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Business Lifecycle

Start Your Business

Launching your business can be both an exciting and overwhelming venture. We are here to provide you with guidance, resources, and loan products tailored to your business. Whether you’re starting from scratch or buying an existing business, there are several things to consider from writing a business plan, funding your business, to opening up a business bank account.

Are you ready to get started? Contact an advisor now!   woman at computer icon

Getting Started

Starting your business requires a great deal of planning. Our Business Advisors will want to know that you have adequate experience, sufficient collateral, enough cash flow to repay your debt, and the necessary documentation in place.

Follow our Easy Start Checklist to get started:
 

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Step One:  Write Your Business Plan

You'll use your business plan to guide you through each stage of starting and managing your business.

  1. Business description with values, vision, and mission
  2. Market and competition analysis
  3. Plan your operation
  4. Financial plan - include funding request, start-up costs, and monthly cash flow projections

 
Use our Baker Boyer Calculator to estimate your start-up costs.

 

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Step Two: Choose the Right Business Structure

The business structure you choose will determine the fees and taxes the business has to pay. Consult with your business attorney, accountant, and insurance professional to decide what will be best for you.

  1. Register your business
  2. Get federal and state tax ID number
  3. Obtain required licenses and permits

 

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Step Three:  Get the Funding You Need - We're Ready to Help!

  1. Most importantly, contact a Baker Boyer Business Advisor to review your plan and evaluate your funding options