Visualization is important to modern businesses because it allows entrepreneurs to focus on those areas that require improvement and attract more revenue. Before you can fall in love and be enthusiastic about that idea, and before you can convince investors to buy into it, you need to visualize it. That said, researching and transforming vast […]
Business Plan
5 Startup Biz Tactics for Millennials
Founding a startup and nurturing it from conception to mainstream success can be financially rewarding as well as intellectually satisfying. Of course it is also easy to have a good business idea, but difficult to actually put it into action and realize your ambitions. With that in mind, here are a few helpful tactics that […]
Don’t Ignore These 3 Factors That Can Make or Break Your Business
Building your own company from the ground up can be a real challenge, but that challenge can yield massive rewards. However, those rewards are reserved for those who come prepared. Small businesses are uniquely positioned to face more severe penalties for even minor mistakes, so the majority of small businesses don’t even last a full […]
Should You Include Your Sweat Equity in a Business Plan?
Investors love it when entrepreneurs draw little or no money from their startups. It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven. What are you worth to the business? But when forecasting the ultimate viability of a business, many times […]
The 5 Departments Your Small Business Needs
It’s easy to think that the outlook for small businesses isn’t great. Many don’t survive for long, and others wither away in times of financial hardship. In order to give your small business a chance to thrive, you need to set it up for success from the beginning. If you’re looking to give your small […]
Where Can I Sell My Business Ideas?
I get it. What a nice dream … just sell the business idea, and let somebody else take the risk, find the money, and do the work. Except that the work, the risk, and the money is what gives the business idea value. Don’t Dream. Execute. So nowhere. The answer to your question about where […]
10 Perfect Hacks to Run Your Small Business Better
Trying to run a small business in the best possible way is something that you need to focus on right now, and there are so many things to think about when it comes to achieving this. Try to do as much as you can to work on taking things forward in the right way, and […]
Should You Start a Business? Test Your Idea First
As I write this, during the worst pandemic in 100 years, in the grips of a severe economic slowdown — let’s all hope it’s just recession, not depression — people still want to start new businesses. We still come up with new business ideas. Some ideas come from the new problems we are experiencing, some are long-standing good […]
Moving from a Business Idea to Business Actuality
Things to Know, Consider and Do. Just about anyone can come up with ideas for a business venture. This is usually the easy part. The difficult part usually lies in actually being able to transmute that idea into reality. It is at this stage that most people fall short. While the vast majority of people […]
How to Use COVID-19 Crisis to Refocus Your SME
There may be no business in America that has not felt the impact of COVID-19 one way or another. SMEs are more likely to be disproportionately affected by the crisis; in fact, more than 60 percent of smaller businesses believed that their revenue was likely to shrink in the next six months. Where larger businesses […]
