Checklist
Week 1 · Foundation
- Business bank account opened and used for every business dollar
- Business registered; EIN on file
- Same name, address and phone everywhere
- Personal credit report reviewed
Week 2 · Numbers
- Profit and loss statement for the last 12 months
- Balance sheet
- Last 3 to 6 months of bank statements
- Simple cash-flow forecast for the next 12 months
Week 3 · Documents
- Business and personal tax returns (often 2 years)
- Licenses, registrations and key contracts
- Ownership information for each owner
- List of current debts and payments
Week 4 · Story
- How much you need and exactly what it is for
- How the money grows the business
- How and when you will repay
- A two-minute explanation you have practiced out loud
Education, not financial or legal advice. © The Business of You · Yolanda Butler