Category Archives: Small Business Tips
Warren Cooley, Managing Director
VEDC Entrepreneur Center
- Mandatory – You have got to keep some type of records.
- IRS does not require business records to be kept in any one (1) uniform fashion.
- Any format OK as long as it paints a true picture of income and expenses.
Every business needs a plan; preferably written and regularly updated.
There is no shortage of business plan templates available, each with a slightly different bent. My preferable business plan is to use one that is driven by data. Data is what is going to help your plan be understood and seen as viable by those who are most important to you at the early part of the process, namely bankers, investors and realtors. Read More