steps to business ownership

John Braun – Capital Franchise Team

TOLL FREE 1-877-609-0570Capital Franchise Team, LLC

Working together to achieve your dream

•Identify your motivation – not just a paycheck

•Your goals and dreams are important. You will face many obstacles, if you don’t have strong motivation you might not make it

•What does financial freedom look like to you?

•What is your time line to achieve? Capital Franchise Team,

LLC

• If you are analyzing your skills to find a job, why not see how those skills match up with starting a business?

• Do you have passion for a hobby, or an interest that can be converted into a viable business?

• Are you looking to leverage management skills that you developed in your career to buy an existing business, or a business system?

• I can help you, by showing how your experience, skills, education, interests, and hobbies can be matched to a business.

Capital Franchise Team, LLC

• Most people work on the To Do list, and spend little time thinking and working on who they need to Be to achieve their goals.

• The key is to work on who (yourself) first, and then what you need to do.

• The Have part always comes last. In our society, people want to have the goal/reward first (instant gratification).

• Robert Kiyosaki – The Cashflow QuadrantCapital Franchise Team,

LLC

PerseveranceDesire and Willingness to take the initiativeCompetitivenessSelf-RelianceStrong Need to AchieveSelf – ConfidenceGood physical health Lower on the listStrong desire for moneyPatienceOrganizational skillsToday’s entrepreneurs are more interested in competition then in money or

power * William E Jennings – A profile of an Entrepreneur – U.S. News and World reportCapital Franchise Team,

LLC

What service or product does the business provide, and what needs does it fill?

Who are the potential customers, and why will they purchase from you?

How will you reach the potential customers?

Where will you get the financial resources to start your business?


Elements of a successful planExecutive SummaryGeneral Company DescriptionProducts and ServicesMarketing PlanOperational PlanManagement and OrganizationPersonal Financial StatementStart Up Expense and CapitalizationReview and Refine – schedule quarterly or semi

annuallyCapital Franchise Team,

LLC

Business Structures Sole Proprietorship Partnership

Types of partnerships - General Partnership, Limited partnership w/limited liability, Joint Venture

Corporations “S” Corporations “LLC” Corporation “C” Corporations


If purchasing a Business or a Franchise, the name will be already established.

Based on the business type you may need to your name on a sole propreitorship

You will need to research your name through the Virginia State Corporation Commission

Domain Searches – Check out the business name on the internet, check out other various spellings, and domains.

Can the web address be easily spelled?


Start with what you have, do a financial check up, what are your assets and liabilities? Your available capital and your Net Worth

What is your credit score?Your family, your “home bank” even if you do not

have a personal relationship with your bank. Your bank knows you better, then other banks.

SBA – new options from the stimulus plan401k as a (non taxed) source for funding a

businessMany other options available


Who do you need?Business AttorneyCPA Business ConsultantInsurance ExpertFinancial AdvisorTrade groups / associations


People – Choose them wisely – Ask people who have experience in business, don’t be afraid to share your ideas or your fears with those who can help

Books / Education – Many others Robert Kiyosaki Michael Gerber Napoleon Hill

SBA / SCORE Others


Most people can’t even predict that they can keep their jobs with a 90% certainty. Franchises have a 90%+ success rate. It is why I work with them.


When the person meets the right business – It is Magic

Schedule a complimentary consultation todayA goal is your Dream with a timeframe

Working together to achieve your dreamCapital Franchise Team,

LLC