The lower the investment, the faster it is to to recoup what has been invested in the business.
Raleigh, NC (PRWEB) February 19, 2013
For individuals looking to start a New Business or think they have a New Business Idea, it can be overwhelming going through the process of knowing if it is a good opportunity. Paul Reiss at Signature Greetings states, "there are a lot of items to consider: What is the Investment, What is the Income Potential and the Return on Investment, are there Accounts Receivables, Inventory, or Employees?"
According to Paul Reiss, individuals wanting to start a New Business should consider for the following:
1. Low Investment - the lower the investment, the faster it is to to recoup what has been invested in the business.
2. High Income Potential - the higher the income potential, the higher the rate of return on investment and hence the faster it will be recoup what was invested in the business.
3. Low Accounts Receivable and Inventory - the lower the requirements for accounts receivable and inventory, the better cash flow a business will have. If a business carries high accounts receivable and inventory, the business will have large amounts of cash tied up thus reducing cash flow.
4. Few or No Employees: with a few or no employees, the business will reduce the amount it pays in salaries, taxes and benefits for others which will result in more cash in the owners pocket.
Before investing any money, research the New Business or the New Business Idea. For every good idea, there is someone else that has had that idea. Getting involved with a New Business that is already developed and has a proven track record can be very helpful in the long run. Why reinvent the wheel?
Once a New Business or New Business Idea has been decided on, determine what type of Business Entity to use, deciding how to legally structure a business can become very tricky so it is recommended to consult with a CPA or lawyer.
After the legal structure is decided on, one of the most important steps to take is to create a business plan. Creating a business plan for a New Business at the beginning will help guide the vision and direction of the business. Think of a business plan as the blue print for a business.
About Signature Greetings, LLC:
Signature Greetings, LLC was founded in January 2009. Signature Greetings began in 1993 as Client Connection, a Greeting Card Mailing Business operated by two women in Denver, CO. Today, it is owned and operated by Paul Reiss in Raleigh, NC. Paul brings over 20 years of corporate experience to Signature Greetings and the New Business arena.