Creating a Plan
Most Surprising Hidden Costs of Opening a Business
If you’ve ever started a business, you know it involves some clear-cut costs. Office space or storefront rentals, equipment, initial inventory, license fees, legal advice – all of these are initial expenses you might expect…
3 Things Entrepreneurs Forget When Launching Their Startups
They say that 96% of all businesses fail during their first 10 years, and this incredible statistic highlights the universal challenging facing commercial ventures in the digital age. Attempting to mitigate these risks and challenges…
Business Development by the Numbers
Last week we started to identify some key financial metrics that you need to have a handle on as you plan your business development for the upcoming year in a smart way. If you did…
Business Plan Events and Why They Matter
(Note: I posted this earlier this week on the SBA Industry Word blog. It’s reposted here for your convenience.) What do you think of when you hear the phrase “business plan?” Does that bring to mind…
3 Basic Recipes to Improve Your Restaurant Without Breaking the Bank
Running a restaurant business is by no means an easy task. The food and beverage industry is not only rife with heavy competition, but requires a substantial investment of both time and money as well….
How to Use a Checklist to Build an Innovative Startup
A common request I get while mentoring entrepreneurs is for a copy of the startup checklist they need to follow, in order to build a successful new business. I wish it was that easy. The…
22 Good Reasons to Write a Business Plan
Question: What are some of the main arguments for writing a business plan? Here are 20 good reasons to write a business plan. Please note, however, that a business plan is not necessarily a traditional…
5 Small Business Pitfalls and How to Easily Avoid Them
If you are starting a business, you are likely to fail. While the exact percentage of businesses which fail within a few years can be disputed, there is no doubt that more businesses fail than…
Top Entrepreneurial Industries
Entrepreneurs are typically the vanguard of change. They develop innovative products and services, create new ways of getting things done, and lead the post-industrial economy into previously unexplored territory. As entrepreneurs engage in evolving industries,…
Is Your Brilliant Idea a Viable Business? 6 Ways to Find Out
Every great business started out as a great business idea. Maybe you have a thought or two about the kind of company you’d like to start but you’re not sure if your idea has the…
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