Help Is On The Way!!!
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TL Business Start Up Secrets
For Start Ups and Small Business Owners
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November 2002
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Written by Shaunta Murray Pleasant
President, TL Manage Inc.
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*********Table of
Content**********
A Note From The Editor
Can Your New Business Last In This Financial
Environment?
Top Five Questions For The TL
A Short Course In Human Relations
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~~~ A Note From The Editor ~~~
Have you ever been driving in your car on the way to
work?
As you drove down
the highway everything was going
smoothly. You were driving at about the same pace as
everyone else. Until suddenly everyone on the highway
started to slow down, as you slowed down you started
to get very frustrated at the fact that you were being
detained by the non movement of the highway.
Finally you
reached the point on the highway where you
could see that there was a really bad accident. This
accident involved four vehicles. As you slowly drove
passed this accident you noticed that someone was
injured.
This situation happens everyday... Where things are
moving smoothly and all of a sudden things are turned
around.
Take it easy and enjoy life to the fullest. Make sure
you are doing everything you can to make your life
successful.
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~~~Can Your New Business Last In This Financial
Environment?~~~
Most people wish and dream of starting a super
successful business. They just imagine it. But, they
never take action to start it.
Or perhaps they may have a little more guts then most
of us and they start a business and this business is
not successful.
It just doesn’t add up to what they thought a business
was supposed to be for them. So they give up. They
go out of business in a record time.
After this experience they have internal bad feelings
about business ownership. Most of these people will
never start another business again.
Well, I hate to admit it but this is what happens to
most new businesses. They just simply don’t last.
The median life span of a small business terminating
is between three and five years. Only one out of ten
businesses survives for twenty or more years.
What set the successful businesses apart from the vast
majority of businesses? Sometimes it is pure luck but
the majority of time it is pure dedication, willpower
and hard work.
Have you ever met a really successful person? I mean
have you ever got to interact with them on a daily
basis? These people are really focused. They know
precisely where they are and where they are going.
There vision is absolute and clear.
The best way to become successful is to model your
life after the successful people in the world and take
on their successful traits.
Find yourself a mentor to help you with this task. Or
read and listen to audio tapes to learn about mentors,
if you don’t have one in your life.
A mentor is a role model that you wish to learn from.
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~~~~~ Top Five Questions For The TL ~~~~~~
1. What are the rules and regulations for starting a
business?
Nikque – Bolivar, TN
There are different rules for different types of
businesses. The best place for you to go is to your
local Small Business Administration (SBA) office. You
can also go to
http://www.tlmanage.com/12stepstostart.html, this site
can give you a little insight about business start up.
2. I am working with an investor on an idea and they
want a prospectus. Where can I get that information,
and what does a good prospectus contain?
Greg B – Oviedo, FL
I looked on the Internet and found a sample
Prospectus. I hope this will be useful for you at:
http://www.wbd-inc.com/Seller/Sample%20prospectus.htm.
3. Need a business plan for 28 ft Power boat that will
serve as a variety service in the market?
Roger J – South Africa
To find information about writing a business plan go
to
http://www.tlmanage.com/bplan.html. I don’t know
the specifics about your business or your business
type, so the information on that site is general.
4. Where do I get start up money?
Tina F – Kenosha, WI
The best way to get money to start a business is to
save up for it. You can also ask people you know for
a loan. Or you can apply for a loan at a bank,
http://www.tlmanage.com/sbabanks.html is a least of
SBA microbank.
5. How do I find investors, when I have bad credit?
Eryn - Escalon,CA
Just like I mentioned in question number four, the
best way to get money for business is to save it
yourself. I will be hard to get financing from a bank
if your credit is not good. So you will need to fix
your credit. You can also try to borrow money from
people you know.
This information purpose is to provide accurate and
authoritative information on the topics covered. It is
written with the understanding that neither the author
nor the publisher is engaged in rendering legal,
financial, accounting or other professional services.
Neither TL Manage Inc. nor the author assumes any
liability resulting from actions taken based on the
information included herein. Mention of a company
name does not constitute endorsements
You can ask one of our consultants a question about
your
business start up concerns. We will publish the top 5
questions in the TL Business Start Up Secrets
Newsletter. You must be a member to view any replies.
http://www.tlmanage.com/question.html
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For a free copy of the SBA/IRS The Small Business
Resource Guide 2002, What You Need To Know About Taxes
And Other Topics at:
http://www.irs.gov/businesses/small/page/0,,id=7128,00.html
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~~~A Short Course In Human Relations~~~
The six most important words: “I admit I made a
mistake.”
The five most important words: “You did a good job”
The four most important words: “What is your opinion?”
The three most important words: “If you please.”
The two most important words: “Thank you.”
The one least important word: “I”
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See you next issue. :-)
All the best,
Shaunta
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Click here»»
Writing A
Business Plan
Writing a business plan is one of the most important aspects
of starting a business in today's every changing
environment. Why is writing a business plan so important?
The first fold...
Click here»»
Business Plan
Sample
This Sample Business Plan will help you write your
business plan in the correct manner. You will get to see
what a business plan really looks like. And also see how it can
help you. The second fold...
Click here»»
Business
Plan Checklist
Business Plan Checklist, will make sure you have not
forgotten anything that should be included in you business
plan. The third fold...