Author Description

Entrepreneurs are the new pioneers of the 21st century. However, starting a business has become much more challenging in the past few years. To be successful you will need a good attorney, a few MBAs, a CPA, and a lot of money. If these resources are not readily available, you may want to read this book. Just having a great idea, drive, and enthusiasm is not enough. Before you get started setting up your business enterprise, you will need to have a working knowledge of business law, and business science. Contracting is at the heart of doing business. You can learn the same basics of contract law as law students are taught, and have a working knowledge enough to structure and analyze contracts, You will also need to learn about business structuring to assist in developing your business plan. You will also need to learn about business administration, strategic management, and finance. There are countless ways to structure a business entity. Understanding the pros and cons of different business structures is essential so you may pick and choose which methods will fulfill your structuring needs. Unless you’re rolling in cash, you will need to have a working knowledge of business finance. Lenders will seldom provide funding unless the recipient is knowledgeable in business finance. One can demonstrate their prowess by presenting a complete business plan that includes all of the anticipated financing needs, as well as the various stages of finance. Your business plan is going to change as you progress, but it’s a structure to start with. Every business plan needs to lay out the who, what, where, why, and how. It needs to anticipate the roles of all the players, profit margins vs cost analysis, and tax structuring. If you are not an MBA, JD, this book will help you through the fog. Knowledge is power. The more you know, the more you can do.