Managing the many aspects of a business can seem daunting, or even overwhelming, and that’s where the WV SBDC can help. We can help you identify key problems in your business so you can grow towards your vision and develop the necessary skills to transform your ideas into the best business possible.
Completing your business plan is the first step on the pathway of success and is an essential tool for growing your business. Business coaches will help you refine and illustrate your vision whether you’re just starting out or you’re ready for expansion.
Managing Money and Efficient Record-keeping
To run a successful business, it is crucial to understand the ins-and-outs of efficient recordkeeping and documents management. When you keep a structured recordkeeping system in place, it will be easy for you to track your financial performance and set up a good foundation for your accounting system. Working with the WV SBDC will help you stay on track and identify your business expenses, understand the best ways to separate business and personal expenses, evaluate your financials, and more.
Business Taxes and Accounting
Getting to know the structure of your business and its effects on your taxes is crucial to your success. Failure to report your taxes could result in fines or even the closure of your business. The WV SBDC can talk you through paying your local, state, federal, and unemployment taxes, and can help you identify healthy practices for financial management.