Michael Consiglio Store: Work: Cell:

Introduction Bigstackchips How do I get started? Legalities Challenges You must be able to ____?

How do I get started? Pray Develop a business plan Develop a marketing strategy Develop a competitive analysis Pray again Develop pricing strategies Do it again

Legalities See a Lawyer –Discuss the business –What type of partnership –Liabilities –Business See a Certified Public Accountant –Employee Identification Number (EIN) –Register the business with the state –Payroll taxes –Sales taxes –Monthly Accounting

Find an Insurance Broker –First time business owners a problem –Workmen’s Compensation Insurance –Liability Insurance Find Real Estate Broker –Space Requirements –Location

Challenges Pricing –Market Base –Cost Basis Customer Satisfaction Employees –The Right One –Retention –Competitive –Happy

Cash Flow –Payables –Receivables –Inventory –Investment –Expenses –Advertising

You must be able to ____? Think out of a box What if ? Anticipate – React – Prepare – Deliver Pray Redo, Redo and Improve