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:

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 proven steps below:

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

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.

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.

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.

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

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.