect your business intellectual property and contracts (CPR LLC recommended the 6th)

Consultant Proficiency Resources (CPR) LLC services include the devising or editing of business plans to bring together like-minded business teams. For intellectual property and contracts, CPR recommends recruiting your own legal eagle or other firms that offer more affordable legal services.

Why are the services important? Consider the below:

  • Think of your business plan as a road map or GPS to your final destination. Without the roadmap, you will fail to know when you arrived at your destination.

  • $$ is important to start, manage, or grow your business. Funding is available from the United States government, local foundations, angel investors as well as Corporations. Know the greater the funding, the more data you must have available to present. Data include: (1) your business plan, (2) your marketing plan, (3) income tax statement, etc.

  • Essential business administration includes: recruiting the right team, honing employee professional development, identifying the right finance team, policies, and procedures, etc.

  • A marketing plan is required. In the 21st century, this signifies using technology to create additional noise about your business, whether via social media, old-school marketing such as guerilla marketing, etc. You need a plan.

  • You know the old adage, "birds of a feather flock together." In the professional arena, this can be an expensive proposition if you do not assemble the right team. The CEO, as the core, need talented individuals with soft skill sets that can work cohesively. A talented, toxic executive is a costly mistake to any organization.

If the above tips were helpful, consider becoming a CPR LLC loyal Patreon member to obtain coaching advice from CPR LLC's founder.


Warm Regards,


CeeCee


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