I get asked a lot by wannabe entrepreneurs: what business should I start? Often people really want to go into business, but they don’t know which direction to go. Some people want an instant formula for small business success, but the answer is: It depends. Entrepreneurship is as different as the people who run […]
How to Validate Your Business Idea
Sure, you have the passion and skills to be an entrepreneur, but is 2016 your year for starting a business? If you can genuinely see yourself taking care of the 10-14 daily tasks that come with being a business owner, then it’s time to pursue this business further. The first thing you need to do […]
How to Write a Business Plan Part IV
This is the final post in my four-part series on how to write a business plan. We have walked through Part I: How to develop a Business Model, Part II: Your Marketing Plan and Part III: Operations and Cash Flow Projections. Part IV will focus on developing your executive summary and is the last step […]
How to Write a Business Plan Part III
You have developed your business model and your marketing plan. Now, in Part III of my four-part series on how to write a business plan, it’s time to develop your operations plan, budget and sales projections. This is where you go from dreamer to business owner, folks! If your business is not designed to make money, […]
How to Write A Business Plan Part II
A business plan is your strategy for bringing your product or service to the marketplace. This is Part II of my four-part series on how to write a business plan. Last week, in Part I of my blog series on how to write a business plan, we focused on developing your business model, which is […]
How to Write a Business Plan – Part I
When it comes to writing a business plan, the first step is figuring out your business model. This post is Part I in a four-part series on how to write a business plan. Today’s focus is crafting your business model. Developing Your Business Model There are a lot of moving parts when it comes to […]
How to Get Ready for Opening Day
It all started with a concept and now you’re here, ready to open for business. You’ve made it through what some consider to be the most challenging aspects of starting your own business. You’ve gotten startup capital, obtained licenses and permits, invested in expensive business equipment, and selected your team. Opening Day is just around […]
Top Three Legal Pitfalls of Home-Based Businesses
The Internet has opened the door for a generation of home-based entrepreneurs. In the rush to put up a website and start selling to customers, many entrepreneurs forget the permits and legal filings they may need. Even the most basic home-based business will usually require some kind of registration and compliance with local regulations. You […]
How to Develop a Killer Marketing Plan – Part II
It’s great that you have a marketing plan, now you must determine how you will pay for your outreach efforts. In Part I of this series, we focused on how to develop a killer marketing plan. Now you need to budget what you will spend on marketing. Creating a budget is not always the fun […]
10 Leading Factors of Small Business Success
While every entrepreneur has a different success story, I tend to see some of the same factors affecting most business’s results. Now, not all of these are personality traits. Many are simply ways of doing things, so no matter who you are, changing your actions can have major results. The bottom line is you can […]
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