Business Startup Process

A business startup can be an intimidating process. But no worries, My Source Entrepreneur is here to assist you every step of the way. We will work with you from your idea concept to launching your business. Offering free consultation for new entrepreneurs. Our Business Startup will help you with planning, market research, business registration, technical assistance, and more. Contact Us to get started.

We offer the following services:

Business Plans

This is an important step for entrepreneurs, a business plan is a road map for your business. It defines your business goals, why they are attainable, and how you are going to reach them. You will need one when dealing with lenders, investors, and banks.

We offer two types of Business Plans:

THE PITCH

A pitch is delivering a verbal business plan. A pitch typically takes the form of an entrepreneur presenting the idea to prospective investors. It is a presentation that delivers the idea into a short summary that takes a very small amount of time to describe the business opportunity.

This is a PowerPoint presentation that includes a cover page, idea, business model, customer, competition, message, sales, internal functions, administrative team financial projections and Next steps.

THE PLAN

A business plan is a written description of your business’s future. This can help a number of tasks for entrepreneurs that are seeking investors. It is use for companies that are trying to attract prospect for new business, suppliers or simply to understand how to manage their companies better.

It includes a Cover page and Table of contents, Executive Summary, Business Description and SWOT Analysis, Market Research & Industry Analysis, Marketing Plan, Management Summary and Operations Plan, Financial Projections, Break Even Analysis, & Conclusion. Plan takes 14 days to research, write and develop.

Business Registration

Your business registration is crucial in order to operate legally. To register your business you will need:

Entity Identification Number (EIN) required by the Internal Revenue Service for Federal Tax

State Business Registration required by Pennsylvania Department of State

Business Privilege License required by the Local Government

Before registering your business you must think about two important things:

Business Name

Your Business Name will be your identity, how customers or clients will recognize your company.

You can visit The Department of State of Pennsylvania and search names to see if the business name you want is already registered.

Business Structure

Your Business Structure is how you will operate. The Internal Revenue Service and the Small Business Administration have information about these business structures.

Technical Assistance

Do you have a location for your business? Is it permitted in the area? Before you buy or rent a property, you must make sure that your business is permitted in the area. We can conduct a research to verify the zoning area of the property for usage. This step will allow you to make an educated and better informed decision.

Other Business Applications:

We can help and guide you with applications that will help your business meet your state requirements. Will you be selling a product or a service? Are you going to have an online business? It is important to check with your state and ensure that all forms are completed before you launch or expand your business.