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Our New Business Startup (NBS) service is a complete, turnkey program to launch a new business. It is designed to help individuals and entrepreneurs without established business assets begin a new business. You determine the type of business activity that you are interested in starting, we provide the tools and guidance to help you achieve success!
The program begins with starting the business as a separate legal entity from you, the owner, thereby minimizing your personal liability and taxation. The business is built by establishing positive financial credit in its own name, allowing optimal cash flow management to be balanced with growth through financing. With a strong business credit profile that is separate from the owner, a business is much more attractive to banks, lenders, and investors, and generally does not require personal guarantees by the owner to obtain credit. Manetco networks with some of the top credit-building specialists in the country to help build your business.
Each phase of the program is designed to aid the entrepreneur in a generally “mission critical” aspect of building the business, and can be customized based on individual needs. After completing each of the 15 phases outlined below, the business will usually have at least $10,000 in established credit lines to be used for operations. As the business continues to grow, additional credit is usually available on preferred terms.
PLEASE NOTE: The 15 phases listed below are designed for a new business that does not require a significant amount of cash to begin operations. If you need a large capital investment to launch your business, such as for equipment or a franchise, we may be able offer additional services that will help you acquire the necessary funding. |
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 Phase 0 |
| Initial Consultation. We begin with a telephone interview (or face to face meeting) to gain an understanding of your business concept and background. We will provide our recommendation for the appropriate business entity (corporation, LLC, partnership, etc) based on your business activity and individual income tax circumstances. We call this “Phase 0” because there is no charge to you for this initial consultation. If you decide to purchase the program, our services for all 15 subsequent phases are included in the program price. |
| Phase 1 |
| Form Legal Entity. We will begin the process of forming the legal structure for your business. Regardless of the entity type you choose, this is a critical phase. In order for your business to have its own credit identity, it must be a separate legal entity from the owner. Legally separating your business credit and financial activities from your own personal activities is of paramount importance to remember. The distinction becomes even more important should your business ever be named in lawsuit. A disgruntled customer or employee can only sue your business entity and its assets. As a business owner, your personal assets (home, car, financial assets, etc) are nearly always protected from a lawsuit or claim against your business (unless you have acted negligently). Each state varies, but expect an average of 6-12 weeks for your business entity to be created by your state. The sooner the business entity is formed, the more established your organization will look in the eyes of your creditors. |
| Phase 2 |
| Obtain Government Licenses, Permits, and Tax IDs. We will obtain standard government business licenses, registrations, and tax IDs (including EIN) required for your business. If your business is in a “regulated” industry (for example cosmetology, food service, construction, etc.) you may still need to complete additional licensing requirements, written examinations, site inspections, or financial bonding. |
| Phase 3 |
| Open Corporate Checking Account. We will locate a suitable bank for your particular business, and provide the proper documentation to establish a corporate checking account. We coordinate this process, you are naturally responsible for signing the bank’s paperwork. |
| Phase 4 |
| Telephone Presence. Projecting a professional image to your customers is vital to the success of your business. Depending on your needs, we will help obtain a business phone line, toll free number, professional studio voice greeting, answering service, and office telephone equipment. |
| Phase 5 |
| Corporate Logo Design. Like a professional telephone image, you need a “corporate identity” to convey to your customers. We include a custom designed logo in the BSP to help your business establish its own brand identity. The logo can be used for advertising, business cards, letterhead, your website, anywhere prospective customers see your company name! |
| Phase 6 |
| Business Plan. A well-constructed business plan is a key element in obtaining financing (and sometimes customers) for your new business. We will create an investor-ready business plan (up to 10 pages) detailing your company’s mission, objectives, target market, resources, and revenue projections. This is not a “canned” business plan from a software program. We write your plan based on our knowledge of your business and its demographics. |
| Phase 7 |
| Establish Business Credit File. Much like your personal credit is tracked by the “big 3” credit bureaus, business credit reports are essential to bankers and lenders in determining a company’s credit worthiness. We will start a credit file for your business with the country’s leading provider of business credit information reporting. |
| Phase 8 |
| Obtain Credit Line up to $1,000. Now that you have a business credit file, its time to start purchasing the items that your business needs on credit. We do not suggest random spending just to use credit. We do advocate converting the purchase of essential items into credit transactions. This should help you control and manage the amount of debt you incur (and not bankrupt your company before you even get it started!). Your first credit line will be for items you certainly need by now, business cards, letterhead, checks, and brochures. |
| Phase 9 |
| Obtain Merchant Account. If your business serves the general public, chances are you may want the ability to accept credit cards from your customers, thus increasing sales transactions. While new businesses sometimes face a barrier in acquiring merchant accounts due to limited credit history, Manetco is adept in obtaining approvals for new business merchant accounts. |
| Phase 10 |
| Second Credit Line up to $1,000. A second credit line for office related purchases such as supplies, desks, furniture, fax machine, etc. |
| Phase 11 |
| Build Company Website. In today’s business environment it is hard to deny the need for a company website. Websites have become a medium almost as standard as the telephone in providing information to customers. We will build a 4 to 5 page corporate presence website for your company. This site will be designed to convey information about your company and its products, giving you a legitimate “presence” on the internet. It will not include transaction processing for credit cards. However, if you need online credit card capabilities, we have additional solutions to meet most any business need. |
| Phase 12 |
| Third Credit Line up to $1,000. We will obtain another credit line for general purpose supplies and purchases. A third line usually really helps a company’s overall credit standing, demonstrating stability and credit-worthiness to other potential creditors. |
| Phase 13 |
| Brand Name Cell Phones. If you do not yet have a cell phone, we will obtain at least 1 new service line for your business. If you already have service, we will work with your service provider to convert the financial responsibility from your personal name to that of your company. |
| Phase 14 |
| Credit Terms Negotiation with up to 3 Suppliers. Now its time to really start leveraging the business credit your company has established and request credit terms from key suppliers, vendors, and service providers. We will work with up to 3 of your existing “cash based” suppliers to establish credit terms. |
| Phase 15 |
| New Computer Financing, up to $3,000. By now your business has out-grown that old Pentium II you got for Christmas 5 years ago and its time to “upgrade” into something from this century. We will obtain financing for new computer equipment. Depending on your needs and credit history to date, equipment purchased will range from a basic, no-nonsense desktop to a state-of-the-art notebook from Dell, HP or IBM. All equipment will be brand new with warranties. |
| BONUS |
| Grants and Foundation List. Since “15” is a nice number to end on, we call the last phase of NBS a “BONUS”. We will provide you with a list of grants and foundations that may be able to offer you additional funding. Unlike credit and loans, grants do not ever need to be re-paid. They are essentially “free” money provided by private sector and government programs to help small businesses grow and prosper. |
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| BSP Pricing: The NBS is designed with flexible pricing options. For fastest service in building your business the program can be paid in full up front, or it can be completed on a “pay as you go” basis. Call us, we have pricing plans that will fit most any monthly budget, all without interest, finance charges, or extra fees! The complete program for all phases is $1500 plus applicable government filing fees for your state. |
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