Owning a small business is one of the most rewarding and challenging things you can do. You’re responsible for your success and get to focus on doing things your way. Though it’s ultimately up to you, there are a few things you’ll need to do to make sure your company can be as successful as […]
Business Plan
Do Those Summaries. Use Those Frameworks. But Don’t Think They Replace Business Planning.
There is some bad advice floating around in the startup world. Useful as the Lean Canvas is, and despite some well-intentioned suggestions of summaries, those are not business plans. They don’t deal with the drivers and components of cash flow. They don’t set milestones, metrics, and tracking. You can’t run a business with them. And […]
Becoming Your Own Boss: How to Start Your Own Accounting Firm
There are many ways to advance your career. You can work your way up the corporate ladder, or, you can decide to be your own boss. Have you ever thought about starting your own accounting firm? If so, then this is the article for you. Read on to look at what it takes to start […]
3 Elements of Business Planning Drive Future Success
Your business can’t be all things to all people, and excel at anything. Every entrepreneur and every business needs a strategy to keep them focused. In fact, in this new world of pervasive interactivity, it’s time to rethink even how to develop a strategy. Strategy used to come from the inside looking out, but now […]
9 Critical Elements of a Business Plan Every Aspiring Entrepreneur Should Understand Now
So, you have an awesome idea for a business. You know exactly what products and services you want to provide consumers in your target markets. Moreover, you are confident and ready to be your own boss. What next? Well, whether you’re planning to open a donut shop, beauty supply store, or serve the best homemade […]
Avoid These 5 Common Mistakes on Your Loan Application
Lack of preparation and poor planning can sink your chances of getting approved for a small business loan. Your loan application is an opportunity to present your business in the best light. In other words, it’s your chance to minimize the risk you represent and maximize a lender’s confidence in your ability to repay the […]
10 Business Plan Tips Too Many Entrepreneurs Forget
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 […]
3 Business Plan Critical Factors
What matters most for a business plan? When somebody asked on Quora what are the critical factors of a business plan, I came up with these three business plan critical factors: Does it achieve its business goal? Form follows function; does it achieve its business goal? Measure a business plan by its results, and nothing else. You […]
Quick Stay-at-Home Guide to Starting a Small Business
Many parents are opting to stay at home while the kids are growing up. Some are supplementing their family’s income by working from home, often launching a new business enterprise there. Here’s a quick stay-at-home guide for starting your own small business. Decide on Your Business Structure Most in-home businesses begin as sole proprietorships. This […]
How to Create a Proper Business Plan
It’s a fantastic time to start a new business, which has led a myriad of entrepreneurs in the direction of starting their own companies and non-profits in the pursuit of success in the marketplace. Many newcomers to the business scene are struggling with one of the earliest steps of creating a business, however, namely the […]
