DAYTON, OHIO (WDTN) – The “Great Resignation” led to a national small business boom. Eric Gagliano of River Valley Credit Union shared tips on how to start your own business.

Gagliano said whether or not the business needs a loan, it’s important to focus on financials. If you’re a start-up company, River Valley looks for 3 years of financial pro forma – a financial estimate or projection of what your company can expect to experience.

Consider these points:

  • Expected expenses (utilities, physical location, product development or production, etc)
  • Anticipated Revenue
  • Product pricing
  • How you will be paid?
  • What are your company’s financial goals?
  • The more detailed the better – get estimates where possible.

*This segment is sponsored by River Valley Credit Union*