1. Do you have a well-developed business plan, or do you need some assistance in starting or finishing the plan" Please select one response: My Plan is well-developed My Plan is "somewhat" developed My Plan needs a "liitle work" HELP! I have notes and data and a great idea, but nothing organized on paper 2. Are you receiving assistance from an accountant, and if so, whom? No accountant right now Yes, but I have some doubts Yes . 3. How are the current economic conditions having an impact on your situation? I lost my job and now is the time to go out on my own No change in my current financial situation I think now is a great time to start a business I'm not really sure (don't worry, this is a good answer too!) 4. When developing your business plan, did you consider the tax consequences of various capital structures? Yes No, not necessary I had not considered my options 5. Are you receiving assistance already from an attorney, and if so, whom? No help right now, doing it all myself Yes, but I have my doubts Yes . 6. Are you buying an existing business with historical businesses records or are you starting from "scratch?" Starting from "scratch" Existing business with historical data 7. If you bought an existing business, how reliable are the business tax returns to evaluate past financial performance? Very reliable because they are representations made to the IRS that if not true could result in penalties to the business Somewhat reliable, but may have been based on less reliable financial information Not reliable, you want to see internal documents I only look at the bank statements for a true representation of cash flow 8. Are there many competitors currently in your market? No, I have a monopoly There are a few, but I think I'm better There are many competitors I had not really considered the competition 9. Where do you plan to get your financing? Personal funds A mix of personal funds, family funds and some credit I'll need to go to my bank That's the big question; I have some money now, but will need funding 10. What are your projected revenues for the second year of operations? I am only projecting revenues for the first year I do not really know I've done my homework: . 11. If there is one thing you need some help on, what would that be?
1. Do you have a well-developed business plan, or do you need some assistance in starting or finishing the plan" Please select one response:
My Plan is well-developed My Plan is "somewhat" developed
My Plan needs a "liitle work" HELP! I have notes and data and a great idea, but nothing organized on paper
2. Are you receiving assistance from an accountant, and if so, whom?
No accountant right now Yes, but I have some doubts
Yes .
3. How are the current economic conditions having an impact on your situation?
I lost my job and now is the time to go out on my own
No change in my current financial situation
I think now is a great time to start a business
I'm not really sure (don't worry, this is a good answer too!)
4. When developing your business plan, did you consider the tax consequences of various capital structures?
Yes No, not necessary I had not considered my options
5. Are you receiving assistance already from an attorney, and if so, whom?
No help right now, doing it all myself Yes, but I have my doubts
6. Are you buying an existing business with historical businesses records or are you starting from "scratch?"
Starting from "scratch" Existing business with historical data
7. If you bought an existing business, how reliable are the business tax returns to evaluate past financial performance?
Very reliable because they are representations made to the IRS that if not true could result in penalties to the business
Somewhat reliable, but may have been based on less reliable financial information
Not reliable, you want to see internal documents
I only look at the bank statements for a true representation of cash flow
8. Are there many competitors currently in your market?
No, I have a monopoly There are a few, but I think I'm better
There are many competitors I had not really considered the competition
9. Where do you plan to get your financing?
Personal funds A mix of personal funds, family funds and some credit
I'll need to go to my bank
That's the big question; I have some money now, but will need funding
10. What are your projected revenues for the second year of operations?
I am only projecting revenues for the first year I do not really know
I've done my homework: .
11. If there is one thing you need some help on, what would that be?
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