Having a business is a big deal in life especially this time of economic downtrend when there are mass lay-offs and what is left in you is the cash paid by your company. You want to put this in business. But what are the important things to consider when starting a new business?

Having a business plan is the most important thing you should do first when starting a business. It is a proper statement of your business objectives, reasons why you believe they are attainable, and the plans to make those in actions. The statement may also include information on the group or organization who is also trying to reach the same goals. From there, you will have ideas on what to improve, change, or not to do.

Oleksiy Nesterenko suggests that before having the full business plan, you must first know what type of organization you are into. Is it a for-profit organization or the non-profit one? If you are into for-profit, then your plans will basically focus on creating profit or wealth. While the non-profit organization focuses more on their mission which become a root for their legislative status.

You must consider the changes in trends, brands, clients, community population, what's in and useful before entering into a business startup or what we call the marketing plan.

Carefully planning on finance, management, human resource, property, operations, supplies management, and marketing is the major content of a business plan. Having a professional Human Resource staff that will help you evaluate and choose the right people for different positions. Unless you are a good profiler and can do the job aside from the many tasks that must be done. You must also have support group or services for consulting, training, mentoring, and even written resources. You must also have predictions of cash flow, which are the expenses and income and performance in the future. Predicting the income from the very beginning is a very important task because your business duration and expansion will depend on the monthly or annual financial return. Having a professional financial consultant is a must unless you are very familiar with spreadsheets, balance, and figures.

Having your financial plan is also one of the most important parts of the statement. Always have your figures exceeded than the expected ones because there are always extra or miscellaneous expenses on the way and prices are always unpredictable. Always multiply your expected expenses three times to get a realistic spending quotation. Do not let your budget in a marginal pace. Also make sure you really have it, if not, you can use different method to have instant capital. This can be from the ventures of investors who believe in your plan. You may also apply for a loan in a bank for additional capital. Proper planning is very important before doing any of this to avoid any losses and mistakes.

When all these are done, marketing your products is the next priority. Producing samples for testing and modification, choosing the best advertising method and finalizing market price are things to be considered.

Allow Oleksiy Nesterenko Startup Consulting to hold your hand as you enter into this new world of success and achievement. Allow us to advise you and to assist you every step of the way. We'll get you up on your feet and operating in the most effective way, as soon as possible. Oleksiy Nesterenko Startup Finance and Consulting Services is qualified and equipped to assess your business and all of its needs before you have to make any important decisions.

Our Specialties: Startups, financial reporting, financial planning and analysis, business plan development, business valuation and analysis, capital raising, corporate development, M&A, acquisition tactics and strategy, and emerging markets expertise.