As business owners look toward the new year, there are certain things that can be done to help make the coming year even better than the last. I chatted with Richard Capasso, CPA, CFP and PFS at Clairmont, Paciello & Co. to create a list of five things to help set your business up for a successful year ahead:
Make a Plan: It’s been said, “People don’t plan to fail; they fail to plan.” This year, take the time to develop a financial plan for your business. It can be simple or complex – you decide; but make a plan….
In today’s society where a lot of small business owners might be consumed with social media marketing, constructing a fancy website and networking on LinkedIn, sometimes the basics of business are overlooked. One of the things that some small businesses overlook is the need for a business plan. A professional, comprehensive business plan is absolutely necessary when considering starting a new business. Think of a business plan as your foundation. It will help you identify your goals, target market, growth objectives, staffing, financing and organizational structure.
As a small business banker, it is the first thing I ask my prospective…