The Six Important Functions of a Business Plan by Michael Brassil
Most small business owners and future entrepreneurs know the importance of having a business plan. You probably know a sound business plan is critical when securing financing. You may not realize, however, the benefits of a business plan expand well beyond that single use. It is also a critical tool for your use as you [...]
Business Plan Outline PDF
When Do I Need To Hire A Business Plan Consultant By Howard Schwartz
Every new business owner knows that a business plan is critical it is drilled into them by potential investors and every banking officer they meet. So why is something that is so important to the launch of a new venture so difficult to write? Good question! In this article I will try to address [...]
The Game Plan – the Difference Between Small Business Success and Failure (Part 1) by Jan B. King
It is an American dream to own a business. But sadly, according to the U.S. Department of Commerce, only 1 in 5 businesses is still in business 5 years after it opens. A business needs a great business plan, but it doesn’t give management enough information to have a successful, profitable business. You dramatically increase [...]
The Game Plan – the Difference Between Small Business Success and Failure (Part 2) by Jan B. King
Continued from Part 1. Steps in the Game Plan Process The game plan requires a series of steps, beginning with the CEO getting in touch with his or her desires for the business. Then, the management team must delve into what is real for the business today – understanding the business model (how the company [...]
Your Plan Tells Your Story by Tim Berry
If you are stuck on what to include in your business plan, try thinking in terms of “telling them all about your business”. Here, Tim gives you some ideas on exactly what to write about your business. (Bobette Kyle, WebSiteMarketingPlan.com Network Publisher) Basic Company Information A standard business plan outline includes a chapter topic on [...]
Design Your Plan to Fit Your Business
from Palo Alto Software, Inc. Business planning is about results. For every business plan, you need to make the contents of your plan match your purpose. Don’t accept a standard outline just because it’s there. In the United States business market there is a standardization about business plans. You can find dozens of books on [...]
5 Business Plan Mistakes: How to Avoid Them By Paul A. Broni
If you are preparing to raise capital from either an investor or a bank, you’re probably writing a business plan. Here are five of the most common mistakes that I have seen as a result of my experience as a commercial banker and corporate-finance consultant: Submitting the Plan to the Wrong People I have actually [...]
Gathering Information for Your Plan
by Palo Alto Software, Inc. A common problem people encounter when writing their business plan is finding information about their business industry and competitive companies. Fortunately, in recent years the Internet has made information gathering simple and easy, but sometimes the best information is found much closer to home, with real people, in real time. [...]
Turning a Down Economy into Opportunity by Matthew Parente
One of the biggest areas of concern for companies is the effect of external forces on their business. While each individual company has no control over such things as the economy, the weather, and what the competition does, these things have a huge effect on individual businesses. There’s a fairly simple course of action to [...]
