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FAQ

 Head Start Business Plans
What's the difference between you and your competitors?
In most cases, we provide a more affordable plan than our competitors. We also focus more on service, seeking to understand our clients in order to produce a plan that meets their needs. We don't believe in template solutions.

How much do your plans and/or service cost?
Our most popular package is the Starter Package which is priced at $575. Depending on your requirements, one of our other plan packages may suit your needs.

Hourly services also are available. Our team of professional writers can focus on a specific need or section in your plan. The hourly rate is $75.

What services and types of business plans do you provide?
We produce business plans for our clients, ranging from start-ups to growth ventures to existing businesses. Our plans are specialized for different industries and uniquely produced for our clients. Our business plan production process is a 4-step process that is simple and straight to the point.

Does it matter where I'm located?
No, Head Start Business Plans is a nationwide business plan consulting firm. We can work with you over the phone and the Internet via email.

How long does it take to complete a plan?
The time to complete a plan depends on your specific needs. In general, plans take between 5-10 days to produce.

 Business Plans/Starting a Business
What do I need to succeed in a business?
There are three ingredients for success in small business:
- Sound management practices
- Industry experience
- Planning and organizational skills
Most people don't start a business with all of these skillsets. Assess your own experience and skills, honestly and critically. Then identify partners or key employees who have strengths that compensate your weaknesses.

How much profit can I expect?
The SBA and several trade associations in your industry provide estimates on new businesses. These estimates are referred to as "industry ratios" and are broken down by industry and business size. You can find these estimates at the SBA, industry trade associations, or your library.

 Financing
How much money do I need to get started?
You should plan on working with your accountant to have enough cash to cover: building and equipment needs, and one year of operating expenses including your salary and loan repayments.

What do I need to get a loan?
In general, the lender will ask three questions:
- How will you use the loan?
- How much do you need to borrow?
- How will you repay the loan?
When you apply for the loan, you must provide projected financial statements and a cohesive, clear business plan. Statements of your experience and management capabilities, as well as the expertise of other key personnel, will also be needed.

What should I know about accounting and bookkeeping?
We cannot stress the importance of keeping good records enough. Without records, you cannot see how well your business is doing and where it is going. At a minimum, you should maintain and keep records for:
- Your tax returns under Federal and State laws, including income tax and Social Security laws
- Your request for credit from vendors or a loan from a bank
- Your claims about the business if you plan to sell it

 Marketing/Branding
What is branding?
The American Marketing Association (AMA) defines a brand as a "name, term, sign, symbol or design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of other sellers." In other words, a brand is not just a logo or name. A brand represents your identity to a consumer. It is what the consumer believes you are. In today's competitive marketplace, branding and marketing are not about convincing your customers to pick you over your competitors, instead it is about connecting to your consumers such that they see you as the only choice.

What is marketing?
Marketing is your most important communication tool. The four components of a successful marketing campaign are known as the four Ps:
- Product: The service or good you sell.
- Price: The amount you charge for your product or service.
- Promotion: The ways you inform your market as to who, what and where you are.
- Provide: The sales channels used to deliver product to the consumer.
Marketing also includes consumer research. What do your customers want? How much are they willing to pay? What do they think? Your market research plays a major role in the success or failure of your business.

What is my market potential?
In general, first determine a customer profile (who) and the geographic size of the market (how many). Then estimate the number and strength of your competitors. Finally, estimate the share of business you forecast to make. This will give you the market potential specific to your business.



  Jun 29, 2017 12:07 AM