A guide for small business owners and entrepreneurs about how to proceed after securing capital. Created by the small business experts at Freedom Small Business Lending BIDCO, Inc.
2. You’ve built your business plan,
you’ve qualified for a loan,
now what?
3. Have you taken the time to really educate yourself about
business finances? [1]
Financial Statements Statement of Cash Flows
Profit & Loss Balance Sheet
Statement of Sharedholder’s Equity [1]
4. Are you prepared for handing incoming and outgoing finances? [2]
Decide on what types of payments your business
will accept, such as cash, checks, credit cards
and online payments.
If you have employees, set them up on a
payroll system. [3]
5. Are you ready to handle human resources?
• Get ready to hire your first employees
• Make sure you have all the proper forms in
place
• Workers’ rights: Know all laws and
regulations prior to hiring [4]
6. Are you insured?
Make sure that you have the proper
insurance coverage needed to protect
your business from unexpected costs. [5]
7. Are you prepared for emergencies?
Disaster and emergency planning can be
what keeps your company in business
following a disaster.
8. Is going green right for your business?
Grants and loans are available
for making your facilities greener.
There are also options for financing
environmental products and projects. [6]
9. Now you just need to get your business
in front of the people who actually want
what you’re selling!
10. What’s your marketing plan?
Figure out what works best for you:
events, print ads, radio ads, social media,
digital ads, email campaigns and television ads.
Be aware of advertising laws
and regulations [7]
11. Remember why you started
your business in the first place.
With capital, you’re one step
closer to making your dreams come true!
12. To find out more about getting your small business up and running,
contact Rob Dwyer of Freedom Small Business Lending
at (844) 508-8488.