Business Tax, Collections And Moves In THE NEWS HEADLINES
14 million for cigarette and beer retailers who were decided to be underreporting sales of beverage and tobacco. This program follows on the heals of legislation that was handed in 2013 to allow the Department to gain access to information from cigarette and beverage wholesalers. Taxpayers in these businesses should become aware of the Department’s work and review current sales taxes filing positions to ensure that they are in compliance. Information regarding the Program are available on the Department’s website. Other items in the tax news include taxes series, Larry Hyatt’s CPA company merging with Decosimo, and the hotel/motel taxes in Maury County.
Now many people make an online search and cellular devices as their stations. Even if you have a physical channel set up, you’re most still going to have a web existence likely. You need to decide which outlet or outlets are best so that you can get your product to the customer. Your customer relationships will be the fourth piece in your business model canvas. This section is about how you get your visitors, how you retain your customers, and how you grow your customer.
The channel you choose to deliver your product will also help determine your customer associations. A physical store will acquire its customers differently than an online store. Your income streams are how you will actually make your money from your value proposition. What value is your customer spending money on and how are you going to capture that value?
Depending on your business it could be a direct sales model, a freemium model, a subscription model, or a licensing model. Again, the model you choose depends on your business, and your business could use multiple income models. Your revenue channels aren’t about the real prices of your product, it’s just your way of capturing income.
- Replace wordy standard claims with concise ones
- A go with or pleasantry
- Always change ideas into actions
- Financing leasehold improvements
- Meals or meal money provided to employees that allow them to work overtime when necessary
The next portion of your business model canvas deals with is your resources. This is what you need to market your product, the resources that are required for you to be successful. The main resource for many new companies is funding. Do you have enough cash readily available to fund your business? How about funding or a credit line?
There are also physical needs such as a store, manufacturing facility, or delivery trucks. You might need intellectual properties as customer and patents lists. You might need a good also, strong workforce of salesmen, manufacturers and programmers. Your key partners are the people and companies who will help you increase your business.
There are some things you aren’t going to be able to do plus some you merely won’t wish to accomplish on your own, so you’ll want to partner with individuals who can do them for you. Two of the most common partnerships are buyers and suppliers. The two main questions you need to consider before forming a partnership is what you’re going to get from them and what activities they will perform.
If you have a one man startup, your partnerships will likely be unique of the partnerships a more substantial company has. In your first year you might choose to do everything yourself just to save money. As your business grows, you will be able to purchase partnerships that can help you save time and help grow profits.
Your key activities are the most important things your business should do to make your business model work. If you’re in the production business you’ll be making products. Maybe you’re a expert and you’re in the business of resolving problems. You might maintain sales and be responsible for getting people to buy various products. Whatever it is that your business does, your key activities are what you need to become an expert set for your business to reach your goals. Your cost structure is what it’s going to cost you to keep the business running. You have to think beyond the obvious costs like your payroll, rent, and materials and make certain you are including everything.
You need to find out what the most crucial costs are, what your priciest resources are, and how much your activities and partnerships cost. Then you should ask the typical accounting questions like what your fixed and variable costs are, and any economies of scale. Anything that is going to set you back money to keep your business operational needs to be included here.