Business Plan

Practical Things To Consider When Setting Up a Warehouse

Some may think that setting up a warehouse is as simple as finding premises and storing inventory in one place until it is distributed. It is, however, far more complex than that. There is a great deal of planning and ongoing organizing required to run an efficient setup. A warehouse is, first and foremost, somewhere to create an efficient flow of materials. If you are going to … [Read more...]

How to Write a Killer Business Plan in 7 Days

A business plan is the blueprint of your business that recaps your goals, and how you will achieve them by utilizing different strategies. When entrepreneurs learn about the market, competitors, and customers’ needs, it helps them set the right priorities. Contrary to what many people believe, a business plan helps an entrepreneur, not an investor or other financial … [Read more...]

How To Handle Cash Flow: 5 Handy Tips

When running a business, "cash flow is king" is a phrase you may have heard thrown around and honestly, it’s not untrue. Many a fundamentally sound business has found itself going under due to running out of cash, especially if owed some money. It’s good to think about and plan ahead to avoid this. Let's have a look at the ways to do this. Make A Business Plan – Project Income … [Read more...]

10 Important Aspects of a Successful Business Plan

Every business needs to have a business plan, no matter the size. The main reason so many startups don’t survive past the first five years is because they didn’t set a strong business plan. You may have a great business idea, but then after setting out a plan and crunching the numbers, you find out it’s not such a great idea. Your business plan is the roadmap for your … [Read more...]

Tips for Starting Your Own Restaurant Business

Starting a restaurant is a dream for many people out there, however, it’s something that’s far more complex than just renting out a venue, composing a menu, or even acquiring the necessary licenses. Think about it. These three steps are something that every single restaurant business had to do in order to launch, yet, some of these businesses thrived and prospered while others … [Read more...]

5 Do’s and Don’ts of Getting a Business Loan

One of the most important questions that boggles the minds of entrepreneurs, is how to finance their business. Whether you are looking to finance your startup, or expand your current business, one possible source of capital is a business loan. To get the right kind of loan, you will need to pay attention to several crucial factors. Here are 5 tips that will help you secure a … [Read more...]

Your New Business: From Idea to Plan

Business ideas are a dime a dozen these days—everyone has a good one. What separates the successful entrepreneur from a dreamer is their ability to turn that idea into a plan. There is a common misconception that the moment you are struck with a valid business idea, you need to write a business plan. But in reality, there are several steps that need to be taken before you … [Read more...]

5 Things to Consider Before Starting a Business in 2018

Every single year there are entirely different things to consider when starting a business. A few years ago it was the financial crisis which still weighed heavily on everybody’s minds and it had certain repercussions. Now, however, we’re in an entirely different era. That means there are different opportunities, and different headaches as well. What are some of the biggest … [Read more...]