BUSINESS SHEPHERDING PROGRAM | SUPPORT FOR ENTREPRENEURS AND BUSINESSES
BUSINESS SHEPHERDING PROGRAM | SUPPORT FOR ENTREPRENEURS AND BUSINESSES
Did you carefully examine and explore your chosen business?
Are you a self-starter?
Do you have what it takes to own a business?
Reasons to start a business
Deciding what business to start
Creating a pre-business checklist
We'll help you collect and analyze data to evaluate your position in choosing and starting a business. We'll assist you in determining which business is the right business for you to develop.
Planning provides a path to follow and makes future goals obtainable. It is critical as it provides tools available in pursuit of raising money for a small business.
Do you know what are the common obstacles that hinder planning? They are:
• Lack of know-how.
• Fear of the unknown
• Inaccuracy
A business plan prepared by our experts will define your company's objectives and how it plans to fulfill its goals.
Marketing is a pivotal key to success. The time and effort invested in solid planning will produce results. Marketing strategies revolve around:
The understanding of the relationship between a company’s product, customers, and competition stands at the forefront of your trade.
Which form of business organization do you wish to operate under?
There are several options, each with its advantages and disadvantages. The most common are sole proprietorships, partnerships, corporations, and Limited Liability Companies (LLCs).
We can guide you in the process of making your decision and help you understand which option suits your needs the best.
All businesses operating in the State of New Jersey must register this with the State. We will help in the following areas:
OnPoin123 staff has expertise in the following:
A registered business that will be collecting sales tax, remitting use tax, or exemption certificates, will receive a Certificate of Authority for Sales Tax by mail. The Certificate permits a business to collect sales tax and to use exemption certificates. It must be displayed prominently at the place of business.
Sole proprietors and partners must report the net income from their business quarterly. OnPoint experts will help you uanswer questions and assist you in the following areas:
The only “insurance” that state law requires most businesses to pay into is Workman’s Compensation. There is no cost to the workers in the form of salary deductions.
OnPoint123 will help you to connect with the right insurance agent to navigate a plethora of questions you may have about the following:
Wages and Working Conditions:
Family Leave Act
Industrial Site Recovery Act — ISRA
Record Keeping
All businesses operating in the State of New Jersey must register this with the State. We will help in the following areas:
OnPoin123 staff has expertise in the following:
Raising Money -
Types of Business Loans
How Much Money to Borrow
A surety bond is an instrument under which one party guarantees to another that a third party will perform a contract. Securing a surety bond is similar to obtaining a bank line of credit.
Types of Surety Bonds
Tips on Obtaining Bonding
How Do I Quality for Surety Bonds?
Increasing Bonding Capacity
SBA’s Surety Bond Guaranty Program
NJ Economic Development Authority offers a wide array of programs to assist businesses in expanding operations and creating jobs.
State Resources for Brownfields & Contaminated Site Reimbursement Program (BCSRP) provides financial incentives for businesses and developers to clean up and redevelop polluted sites.
Assistance for NJ Technology Companies via the NJ Commission on Science, Innovation, and Technology
Hazardous Discharge Site Remediation Fund (HDSRF) via NJ Department of Environmental Protection
Grants - There are three categories of grants: innocent party, innovative technology and limited restricted/unrestricted use. Eligibility for a grant is not contingent upon the inability to obtain funding or any hardship.
U.S. Small Business Administration Programs
is the largest source of long-term small business financing in the nation. The New Jersey District office ranks as one of the country’s top SBA lending offices.
OnPoint will match you with qualified experts in the financial field and help you to determine whether you qualify, or if an SBA business loan best suits your financing needs. We will guide you starting with the loan application, and your possible qualification for a special program. We will advise you on the documentation needed and answer any questions you may have.
Franchising is a form of licensing by which the owner of a product, service or method obtains distribution through affiliated dealers (the franchisees).
Before investing in a particular franchise system, carefully consider how much money will have to be invested, your ability and goals.
Procurement with the State - Those interested in becoming a vendor for the State of New Jersey should register on NJSTART.gov to obtain bid opportunity information.
In addition to State Certification, there are several State Departments that also require various types of Certification.
The Government Contracting Program of SBA ensures that small businesses receive their fair share of federal contracts.
Additional Procurement Recourses
The Office of Export Promotion works with NJ's small and mid-size companies in expanding their products and services through export.
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