Write The Vision Consulting LLC

12/27/2023

ATTENTION BUSINESS OWNERS earning less than $5M income!!

Here’s what you need to know:

There’s a new law that requires business owners to file a Beneficial Ownership Information (BOI) Report with the government, disclosing info about who owns and controls your company. This law applies to nearly every LLC, corporation, and limited partnership in the U.S.

If you don’t file the report on time, you could be hit with penalties up to $10,000 and/or 2 years in jail!

https://www.adamsandreese.com/news-knowledge/buckley-fincen-publishes-cta-requirements-compliance-guide

https://fincen.gov/

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) took another major step in support of U.S. Government efforts to crack down on illicit finance and enhance corporate transparency by issuing a final rule that establishes the framework for acces...

03/06/2023

Most grant funding opportunities are for organizations, not individuals. Most individual grants are scholarships and fellowships for education (ie. Pell Grant).

The federal government does not offer grants or “free money” to individuals to start a business or cover personal expenses. Federal funding opportunities are for organizations and entities supporting the development and management of government-funded programs and projects.

Call us at 224-357-6989 more information.

12/29/2022

HURRY HURRY HURRY to meet your deadlines!!!

Don't leave money on the table.

Don't leave any money on the table! Finish the year strong!

Hurry to apply!

1. Read instructions carefully!

2. Make sure your mission matches the funding organization's mission.

3. Provide what the funder is asking.

4. WIN THE GRANT!!!

Write your 2023 vision NOW!!

Write The Vision Consulting LLC

12/29/2022

15 Reasons You Need A Business Plan

Reasons 7-1

Why do you want a business plan? You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don't know about. So, just for a change, let's take a look at the less obvious reasons first and finish with the ones you probably already know about. Think of this as a late-show top 10, with us building up to the most important reasons you need a business plan.

7. Deal with professionals. Share selected highlights or your plans with your attorneys and accountants, and, if this is relevant to you, consultants.

6. Sell your business. Usually the business plan is a very important part of selling the business. Help buyers understand what you have, what it's worth and why they want it.

5. Valuation of the business for formal transactions related to divorce, inheritance, estate planning and tax issues. Valuation is the term for establishing how much your business is worth. Usually that takes a business plan, as well as a professional with experience. The plan tells the valuation expert what your business is doing, when, why and how much that will cost and how much it will produce.

4. Create a new business. Use a plan to establish the right steps to starting a new business, including what you need to do, what resources will be required, and what you expect to happen.

3. Seek investment for a business, whether it's a startup or not. Investors need to see a business plan before they decide whether or not to invest. They'll expect the plan to cover all the main points.

2. Back up a business loan application. Like investors, lenders want to see the plan and will expect the plan to cover the main points.

1. Grow your existing business. Establish strategy and allocate resources according to strategic priority.

Call 22HELPMYVZN (224-357-6989) to help you with your business needs.

12/21/2022

Don't leave any money on the table! Finish the year strong!

Hurry to apply!

1. Read instructions carefully!

2. Make sure your mission matches the funding organization's mission.

3. Provide what the funder is asking.

4. WIN THE GRANT!!!

Write your 2023 vision NOW!!

Write The Vision Consulting LLC

12/21/2022

15 Reasons You Need A Business Plan

Why do you want a business plan? You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don't know about. So, just for a change, let's take a look at the less obvious reasons first and finish with the ones you probably already know about. Think of this as a late-show top 10, with us building up to the most important reasons you need a business plan.

11. Hire new people. This is another new obligation (a fixed cost) that increases your risk. How will new people help your business grow and prosper? What exactly are they supposed to be doing? The rationale for hiring should be in your business plan.

10. Decide whether you need new assets, how many, and whether to buy or lease them. Use your business plan to help decide what's going to happen in the long term, which should be an important input to the classic make vs. buy. How long will this important purchase last in your plan?

9. Share and explain business objectives with your management team, employees and new hires. Make selected portions of your business plan part of your new employee training.

8. Develop new business alliances. Use your plan to set targets for new alliances, and selected portions of your plan to communicate with those alliances.

Call 22HELPMYVZN (224-357-6989) to help you with your business needs.

12/19/2022

15 Reasons You Need A Business Plan

Why do you want a business plan?

You already know the obvious reasons, but there are so many other good reasons to create a business plan that many business owners don't know about. So, just for a change, let's take a look at the less obvious reasons first and finish with the ones you probably already know about. Think of this as a late-show top 10, with us building up to the most important reasons you need a business plan.

15. Set specific objectives for managers. Good management requires setting specific objectives and then tracking and following up. I'm surprised how many existing businesses manage without a plan. How do they establish what's supposed to happen? In truth, you're really just taking a short cut and planning in your head--and good for you if you can do it--but as your business grows you want to organize and plan better, and communicate the priorities better. Be strategic. Develop a plan; don't just wing it.

14. Share your strategy, priorities and specific action points with your spouse, partner or significant other. Your business life goes by so quickly: a rush of answering phone calls, putting out fires, etc. Don't the other people in your business life need to know what's supposed to be happening? Don't you want them to know?

13. Deal with displacement. Displacement is probably by far the most important practical business concept you've never heard of. It goes like this: "Whatever you do is something else you don't do." Displacement lives at the heart of all small-business strategy. At least most people have never heard of it.

12. Decide whether or not to rent new space. Rent is a new obligation, usually a fixed cost. Do your growth prospects and plans justify taking on this increased fixed cost? Shouldn't that be in your business plan?

01/22/2018

CATCH your dreams and STOP chasing your fears. Write your vision today!

Need help? Call 224-357-6989.

06/17/2017

5 Things You Should Never EXPECT From Experts Or Successful Entrepreneurs








5. Don't expect favors.

Please don’t ask an expert to do something that is outside the scope of your relationship, especially when the expert’s reputation is on the line. If you know the other person well, it’s easier to do a bigger ask, but if you don’t know the person at all, you should try to invest in the relationship first before you make a big ask. You ostensibly wouldn’t go up to a person at a networking event and ask them to borrow their condo in Hawaii after 10 minutes of conversation. The same litmus test should be used online.

And finally, be straightforward. Please don’t try to trick the expert into thinking that you are a big fan when you just stumbled across their website that day and really just want something from them. It’s very transparent.

Experts are willing to help others -- in fact, they often spend a lot of unappreciated and unnoticed time doing so. But, stop making it an expectation that because someone has something that could help you, whether it’s knowledge, connections or otherwise, that you are entitled to it without giving them something in return or just genuinely investing in a relationship.

06/16/2017

5 Things You Should Never EXPECT From Experts Or Successful Entrepreneurs






4. Don't expect others to risk their brands for you.

When a company or individual has built a brand, they need to protect it. So, asking someone to endorse a book they have never read or a product that they have never tried is naïve at best and generally offensive. The same principle applies if you are a small and unproven company, brand or product line. While you believe it’s a boon for you to partner with a big firm to leverage off of their credibility, what’s in it for them? You have to figure out how can protect the downside for them -- and make it worth their while.