Business Startup CPA in Loveland, Colorado
Northern Colorado is one of the best places in the country to start a small business. The Front Range is thriving with economic activity and on top of that, it is such a great place to live and do business. That said, even though Northern Colorado is so great, starting a business can be a scary process. Never worry, Grey CPA is here to help. With a full suite of financial planning and business accounting services, you business will be set up the right way from the start.
As a professional accountant in Loveland, we’ve had the pleasure to work with many businesses in Northern Colorado. One of the first questions that these prospective business owners ask themselves is “where do I begin?”
At Grey CPA, we are available to help you with all of your business start-up and sustainability needs from conception to execution. This includes all of the following:
- Creating a Business Plan
- Tax Entity Formation
- Grants and Funding
- Growth Strategies
- Financial Planning
- Bookkeeping and Records
Contact our Loveland CPA office today for a FREE consultation on your business idea, and we can get the ball moving on your way to your dream!
Why Start-Ups Fail
Starting a business is an exciting adventure, but it’s also very risky if you don’t know what you’re getting into. Most startup businesses and business owners fail the first time around, and the primary reason is being unprepared.
The goal of a CPA in your start-up process is to help you develop a solid business plan that creates sustainable growth for the future while being fiscally responsible. Many business owners go into business with no plan or strategy for growth, and either fail with the company, or get stuck in a pattern of non-growth. Here are a couple of the reasons start-ups tend to struggle:
- Wild Projections: Many business owners project wild profits right off the bat, and spend during their business setup accordingly. It’s much more prudent to set lower expectations, and be pleasantly surprised by exceeding these expectations.
- Over-Analyzing: If a business owner focuses too much on the details of the business, they tend to have a narrow view when it comes to the big picture. This often results in poor (or no) financial planning for the future.
- Hasty Expansion: Growth is good, but growing too fast can bring a business down. Growth is all about managing expectations, and being intelligent with which areas to grow in. Financial planning and reporting can help guide these decisions.
Running a Sustainable Business
The goal of a business is to develop a long term plan that will not only grow the business, but grow the time you get to spend away from the business and with your family or friends.
At Grey CPA, we focus on creating a business plan for start-ups that is realistic and sustainable, so you can see success. It’s not enough to just start a business. You want your business to grow and thrive, and we are there every step of the way.
If you are starting a business in Northern Colorado, give Grey CPA a call. We can help with all of your business start-up and planning questions.
