what is best business plan to rescue my company from break down?
347025
no one can answer your question,til you give more info about your business etc.
92497
You should get yourself a Lawyer to Incorporate your business.  Then it's relatively easy keeping the Corp. up
781209
WITH all of the talk about corporate downsizing, it seems that now is a good time to become your own boss.\n\nBut starting a business requires a lot more than dreams of independence, unfettered creativity and a pot of money at the end of the rainbow. It requires would-be entrepreneurs to map out a plan for success and to stick with it.\n\nWhile it's good to have a certain degree of caution about branching out on your own, experts like Walt F.J. Goodridge, author of Turn Your Passion Into Profit, says that wariness can sometimes result in paralysis, or "entrepreneurophobia." The solution, according to Goodridge and other financial experts, is to tackle the thing you're most afraid of. "It may not always be easy, but it will always be worth it," Goodridge writes. "Remember, you can always find excuses not to do something you're afraid of."\n\n\n Develop a Unique Idea. Experts agree that a successful business needs to satisfy distinct needs or interests. Use the problems you have experienced at past jobs, or in life in general, to develop an entrepreneurial idea. Consider turning your passion into a business. Focus on a segment of the community that is underserved and develop ways to provide needed or desired services to that segment.\n\nDefine and Research Your Market. Know your target market. Define age, race, income level, and any other category of consumers you want to reach. Targeting your market makes it easier to design your products or services to meet consumer needs. You can always expand your business to other groups. Before launching a product or service, study the market to predict the necessity for your services. Information can be gathered at the library and online.\n\nDevelop a Business Plan. Experts strongly warn against skipping this step. Although a plan can be mapped out mentally, experts say you should put your ideas on paper. Record your ideas in a notebook, and map out a step-by-step plan to start your business. Call schools in your area or check newspapers for classes on developing business plans.\n\nFinance Your Business. This is the biggest hurdle for most would-be entrepreneurs. Start your business part-time, while keeping your full-time job. This route ensures a steady income, health insurance, and stability until your business is self-sufficient. Save enough cash to last at least six months if you plan to quit your job. Other options include bank loans, grants and borrowing from family or close friends.\n\nLocation, Location, Location. When choosing a location, consider the cost of utilities and rent. Other factors include foot traffic, accessibility to targeted customers, competition, demographics and proximity to other businesses. As a cost-saving move, consider starting as a home-based business. Ask local organizations such as churches, schools and community centers to lease you space for less money than traditional means or in exchange for your volunteer services.\n\nMedia Campaign. Experts advise exploring all possible avenues to make people aware of your business. Word of mouth is one of the most productive advertising tactics. Other strategies include newspapers, flyers, business cards and developing a Web site.\n\nThese tips could put you on that road to the financial security you have always dreamed of, but be cautious. "Success in business is never automatic," according to the United States Small Business Association. "It isn't strictly based on luck--although a little never hurts. It depends primarily on the owner's foresight and organization. Even then, of course, there are no guarantees."
126217
Since we can't tell at what point you are in your business planning I agree with answer number two.  SCORE is a great place to get started.  I have added a few more websites if you are still looking for direction/ideas/answers.  \n\nGood Luck
83430
Start Your Own Corporation\nFrom Darrell Zahorsky,\nYour Guide to Small Business Information.\nHave an Idea? Pitch a Story\nFREE Newsletter. Sign Up Now!\n\nShould your small business become a corporation? This is a question you need to ask during the start-up and evolution of your company. Learn what you need to know about incorporating your small business.\n\nBill's years of hard work had finally paid off. Bill's company, a sole proprietorship computer business was earning solid profits and had built a large client base. Bill thought he had it made, until a part-time employee had "an accident" that wiped out a customer's computer system.\n\nIn a matter of months, Bill's dream business came tumbling down. Slapped with a lawsuit, the sole proprietor lost all his assets, savings, house, and marriage. If Bill had his company incorporated, his business and personal life would have been separated and had an additional layer of protection.\n\nncorporation reduces disasters.\n\nAccording to BizStats.com, only 22% of all the small businesses in America are a limited liability corporation, S corporation, or C corporation. Over 72% of businesses are solely operated and exposed to liability risk.\n\nThe decision to start your own corporation will vary, depending on the needs of the business and yourself. Consider the following benefits of incorporation:\n\nBenefits of Starting Your Own Corporation\n\n# Liability: A corporation exists as a separate legal entity from your personal life. Any debts or lawsuits are incurred by the company, not the owner. Any business with potential for lawsuits should consult with a lawyer and consider incorporation. Incorporating will offer an added layer of protection but it is still adviseable to obtain business liability insurance.\n\nThe bad debts will often be the responsibility of the corporation. In the case of bank financing, more and more banks require business owners to sign a personal guarantee; making your personal assets collectible on a defaulted loan. Consider your options before signing.\n\n# Taxation: Another main benefit to incorporating is the taxation of a company. Corporations are often taxed at a lower rate and have better taxable benefits. Talk to your accountant about the tax advantages.\n\n# Raising Money: Financing a small business as a sole proprietorship or partnership can be difficult. A corporation can sell shares of the company and raise money easier than other business structure types.\n\n# Selling the Business: A non-corporate business is hard to valuate properly. A business corporation value will be based on the business, not the owner, therefore making it easy to sell the company.\n\nStarting your own corporation can be more costly and time consuming than other business types. Your accountant and lawyer can advise you accordingly. The steps to incorporation are as follows:\n\n7 Steps to Start Your Own Corporation\n\n1: Choose a Corporate Name & Address: Have a corporate name search performed to ensure you are unique and have no trade mark problems in the future.\n2: Select A State to Incorporate: Setting up a corporation will be easier and cheaper in your home state than out of state.\n\n3: Select A Corporation Type: Determine the best type of corporation for your business--LLC, S corporation or C corporation.\n\n4: Determine Company Directors: Directors of the company and positions will have to be filed within the Articles of Incorporation and By-laws.\n\n5: Choose Your Share Type:Corporations can issue common and preferred stock. Select the best for your situation.\n\n6: Obtain Certificate of Incorporation: Available from local State office or business retailer.\n\n7: Process & File Incorporation: Your incorporation can be completed by a lawyer or a do-it-yourself kit. Finally, file your incorporation with a Registered Agent.\n\nThe decision to incorporate or not is an important one. Work with your advisors to determine if the time is right for
7718
Well a good approach is to posit several possible scenarios for how you business may end via acquisition.  Which players are interested in the technologies you have built?  What would be the value of your work to them?  What alternatives do they have to acquiring your technology?\n\nBy working through these scenarios, you'll already get a good sense of the scale of an acquisition based exit.  Now this is all assuming the value of your technology on its own merit, outside of how much business infrastructure you have built around it.\n\nTo evaluate that element properly, you need to examine the basic financials of your business.  Are you profitable?  Is there significant revenue?  Is there significant debt?  If the business has been running for a bit and generates profit with modest operational cost, then you can probably get a buyer based purely on this fact.  You should expect to get anywhere from 2-20 times the value of yearly revenue, depending on the operational quality if your business.\n\nAnyhow, your exit strategy needs to include these basic financial numbers, or your projections of them for the future window where the acquisition might happen, and then it should lay out the attractiveness of an acquisition for the potential technology buyers.  If you do this, you would have done your due dilligence, and the finance guys can take it from there.
627457
I agree with experience first and foremost.  Secondly, consult with the SBA and any successful business owners whose brains you can pick.  There is much to know and do.  The majority of small businesses fail and it is due to the fact that people are not prepared for the realities of operating a business and don't have enough start up capital.
74062
I own a couple small businesses.  Alot of it is hiring good managers and understanding the market for your business.  Um, other then that, its all about marketing and hard work.  Keep marketing and dont stop.  Its hard when business is down, but find other cheap alternatives to help with slowing business since the economy is not always strong.  In order for me to keep my business going, I work hard for a lead.  Once the lead isthere, I have a 40+% of getting the job.  Even with a product that doesnt work, you can still do okay with marketing.  Every successful business advertises.  Thats key to every business. Just how to advertise it is dependent upon regular business practices for your line of work.  Good luck.
270951
If you cannot manage your personal finances. What makes you think you can manage a business?\n\nI suggest you to repair your credit score and save half your income.
1089363
GO TO\nsba.gov\nyou need to have a good business plan before any one can exsept it. so go to sba.gov they will help you out.
88226
Business Plan for raising capital, from bank or investors.\nIf you don't need money, it is still a good idea to write out what your plan is regarding intended size of business, market you will serve, will you contract with AAA or other motor clubs, will you go after business from dealers or repairs shops?\n\nWho will operate the business. How many employees? How many trucks? Will you do repairs? Do you need a walk in location or just operate from home? How much will insurance cost, rent. Business licenses needed where you operate? How will you do payroll? Apply for credit card acceptance? Do you have an accountant? Will you do your own financial recordkeeping? With what? Quicken? Do you have a lawyer? Will you incorporate? Subchapter S corp, C Corp or LLC? Do you have an insurance agent?\n\nFinancial projections.. can you make money, how many tow jobs a week can you do? how long before you make a living, can you support yourself until positive cash flow?
1070090
First thing you need to do is put an "executive summary" of or your idea (or a more detailed "business plan") together.   It doesn't have to be anything crazy but it should cover the following topics:\n\n1) A general overview of the idea.  Basically, explain the business and describe why you think it is a good idea.  Include as much third party supporting evidence as possible.  You want to show that you (or your group) are not the only one who thinks this is a good idea.\n\n2) Backgrounds/Resumes of those involved.   Investors are investing in the people behind the idea as much as they are looking to invest in the idea itself.\n\n3) Planned Marketing Strategies (How are you going to attract customers?)\n\n4) Operation Summary.  Detail how you plan to operate your business.  \n\n5) How much are you willing to give up to someone who is willing to lend financial backing?  This can be a percentage of ownership in the company, interest on a more traditional loan, a revenue share opportunity, or any combination.\n\n6) Financial Projections (What are your start up costs? What will your monthly expenses be? Are you going to lease or buy equipment? How much revenue will you generate? etc).\n\nNow that you have your idea on paper, you can start looking for investors.  (Well, even if you have all the answers in your head, you can start talking to people.  But, at some point, they will more than likely want all of the above written out.)\n\nIn this case, I'd start talking to friends and family about the business.  You never know who might be interested.  Also, check with your local small business administration.  They can point you in the right direction regarding local investors.
584306
Find a Charter Accountant...and a good business lawyer...They should be of good use!
1117411
Running your own business, you will have to be able to focus on more than one thing.  Starting your business on a small scale part-time and keeping your day job is a good way to do this.  \n\nDepending on your stage in life, you may be able to have your parents or spouse support you while you take the dive and start a business on your own.\n\nEven if someone else will be supporting you, you should save up as much money as possible in the short run.  The biggest cause of business failure is not enough capital.
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Check with a broker that has multiple outlets for writing new business, possibly with a surplus & excess line insurer, or Lloyds of London.  Many of the larger companies have suspended binding authority in the state of Florida due to all the hurricains.  Best of luck to you.
84547
I suggest you contact your local writing or editing groups. There are writers who specialize in doing business plans.
448454
sometimes that all that is needed to save a failing business. we don't just start business we fix them too!!