MINDS4BIZ INCORPORATION

1. What is an entrepreneur?

2. What is the difference between an entrepreneur and a successful businessperson?

3. Why does a business-minded person need to find, join, and then associate with a business support person, group, or team or seek the assistance of business professionals? Please explain.

4. Why should an entrepreneur seek the emotional support, financial support, business expertise, wisdom, knowledge, and counsel offered by a business-minded family member? Please explain.

5. Do you have a business plan? Do you know how to fill out a business plan? Why is it so crucial for you to fill out a business plan before you start your new business venture?

6. How can a Business Plan Writer and Grant Writer help your business startup efforts?

7. Have you developed a feasible business idea, concept, niche, or strategy to set your products and services apart from your competitors? Please explain.

8. What is your business idea or concept for conducting business? Please explain.

9. Is there a current demand for your products and services? Why do you think so? Please explain.

10. Who are your competitors?

11. Is your selected industry saturated with companies offering the same products and services your new company will provide?

12. What documents do you need to open a commercial business account at the bank of your choice?

13. Does tax structure matter when organizing your business, and do your executive officers, “President, Vice President, Treasurer, and Secretary,” have anything to do with the documentation needed to secure a business checking account?

14. Your country? How do you legally organize a business in your country?

15. Do you need much money or good credit to start a business? Yes, no, or maybe, please explain.

16. What are the pros and cons of saving enough money to start your new business venture? Please explain.

17. Is it good or bad to risk your good credit rating on a new business venture? Please explain.

18. What are the procedures for establishing good business credit?

19. How can you get financial backing when starting or purchasing a business?

20. What are the pros and cons of financing your startup business utilizing bank loans, grants, the services provided by a grant writer, or getting startup money from an angel investor versus a venture capitalist group of investors?

21. Why would any startup business want financial assistance from an Angel Investor or a Venture Capitalist Group of Investors?

22. How and why would an entrepreneur want to attract the attention of an Angel Investor or a Venture Capitalist Group of Investors?

23. What business professionals do you think entrepreneurs need to network with when they are ready to start their new business venture, and why?

24. Why should an Entrepreneur develop a business relationship with an Accountant?

25. What business structure is best when organizing your business for tax reporting purposes?

26. Why would any business need the services provided by an Accountant?

27. What questions should you get answered by an Accountant?

28. What information does an accountant use to answer your questions and render professional advice, counsel, and suggestions?

29. What is forecasting, and why is it important?

30. Why should an Entrepreneur develop a business relationship with a Corporate Lawyer?

31. What questions should an entrepreneur ask a Business Lawyer when starting their company?

32. Why should a person demonstrate an interest in incorporating their company?

33. What do you know about accounting services and bookkeeping software?

34. Should you use accounting services or bookkeeping software to reduce startup expenses while organizing and recording your business’s financial affairs?

35. Excel spreadsheets or bookkeeping software—how will you keep track of your daily business operations expenses, receipts, invoices, accounts receivables and payables, payroll, and human resource duties?

36. Please define the word “outsourcing.”

37. Why should a startup outsource bookkeeping, payroll, and human resource duties?