If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. Don’t confuse your business plan with a doctoral thesis or the back of a napkin. Keep the wording and formatting straightforward, and keep the plan short. For minimum content, see my original […]
Business Plan
Is Your Business Idea Ready to Go?
Have you got a business idea? Have you been sitting on it for months on end, knowing you’ve got the chance to make something good out of it? Well, now could be the time to make that happen, but only if your idea has the chance to take form. And to ensure that, you’re going […]
Can You Defend Your Plan & Not Be Defensive?
When meeting with investors or even your board, during the period devoted to feedback after your presentation, you will hear comments and recommendations that don’t resonate with you. Some will be from a misunderstanding of your explanation. Some listeners will challenge your assumptions. Some will seem to ask just plain show-off questions, in which the […]
5 Awesome Tools to Help Start Your Own Business
This article is built on the scenario that you are going to quit your 9 to 5 desk job and pursuit your lifelong dream of starting your own business. Before you start, you need to have an idea, what do you want to make and why? It needs to be valuable for your chosen target […]
Remember These 3 Essential Things for Your Business Plan
Here’s some insider advice for aspiring entrepreneurs, from professional investors. Each of us has a list of things we look for early on when identifying whether we want to go to the next step in analyzing a plan. Come to think of it, these are good for challenging any business plan. Size of your total […]
How to Visualize Your Business Idea into a Presentation
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 […]
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 […]
