7 Essential Start-up Steps

November 2009

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Success Story

Family Care Clinic of Panhandle

Image courtesy of the Panhandle Progress

Holly Jeffreys

The community of Panhandle, TX lost their clinic some time ago and city leaders communicated to the SBDC that re- opening their clinic was of the highest priority.

The SBDC then arranged for Holly, a Nurse Practitioner who had already been in contact with the SBDC about opening a clinic, to meet with Rob Roach, City Manager. The SBDC also assisted Holly with financial projections and preparing a presentation to the EDC board and city council.

The community and city leaders wholeheartedly supported the plan and Holly opened the Family Care Clinic of Panhandle on September 24th.

Phone:

(806) 532-CARE

Address:

421 Main St.

Panhandle, TX

Employees:

2 FT Employees
1 PT Employee

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Seminars

& Workshops

INTRODUCTION TO BUSINESS OWNERSHIP

This Workshop

Includes:

Develop a Business Concept

Determine a Marketing Strategy

Identify Business Operations

Discuss Legal Structures

@ WT SBDC

7th & Taylor

Happy State Bank

Nov 10 3:00-5:00pm

Nov 17 12:00-1:30pm

Attendance at one of these seminars is required in order to make an appointment at the SBDC so register today!

Cost is $10 per person. Call the number below for details or to register.

Call 806-372-5151 to RSVP

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WEBSITE

ROADMAP

CONTACT INFO

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Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author and do not necessarily reflect the views of the SBA. Co-op 9.603001.Z0048.24

A member of the
Northwest Texas SBDC Region Network

7 Essential Start-up Steps

by: Rich Mintzer

1. Do your market research: Just because you build it or sell it doesn't necessarily mean anyone will buy it. The first essential step is to research your potential market.

2. Show yourself the money: You can't start a business without capital. Determine what you have, what you will need and how you will go about getting it.

3. Hire a good business attorney: You don't necessarily need to have an attorney on a retainer, but you'll want to hire an attorney experienced with new businesses to help you get started.

4. Hire a good accountant: An accountant will work in conjunction with your attorney and be instrumental in determining the best form of ownership. He can also help you establish bookkeeping and other record keeping procedures

5. Decide on a business structure: Your choices include sole proprietorship, partnership, corporation, "S" corporation or limited liability company (LLC).

6. Decide on a business name: It may seem obvious and simple, but the name is how your business will be known to the world. The right name says a lot about your company.

7. Get all necessary licenses and permits: Along with a business license, you may need to get additional licenses depending on the type of business and local laws.

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