Michael Lodge – listen to my PodCast You can also listen to me on IHeart Radio.
This is brought to you by Lodge & Co. – a business and tax advisory service for small business and start-ups. Visit our web site at www.lodge-co.com and learn more about us and what we can do for you.
Over the next few days you and I are going to talk about starting a business. What is the processes we need to go through and questions we need to ask, and the planning that needs to be done. We will go through the step by step process.
20 Questions Before StartingSo you’ve got what it takes to be an entrepreneur? Now, ask yourself these 20 questions to make sure you’re thinking about the right key business decisions:
Other Questions that you should be looking at all the time is:
All of these are part of looking at your forecasted expenses at the beginning of your business and yearly. And once you know how to read your financial statements and meet with your accounting team, you can look at these expenses and make adjustments where needed.
Get your legal pad out and start answering the question above. Sit down with your accountant and tax advisor and go over what is needed to create a financial forecast, budgets, and reporting process to know where you stand month by month. Know your financial statements.