Posts Tagged ‘Business Plan’
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…
Read MoreAvoid 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…
Read More10 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…
Read More3 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…
Read MoreQuick 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…
Read MoreHow 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…
Read MoreThe Ultimate Guide to Starting Your Own Small Business
Starting your own small business can be exciting to think about when you are ready to take your career to the next level. Many people have the entrepreneurial spirit and are ready to launch their own small business. The more information you have about starting your business, the best chance it has for survival. Although…
Read MoreWhat Two Words Are Most Valuable for Your Business Planning?
One of the most valuable tools in an executive’s arsenal is the use of the question chain in planning meetings or to analyze scenarios that might result from an action. The powerful words are “What if…” followed by an ever-deeper question that follows the possible results of an action, or a decision based upon the…
Read More5 Things You Should Know When Starting a Business
Starting a business is not for everyone; in fact, some work a lifetime for a company and still live a happy life, while others have the mindset and skills they need in order to start their own business. If you are one of the many people who carries an entrepreneurial spirit and passion to run…
Read More6 Strategies to Build Traction and Validate Your Plan
As an advisor to many new venture founders, I often hear their frustration at being told by investors “I love your idea, but come back when you have more traction.” As a member of an angel investment group, I have to admit this is probably the most common rejection we issue. The intent is to…
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