Venture Concepts Paper
Small businesses make up the majority of businesses in America today. Starting a business takes lots of careful planning. There are many things to take into consideration when starting a business. These things could include startup cost, equipment that may be needed, number of employees and many other things. A conceptual small business startup business that I would like to plan, develop and operate is a mobile notary signing agency. A notary signing agent is someone that is not only a notary public, but also is licensed and bonded to sign for real estate documents and other legal documents that regular notaries are not able to do.
The startup costs for this type of business are very low, because this type of business can bet set up in a home office. First of all, I would need to first get a notary license for the State of Arizona as well as get bonded. After the notary certification has been received then the notary must take a class and pass the test to become a notary signing agent. Once this is done, the notary must become bonded at a higher amount than just a notary also they are required to purchase E & O (Errors and Omissions) insurance for themselves. Once all this is completed I am ready to start the set-up of the business.
Since this is going to start off has a home based business a small office space is needed. Also, because this is a home business the only employee will be myself and most likely an outside accountant to handle the financial aspects of the business. A computer, printer, copier, scanner and fax machine is needed. Also, because technology is every changing internet connection and a separate phone line will be needed for the business. This is also going to be a mobile service, meaning if the customers cannot come to me, I will go to them when needed. So the vehicle I drive must be reliable. Since the vehicle will be used for business purposes, I will also need to get decals on my...