Five Steps to Business Plan Success
Five Steps to Business Plan Success Every year, hundreds of startups are founded but only a select few will make it past the first year. Furthermore, statistics indicate that most startups will close within 24 months of starting up due to poor cash flow, financial instability, and difficulty finding investors. You can improve your chances […]
SWOTT Away Distractions With Successful Analysis
SWOTT Away Distractions With Successful Analysis The most powerful tool for a startup is the mind of the founder. With the right tools at the ready a founder can transform strategies toward success in ways big companies can only dream about. One of the most important sections of the business plan is the SWOTT framework. […]
Similarity of Success Traits in People and Successful Aspects of a Business Plan
Similarity of Success Traits in People and Successful Aspects of a Business Plan Most people wish they could make their work, their life and their business more interesting and productive; just the way successful entrepreneurs do. We all want to achieve everything possible, and we want to make the most of our time and our […]
How Long Should My Business Plan Be?
How Long Should My Business Plan Be? “Oh my gosh! You want me to do what? Write a 40 page business plan for this new project of mine. I don’t have time to do that.” Many a business plan consultant has come across this type of statement. In fact, these are probably the first words […]
Road Test Your Business Plan with an Expert
Road Test Your Business Plan with an Expert An inexperienced, first-time driver lets his anxiety and nerves get the best of him. His lack of experience becomes clearly visible when he decides to take the driving test. Consequently, the officer conducting the test notes the driver’s mistakes and failures. The realization that this is an […]
5 Top Business Plan Mistakes
5 Top Business Plan Mistakes Running a business requires you to become a jack-of-all-trades. You must be versed in sales, product development, customer service, database management, HR and in making or selling the service or product — all activities you probably didn’t originally set out to be in business for. That’s where the business plan […]
Can a Business Plan Help Find Investors?
Can a Business Plan Help Find Investors? Attracting an investor to a business takes a little more effort than calling up your uncle in Baltimore and saying something like, “Hey, you want to invest in my business?” While this may work for some, it won’t for most startups — especially those that need a significant dollar […]
Is the Business Plan Dead?
Is the Business Plan Dead? Recently, we’ve experienced a wave of articles, blogs, news and comments, where a few entrepreneurs and theorists suggest that business plans are unnecessary, especially for small fast growing companies. In fact, some even go as far as saying that the business plan is dead, and a waste of time. They […]