About
Us
Unfortunately,
over 80-90% of businesses fail in their first five years of operation.
Most do not make it past year one. The good news is that success
leaves clues. We know that when companies fail during their first
five years, there are primary reasons that cause this to occur.
For example, many companies ignore establishing proper accounting
practices from day one. They find themselves relying on their business
checkbook to determine financially how they are doing. They may
find themselves 1-2 years behind on a business tax return because
they did not take time to establish a system. Accounting is some
of the best non-emotional feedback as to how your business is doing.
The IRS is especially interested in your accounting.
Marketing
is another key area. It is amazing to us how many companies, especially
on the Internet, do not understand marketing. Over 90% of the companies
on the Internet do not have any type of empowering headlines to
get you excited about reading their sites. Most companies do not
have a USP (unique selling proposition). A USP tells your customers
what makes you unique compared with your competition. If your company
has nothing that makes you unique, you are left to compete on price,
and eventually you are left to continually undercut your competition
in order to survive!
The
first step in starting your new business is clearly understanding
the BEST entity for YOUR situation. The challenge with
the Internet today is that most sites explain a few benefits for
each structure, sole proprietorship, S corporation, C corporation,
or LLC but can not give you any insight into what may be best in
your situation. The real reason for this is there can be many variables
involved in making this decision and, for many people, it is somewhat
complicated. When companies make things complicated, they don't
sell. When they don't sell, they go out of business. The easiest
solution for them, but not for you, is to give you simplistic answers.
Our
site is unique and different. We have taken extensive time to break
down the questions you need to ask yourself to make a decision.
You can call our offices and we will spend
15-30 minutes looking at the options that affect your situation.
Then, and only then, can we help you make a clear decision. We also
strongly recommend that you have your attorney or CPA on the phone
with a conference call at that time if those people are important
in your decision making. We would be doing a you disservice if you
just called us with the type of entity you may have thought was
best for you and we had no input.
Next,
is to support you through the formation stage
of the entity, from the record book to getting started
with your CPA. Our record book has over
100 pages of detail. Every form is completed with
your company name. Each blank that needs to be completed is
clearly marked as to what goes into that blank. Each section has
an instruction guide as to what that section is about. Even our
stock ledger has instructions on how to maintain it. Plus we have
included many sample resolutions with your company name already
filled in! Then we support you with e-mail reminders
to make sure you issue stock, meet with your CPA,
start payroll, get a business license, file your
taxes
You
are then directed on our web site to successful tips on how to be
successful and to be one of those 10% after five years that is still
in business!
Many
of you should realize that starting a new business is not the best
idea. As we said earlier, most companies go out of business after
five years. Not only do they go out of business, typically, the
owner went from being an employee working 40 hours per week to owning
his or her own business working 70-80 hours per week. Then you had
to borrow money to keep the company afloat. Now after five years,
you owe $50,000, you are tired, overworked and your family and personal
relationships have suffered! You would have been better off NOT
starting this business.
As
we said the good news is that success leaves clues! There are a
vast number of people and companies who have become successful.
One does not have to reinvent the wheel. If you are open minded
and search for knowledge, then turn that into a passion for taking
action, you will have a chance.
We
feel the first step in your
new business is a critical one. Which entity
is best for you? Please call us at (888)
466-7566,
and ask for a free consultation with a Senior Consultant.
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Phone: (888) 466-7566
E-mail:
info@123-inc.com
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