Your business plan will help you with:

A business plan is an element you can easily skip without affecting your business operations.

SWOT stands for:

Which of the below is NOT a “Step To Success”

What is NOT part of the business plan outline.

When writing your business plan, always begin with the executive summary.

You should review your business plan every:

The “description of service” section of your business plan is where you will put information about potential competition.

In your business plan, in what section would you describe who your market is?

In what section of your business plan would you show how you plan to reach your potential clients?

The most common business structure for a Personal Chef Service is a partnership.

What should you ask yourself when considering how to structure your business?

What is NOT an advantage of a sole proprietorship.

Taxes for a sole proprietorship business generally involves any local sales tax or use tax, self employment tax and personal income tax.

LLC stands for:

You may NOT co-mingle of personal and business funds if you operate as an LLC.

The only licensing generally required is a business license or registration from the municipality where your business is located.

A business license is very easy to obtain as long as you specify on your home-based business license application the following:

DBA or dba is a common abbreviation for “doing business as”.

In most states, a Personal Chef Service is not regulated as long as all of the meals prepared for your clients are cooked in the client’s home.

Liability insurance will pay your lost wages if you become injured while performing a Personal Chef Service.

The two primary areas of coverage from a liability insurance policy are property damage and bodily injury.

Being “bonded” is virtually a must for a personal chef.

An efficient system of record keeping can help you:

By definition, “accounting” is the system or occupation of setting up, maintaining and auditing the books of a firm, and analyzing its financial status and operating results.

By definition, “bookkeeping” is the system or occupation of setting up, maintaining and auditing the books of a firm, and analyzing its financial status and operating results.

Accounts receivable is:

What type accounting system is recommended for a Personal Chef Service?

Your Profit & Loss Statement includes:

The purpose of being bonded is to bond an employee to an employer and pay the claim for any theft damages only upon conviction for the actual theft.