May 27, 2011

ANNOUNCER:

Starting your own business can be taxing on your mind, body and wallet.  May is small business month and whether you are looking to start-up your own new business or are a current small business owner, there are certain things that should be on your checklist for success.  Steve Rhodes, director of business banking at Huntington Bank, has your need-to-know set-up tips for a successful start-up.

STEVE RHODES:

 “Well anytime is a great time to start a business if you’re prepared.  Specifically, business owners should have meaningful and significant experience in the industry or the business they are actually starting.  There should be a well thought out, researched and documented business plan and the business needs to be well capitalized, balancing the owners investment and the debt and the owner should have outside income.  And lastly, the business owner needs to have a great quality team of advisors, a terrific accountant, an attorney and a banker.”

ANNOUNCER:

FOR MORE HELPFUL TIPS ON HOW TO BEST MANAGE YOUR NEW BUSINESS VISIT HUNTINGTON DOT COM.