Source Map, Inc.

P.O. Box 460

Tracyton, WA 98393

(360) 479-8384

 

Information:

(360) 479-8384

 

North America Attractions Council

                     

          LEASE MY BUSINESS.comTM

Freedom to be Who you want, Where you want, When you want.TM

   

 

BUSINESS

OPPORTUNITY
OPTIONS

 

 

Tourism
l
Real Estate

l
Motorsports

l
Fishing/Hunting
l
Golf
l
Skiing
l
Education
l
Fundraising

l

Major Sports

l

Mobile / Stationary

l

Seasonal / Annual

l

Internet / Person-to-Person

l

$1,000/mo. to $100,000/yr. 

 

 

Interested to

learn more?

 
     Check out a few of our USA Projects:

ColoradoAdventureMap.com

 

WashingtonAdventure Map.net

 

QuimperAdventure.com

 

PTVictorianMap.com

 

BaseballStadiumsMap.com

 

SeattlesBestMap.com

 

TribalGold.com

 

PremierPropertyMaps.com

 

FishingRiverMaps.com

 

SourceMap.com

 

NAAttractionsCouncil.org

 

WorldImpressions.com

 

SeetheUSAwithPay.com

 

AttractionMaps.com

 

CashCowNews.com

 

SkiAdventureMap.com

 

BaseballStadiumsAdventure.com

 

HorseMap.com

 

RSVPEventMagazine.com

 

RacewaysMap.com

 

NewBusinessYellowPages.com

 

MyLegacyMaps.com

 

Lease My Business

Introduction to Freedom

The decision to start a new business and/or to enter into ANY business at all, is a MAJOR DECISION and should not be taken lightly.  If successful, your business can give tremendous satisfaction, financial reward and FREEDOM.

 

There are tens of thousands of possible business “opportunities” to choose from and several ways to enter into a business, such as:

                1. Ground-Level Start-up

                2. Buy an existing business

                3. Franchise

                4. Lease

How does one choose what kind of business to enter into and what business Entry Method is most appropriate?  The answers to these challenging questions may seem mind-numbing, but can be comparatively easy to answer if you follow the these prooven steps below:

 

 

                1.Construct a BUSINESS PHILOSOPHY: What kind of business is best for me? (see http://www.source-map.com)

                2. Construct BUSINESS MODEL: Construct a 5-6 sentence paragraph stating:

a. What is the product?

b. Who is going to buy it and Why?

c. What will it take (money,time,expertise,equipment)to go into business?

d. How much can I NET and who will be my competition?

e. How easily can I get out of the business (and retire my debt) when the time comes?

                3. Construct a BUSINESS PLAN OUTLINE: Briefly, construct an expanded explanation of your BUSINESS MODEL (above)

                4. Construct a BUSINESS PLAN: In detail explain: What is your business? How will your business be run on a day-to-day basis? What is the startup cost? What are your marketing plans? What are your P/L Pro-Forma projections?

                5. Select a BUSINESS ENTRY METHOD: What method is best for you to form your business?: Ground-Level Start-up, Buy an existing business, Franchise, or Lease.

NOTE: The order of completion of this list may vary depending on your circumstances and assets. But the importance of completing the list is a MUST!

 

Because the focus of this website is to introduce you to a NEW CONCEPT in business formation, BUSINESS LEASING, we will begin there.

Business Entry Method

Every Business Entry Method has a capitalization cost associated  with acquiring necessary assets. Different business formation types vary widely in their capitalization costs.  Additionally, business expertise is a major consideration for the first-time entrepreneur, but is NOT considered here.

 

The spreadsheet below compares four types of Business Entry Methods with  some approximate capitalization expenses commonly incurred.

  COMPARISON OF BUSINESS ENTRY METHOD EXPENSES

METHOD of START-UP è

Self Start

Buy

Franchise

Lease

EXPENSE ITEM

Intellectual Property

   20,000

 175,000

 175,000

  0-10,000

Computer Equipment

   10,000

           -

   10,000

          -

Software

   15,000

            -

   15,000

          -

Office Space

     2,500

   10,000

     2,500

           -

Office Help

   35,000

   35,000

   35,000

          -

Operating Capital (6 months)

   40,000

   40,000

   40,000

           -

Website Creation/Hosting

     5,000

     5,000

     5,000

          -

Corp. Image Documentation

     2,500

     2,500

     2,500

       200

Inventory (paper. ink, etc.)

     2,500

            -

     2,500

           -

Legal

     2,500

     2,500

     2,500

          -

Incorporation

     1,000

     1,000

     1,000

    1,000

Interest on Business Loan (6%)

     8,000

   16,000

   18,000

       600

 

 144,000

 287,000

 309,000

  11,800

Typical Profit Margin (Pre-Tax)

25%

25%

25%

60%

Net Pre-Tax Cash Earned

?

?

?

  18,000

                    Note: All figures are rough approximations and are supplied to show relative differences between Methods.

See a comparison sheet of business ownership: Own/Franchise  vs.  Lease  

Obviously, no one type of Business Entry Method is right for everyone.

 

 Some questions to ask yourself to help determine which Method may be best for you are as follows:

   1. How much investment capital do I have?

   2. How much risk do I want to take?

   3. What training do I need and where will I get it? 

   4. How much interest debt can I carry?

   5. How long do I want to remain in business?

   6. What is my Business Exit Strategy?

   7. What will I do if I do not like my business and want an early out?

   8. What will I do if the economy does not favor my business?

   9. What will I do if I want/have to relocate my household to another state?

   19. If the economy weakens, will I be able to sell my company and retire my debt?

  11. Do I just want to sell and not have to worry about, ever-increasing overhead, uncertain economy, employees, cost of goods, ad composition, publishing, printing, website creation, inventory, debt, office space?

 

Before the introduction of BUSINESS LEASING, business owners did not have the option to avoid all of the above headaches associated with starting a business.

 

Resources:
l Business Startup??
l   A Business Philosophy
l   A Business Model
l  "Helping" nott"Selling"

8 Copyright 1986-2014 S. Robert Sherby

mail@source-map.com