Published April 30th, 2008
One of the key points in any new business is having a business plan to get your company started. This allows you to see where your finances will be used, what markets are open to your product and service, how you’ll attract customers and much more. However, once your business is established, you shouldn’t just forget about your original business plan - indeed, you should continue to refer to it and change as necessary.
Since the business world evolves continuously, it’s more important than ever to be ready to face any new challenges that you might encounter. This is where... Read more
Tags: advice, business plans, danny brown, management, managing your business plan, tips, updating your business plan
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Published November 30th, 2007
For many, starting a business is a life long dream. But, as with any dream, there are obstacles which need to be overcome before the dream can become a reality. A business start-up must begin with the essential business plan. There is the option, with business planning, to hire an outside source to write the plan, but, there is a level of personal knowledge and commitment you will not achieve with this choice. Your business is your baby and only you should write the business plan.
The purpose of a business plan is many fold, giving form to the vision,... Read more
Tags: business plans, Finance, Finance and Accounting, lenders, loans, Starting a Business
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Published October 12th, 2007
Of every one hundred businesses started in America each year, only a handful survive the first year and only one or two are thriving after three years. One of the major causes of this failure rate is lack of a business plan. People who start a complex business and people who need to raise capital to get their business off the ground know (or soon learn) that they need a good business plan. People who plan a small business often imagine they can get by without a business plan. But every business needs one.
A business plan is simply a... Read more
Tags: Bplans.com, business plans, small business administration, Starting a Business, startups
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