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 Articles and Interviews (tag)
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. …
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 …
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 …
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 …
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 …
