Learn How to “Get Your Business Off the Right Way” at this FREE Seminar in November 2014

pplDo you have a new business or looking to start one and want to learn some best practices to get your company off the ground? Attend this upcoming free seminar on 11/5 presented by SCORE counselor, Joe Wasilewski and learn how to get your business plan together, tax and accounting advice, and so much more!

Attending this seminar, you will learn:

  • Business Formation Process in NJ; LLC vs Partnership vs Corporation
  • Accounting and Tax Issues for the Start Up Business
  • Business Plan Preparation and Steps

Join us on Wednesday, November 5th at 6pm for our free “Get Your Business Off the Right Way” Seminar presented by CPA, Joe Wasilewski, of the SCORE Association. The seminar will be held at First Financial’s Corporate Office located at 1800, Rt. 34 North, Building 3, Suite 302, Wall, NJ. Space is limited – register below.

Register Now!

The SCORE Association is a national nonprofit organization with a public service mission to maximize the success of America’s existing and emerging small businesses. SCORE’s 10,500 members provide client counseling and training through a network of 389 chapters, 800 branches, and a national as well as individual chapter Web sites. SCORE has been a resource partner with the Small Business Administration (SBA) since 1964. Their volunteer members, who are both retired, or actively engaged in their business or profession, have many years of experience to bring to bear on helping to create stronger more profitable businesses.

Down to Business: What to Consider When Writing a Business Plan

DowntoBizMattMegan

Remember writing term papers in high school or college? You had to prove a point using evidence provided by your research of the topic. In many ways, a business plan is proving the following thesis: “I can successfully operate a sustainable business.” So what research do you need to prove this idea?

  • Market Research – Who are your competitors in the area? What are their prices for comparable services? How will you differentiate your product/service from theirs?
  • Financials – Create realistic projections for the money you will make and lose over the next 3 years. Explain how you came up with these figures, and how they will figure in to the growth of your company. Also include the amount of money you, your partners, and your investors (if applicable) are contributing to the start up.
  • Biographies – Who’s who in the organization? What skills, experience, and talent does each of the business owners/partners bring to the proverbial table? Understand how each person will make the business successful.
    • What are the duties of each person employed by the company?
    • Each person should provide a personal financial statement
    • How will matters be resolved if the partners cannot agree on an issue?
  • Marketing Plan – How will your potential patrons know about your business? How much of your budget is devoted to marketing? Depending on the type of business, will you do traditional advertising, or organic word of mouth marketing?
  • The Company Itself – What product or service are you providing, and how will you be doing this? How did you originally get involved in the industry? What makes this industry a worthwhile use of your time, energy, and money?

These are only a few of the aspects to consider when creating a business plan. You can find many seminars on how to write a business plan for little to no cost at local libraries, local community colleges – particularly Brookdale Community College, and of course at First Financial Federal Credit Union. Formal templates can be found at www.SBA.gov or www.SCORE.org. Use these questions provided, along with one of their templates, to prove your thesis – you can, in fact, operate a successful business…once you have the right plan!

For more information about any of First Financial’s business accounts and services, you can contact Business Development Manager, Matthew Brazinski, at 732.312.1421 or Business Development Officer, Megan Shull, at 732.312.1426 or simply leave a comment below! 

“Part 1: Create a Plan to Start Your Dream Business” Seminar Summary

DSCN0267Jack Gottlieb, President of the Total Solutions Group, Inc., recently held an interactive and inspirational business seminar to help attendees put their business ideas on paper and start thinking about the long-term goals they have not only for their businesses, but for themselves. Jack explained that there is more to planning a business than just your business proposal, and it starts with you – what you want to accomplish as an entrepreneur and how you can stand out from other business owners.

Check out some of the important information that was covered during part one of this series:

  • One of the first questions you should ask yourself is – “What is your business reallyabout?” If you don’t know, think about it then write it down – you will constantly refer back to this.
  • The core of a business: purpose and value, what need is being resolved and what value is your business offering?

  • Your ultimate goal: Getting your business to work for you and not you working for your business.

  • Establish the product(s) that you want to offer and what will it do. Figure out what your key products are.
  • Establish the service you want to provide — how you support it and ensure it.
  • Establish the type of experience you want for your customers — how you deliver it and how they use it. Everything is an experience. Build your community around your business.DSCN0269
  • Establish your community – the connection, pride and referrability is imperative to your business. In the long run, you want to have your company grow, impact people and expand.
  • Create a real passion – see it, feel it and live it.
  • If you’re spending money that isn’t helping your business grow, you must re-evaluate your spending patterns.
  • The 3 cornerstones of having a successful business are: want vs. need, value you offer and making a profit.
  • Jack recommended this book for all entrepreneurs: “Rich Dad, Poor Dad” by Robert Kiyosaki.
  • Another question to ask yourself: How does your business attract money, and how are you spending the money coming in?
  • An effective business plan: The way you think, should be the same way you plan, build, and communicate your business.
  • For inspiration, research successful companies such as Disney, Microsoft and Apple and see how they got started.

Click on the image below to see a highlight video from this seminar!

Business Series Part One

Don’t miss out on part-two of this “Building Your Business Dreams” seminar series! “Business Financial Planning and Budgeting” will be held this Thursday, February 13th from 8:30am-10:30am at our Wall Office located at 1800 Route 34 North, Building 3 Suite 302. Time is running out – register here!

Jack Gottlieb is the President of The Total Solutions Group, Inc. a strategic consulting, training and coaching firm committed to driving a sustainable increase to an organization’s results, value proposition and culture. Jack brings 14 years of proven high level success along with the collective capability of his team and advisory board. Jack has also been one of the highest ranked speakers at various state wide SHRM (Society of Human Resource Managers) Annual Conferences as well as the New Jersey Organizational Development Annual Conferences for the past 7 years. Jack also serves on the Executive Board Collegiate Empowerment which is an educational firm committed to driving systemic change and impact for Colleges and Universities. Jack also is actively involved with two universities. The first is Kutztown University where he is one of the key leaders of the College of Business Advisory Board to support their efforts in further development and expansion. The second is with Rider University with their Center for the Development of Leadership Skills.

Learn to Create a Plan to Start Your Dream Business in this Two-Part Seminar Series in January 2014

business-plan-chartAs a business owner it is important to understand that despite the explosion of technology, offerings and competition in the marketplace, you still need to be able to set yourself apart. You get so busy working in trying to have a successful business that you don’t spend enough time planning and building a business that is built off of your passion, core need in the marketplace and true value that your customers need. As a result of that, your business is never on solid ground and performance is not optimized.

In this “Part One – Creating a Plan to Start Your Dream Business” workshop, you will not be lectured at, you will fully immerse in a proven approach that has been leveraged by organizations that are the at the top of their industry to those that are just starting out. You will learn the process and gain the confidence you need to have a sustainable and profitable business that fulfills your dreams, while also creating the value your customers really want.

Join us on Thursday, January 23rd at 8:30am for networking and a light breakfast followed by part one of this two-part interactive business series, “Building Your Business Dreams” presented by Jack Gottlieb, President of the Total Solutions Group. The seminar will be held at First Financial’s Corporate Office located at 1800, Rt. 34 North, Building 3, Suite 302, Wall, NJ. Space is limited – register below.

Register Now!Jack Gottlieb is the President of The Total Solutions Group, Inc. a strategic consulting, training and coaching firm committed to driving a sustainable increase to an organization’s results, value proposition and culture. Jack brings 14 years of proven high level success along with the collective capability of his team and advisory board. Jack has also been one of the highest ranked speakers at various state wide SHRM (Society of Human Resource Managers) Annual Conferences as well as the New Jersey Organizational Development Annual Conferences for the past 7 years. Jack also serves on the Executive Board Collegiate Empowerment which is an educational firm committed to driving systemic change and impact for Colleges and Universities. Jack also is actively involved with two universities. The first is Kutztown University where he is one of the key leaders of the College of Business Advisory Board to support their efforts in further development and expansion. The second is with Rider University with their Center for the Development of Leadership Skills.

*Please note that this seminar is free of charge for First Financial members to attend. The seminar is open to non-members of the credit union to register and attend, however a $15 fee payable by check or cash will be collected at the seminar and credit union membership will be confirmed for all in attendance at the seminar. Should a non-member wish to become a First Financial member after attending the seminar, $5 will fund their membership deposit and be kept in their base savings account upon membership opening, and the other $10 will go to the First Financial Foundation for scholarships and classroom grants.