Mastering Business Basics The Workbook

Small business is the backbone of our economy. They are a vital part of the Great American Dream. They are part of what makes the United States of America the envy of the world. Take them away and our institutions and large corporations would falter and many would die. This workbook has been written to help those who want to learn how to properly create the foundational structure of any business in the U.S. and the basic principles would probably work anywhere in the world. Every proper business foundation is made up of three pillars involving legal status, accounting procedures, and tax structures. They all work together to provide you with a framework that will allow you to protect your hard earned profits, protect your personal assets and give you the confidence to make the best decisions to build your business. By mastering this information, you will know at anytime if you are making a profit, if you are charging the right price for your product or service, or how much leeway you have to negotiate, if need be. And that will make a big difference in how people perceive your business. As the name implies, this workbook is also designed to help you organize your thoughts for the important points you may want to refer back to. You will find sections throughout the instructions to write notes for the decisions you will need to make. Don't just skip over these areas. It has been shown that writing things down in addition to reading them helps you retain the information better.