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Here’s the situation: a potential client asks you for a proposal for services or products in response to a Request for Proposal (RFP) or Request for Quote (RFQ), but where do you start? Before creating realistic financial projections, your accountant will want to know approximately how many seats you’re planning on having, what your average check will be, and approximately how many covers per day you plan to do. Being conservative in these estimations is key as these three data points will be used as the basis for figuring out whether your concept is financially feasible.

If you know your business, are familiar with and able to make financial projections, and have done the necessary research (for example, on how to price your products or services to meet your competition), you may be able to quickly (in one day) create a stripped-down version of a business plan.

Here’s the order …

You also needs to verify with your metropolis and state to search out out when you want a seller’s permit that authorizes your small business to collect sales tax out of your clients. A seller’s allow goes by quite a few names, together with resale allow, resell permit, allow license, reseller allow, resale ID, state tax ID number, reseller number, reseller license permit or certificate of authority. Some companies may require federal, state or local licenses and permits to function. The finest place to acquire a enterprise license is at your local city corridor. You can then use the SBA’s database to seek for licensing requirements by state and business kind. Marcus Anwar, co-founder of OhMy Canada, recommends smaller community banks because they are in tune with the native market situations and can work with you based on your general enterprise profile and character.

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