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Watch This Video Before Starting Your Epoxy Countertop Business Plan PDF!

Checklist for Starting a Epoxy Countertop Business: Essential Ingredients for Success

If you are thinking about going into business, it is imperative that you watch this video first! it will take you by the hand and walk you through each and every phase of starting a business. It features all the essential aspects you must consider BEFORE you start a Epoxy Countertop business. This will allow you to predict problems before they happen and keep you from losing your shirt on dog business ideas. Ignore it at your own peril!

For more insightful videos visit our Small Business and Management Skills YouTube Chanel.

Here’s Your Free Epoxy Countertop Business Plan DOC

This is a high quality, full blown business plan template complete with detailed instructions and all related spreadsheets. You can download it to your PC and easily prepare a professional business plan for your Epoxy Countertop business.
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Free Book for You: How to Start a Business from Scratch (PDF)

A Step by Step Guide to Starting a Small Business
This is a practical manual in a PDF format, that will walk you step by step through all the essential phases of starting your Epoxy Countertop business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

Copy the following link to your browser and save the file to your PC:

https://www.bizmove.com/free-pdf-download/how-to-start-a-business.pdf

How to Obtain Equity Capital

Unlike debt capital, equity capital is permanently invested in the business. The business has no legal obligation for repayment of the amount invested or for payment of interest for the use of the funds.

Share of Ownership

The equity investor shares in the ownership of the business and is entitled to participate in any distribution of earn­ings through dividends, in the case of corporations, or drawings, in the case of partnerships.

The extent of the equity investor's participation in the distribution of earnings of a corporation depends upon the number of shares held. In a partnership, the equity inves­tor's participation will depend upon the ownership percen­tage specified in the partnership agreement.

Voting Rights

The equity investor's ownership interest also carries the right to participate in certain decisions affecting the business.

Legal Liability

The personal liability of equity investors for debts of the business depends upon the legal form of the organization. Basically, the investor who acquires equity in a partnership could be personally liable for debts of the business if the business should fail. In a corporation, the liability of equity investors (shareholders) is limited to the amount of their investment.

In other words, if a partnership should fail, creditors could have a claim against the personal assets of the individual partners. If a corporation should fail, the only claims of creditors would be against any remaining assets of the cor­poration, not against any personal assets of the shareholders.

Equity Investor's Compensation

The purchaser of an equity interest in a business expects to be compensated for the investment in any of the three following ways:

Income from earnings distribution of the business, either as dividends paid to corporate  shareholders or as drawings in a partnership.

Capital gain realized upon sale of the business.

Capital gain realized from selling his or her interest to other partners.

Capital Gains

Capital gain is the term used to describe any excess of the selling price of an investment over the initial purchase price. For example, if you purchased an equity interest in a business for $5,000 and later sold it for $8,000, you would realize a capital gain of $3,000.

Earnings Distribution

The equity investor in a partnership is entitled to a share of all drawings paid out to partners at a percentage estab­lished when the interest was purchased. For example, assume an investor acquired a 20% interest in a partnership. The distribution of earnings to all partners in a given year is $20,000. The holder of the 20% interest would receive $4,000.

The dividends received by the equity investor in a corporation depend upon the number of shares held. For example, if a corporation voted a dividend of $1.50 per share in a given year, the owner of 1,000 shares would receive a divi­dend of $1,500 (1,000 x $1.50).

Sale (or Liquidation) of Business

If a business is sold or liquidated, the equity investor shares in the distribution of the proceeds. As with an earnings distribution, the share of the proceeds in a cor­poration sale depends upon the number of shares held. In a partnership, each partner's share of the proceeds is based upon the percentages specified in the partnership agreement.

If the proceeds received by the equity investor exceed the original purchase price, this excess is considered a capital gain and taxed accordingly.

If the business were liquidated, the assets would be sold and the proceeds would first be used to discharge any outstanding obligations to creditors. The balance of the proceeds, after these obligations had been fulfilled, would be distributed to the equity investors in accordance with their share-holdings or percentages of interest.

Sale of Equity Interest

As a business prospers and grows, the value of an equity interest grows with it. Therefore, the equity investor may be able to sell his or her interest at a price higher than the initial acquisition cost.

For example, an equity investor in a corporation may have purchased his or her interest at $10.00 per share. As the business grows, he or she is able to sell the shares at $15.00 per share, realizing a capital gain of $5.00 on each share sold.

Capital Gains vs. Dividends

In many cases, the equity investor in a small business is primarily interested in capital gains. Aside from the tax advantages, the equity investor usually realizes that the earnings of the small business are better retained in the business than distributed as dividends or drawings. Retention of earnings permits the business to grow so that the value of the equity interest increases. The investor can realize a return on the investment through a capital gain derived from selling his or her shares or upon sale of the business.

Public Stock Offerings

When businesses are first organized, equity capital is usual­ly secured from a combination of sources such as the original owners' personal savings and through solicitations from friends, relatives, or other persons known to have financial capability for such investments.

As the need for equity capital becomes greater, say $200,000 to $1,000,000, it is customary to seek capital through the services of professional finders, who receive a fee for se­curing the capital needed. These finders normally have ac­cess to wealthy individuals, capital management companies, estates, trusts, and others with sufficient capital to make such an investment.

At higher levels of capital need, shares are sold through public offerings. The public offering seeks to attract a large number of investors to purchase stock, in large or small amounts. A market is then created for the stock. Shares purchased by the public, as well as the shares held by the original owners, and any subsequent equity investors can also be sold at the going market price. These trans­actions do not have a direct effect on the business' capital position since it does not receive the proceeds from the sale.

The equity investor can realize a capital gain by selling shares at prices higher than the original purchase price.

Risks of Equity Investment

The equity investor assumes substantial risk. Unlike the secured creditor, the equity investor has no specific claim against any assets of the business. In liquidation, all claims of all creditors must be satisfied before any remain­ing assets become available for distribution to the owners. Even then, the equity investor's participation in the pro­ceeds is restricted to a share that is proportionate to the number of shares held or the partnership interest.

Since the risks of equity investment are so substantial, particularly in the case of small businesses, equity inves­tors expect a considerably higher return than the lender.

A lender might be willing to loan money to a business at an interest rate of 10% or 12% since it has certain legal protections in the event of default or liquidation. The investor of equity capital in the same business might seek a far higher return, perhaps 20%, 50%, or even more in order to compensate for the added risk of equity investment.

 

 

If you Operate a factory, wholesale outlet, retail store, Service store, or are a builder, you'll need to sell. However good your
product is, no matter what consumers think of this, you need to sell to endure.

Direct selling methods are through private sales efforts, Advertising and, for most companies, exhibit - like the packaging and
styling of the product itself - in windows, at the establishment, or even both. Establishing a good reputation with the general
public through anyhow and special services is an indirect process of selling. While the latter should never be neglected, this
short discussion will be confined to direct marketing methods.

To establish Your Company on a firm footing requires a great deal Of competitive personal selling. You might have established
competition to overcome. Or, if your thought is fresh with minimal or no competition, you've got the additional difficulty of
convincing people of the value of this new idea. Private selling work is nearly always necessary to accomplish this. If you aren't
a good salesperson, seek a worker or asociate who's.

A second way to create sales is by advertising. This may be done Through newspapers, shopping newspapers, the yellow pages section
of the phone directory, along with other published periodicals; radio and television; handbills, and direct email. The media you
choose, as well as the message and style of presentation, depends upon the particular customers you would like to attain. Plan and
prepare advertisements with care or it will be unsuccessful. Most media will have the ability to describe the characteristics of
their audience (readers, listeners, etc.). Ever since your initial planning described the characteristics of your potential
customers, you want to match these characteristics with the media crowd. If you're selling expensive jewelry, don't advertise in
high school newspapers. If you repair bicycles, you probably need to.

Advertising can be quite expensive. It is wise to place a limitation upon An amount to spend, then remain within that limit. To
assist you in deciding how much to spend, study the working ratios of similar companies. Media advertising salespeople will help
you plan and even prepare advertisements for you. Make sure you tell them your budget limitations.

A third Way of sparking sales is effective displays both in Your place of company and out it. If you've had no prior expertise in
display work, you are going to want to examine the subject or turn the task over to somebody else. Watch displays of different
companies and read books, trade publications, as well as the literature supplied by equipment manufacturers. It could be smart to
employ a display expert on your opening display and unique occasions, or you could obtain the help of one on a part-time
foundation. Much is dependent upon your kind of business and what it requires.

The appropriate amount and types of selling effort to utilize vary from business to business and from owner to owner. Some
companies prosper with low-key sales efforts. Others, such as the used-car lots, thrive on competitive, hoop-la promotions. In any
event, the importance of successful selling can't be over-emphasized.

On the other hand, do not lose sight of your major objective - to Make a profit. Everyone can produce a large sales volume selling
dollar bills for ninety bucks. But that won't last long. Keep control of your own expenses, and price your merchandise carefully.

Record Keeping. 1 essential element of business management is the keeping of adequate records. Study after study shows that many
supervisor failures can be attributed to inadequate records or the owner's failure to use what information was accessible .
Without records, the businessperson can't see in advance that way the company is going. Up-to-date records may predict impending
disaster, forewarning one to take action to prevent it. While extra work must keep an adequate set of records, you will be more
than paid for the effort and cost.

If you are not prepared to maintain adequate records - or have someone Keep them - you shouldn't attempt to operate a small
business. At a minimum, records are needed to substantiate:

1. Your yields under taxation laws, including income tax and social Safety laws;

2. Your request for credit from equipment makers or a loan From a bank;

3. Your claims about the business, in case you wish to sell it.

But most important, you need them to run your business successfully And to raise your profits. Having an adequate. Yet easy,
bookkeeping system you may answer such questions as:

How much company I doing? What are my expenses? Which seem to be too large? What is my gross Profit margin? My net profit? How
much am I collecting in my charge enterprise? What is the state of my working capital? How much money do I have on hand? Just how
much in the bank? Just how much do I owe my Providers? What is my net worth? That is, What's the worth of my ownership of The
enterprise? What are the tendencies in my Receipts, expenses, gains, and net worth? Is my financial situation improving Or growing
worse? How can my assets compare with what I owe? What's the Percentage of return on my investment? How many cents from every
dollar of Sales are net gain? Answer these and other questions by planning and studying balance sheets and profit-and-loss
statements. To do this, it's Important to record information regarding transactions as they happen. Keep This data in a detailed
and orderly fashion and you'll have the ability to answer the above questions. You will also possess the answers to these other
vital questions About your company as: What services or products do my customers enjoy best? Next best? Not at all? Can I take the
merchandise most often asked? Am I Qualified to render the professional services they need most? Just how a Lot of my charge
Clients are slow payers? Shall I change to money only, or use a credit card Charge plan?

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