Workspace Design as it Relates to Employee Productivity
When starting a small business in todays incredibly complex business world, there are numerous factors that give firms an improved chance of success. One such factor is Employee Productivity. Leaders in the business community have known for years that if your employees are more productive, then generally speaking, your business is more successful. One way […]
Business Partnerships: Good, Bad, or Both?
Partnerships are commonplace in business, however many people do not have a complete understanding of what a partnership truly is, how it should function, and what to expect once they have entered into one. In the most frequent instance, a partnership is formed between one or more businesses or partners (owners) that will work together […]
Your Personal Foundation Is Your Backbone (Part 1)
Starting a business requires one to compose a variety of different elements, and combine them all into a business plan, and then execute the plan according to the strategy laid out in the plan. At the very core of all of this information is YOU, the business owner. An often overlooked part of starting a […]
Building the Support Team
Although it is your idea, your intellectual property, and your business plan, success is not achieved alone. Even the greatest entrepreneurs in history had help, and they needed it to get to the top, trust me. The quality of the people involved in your business also determines the success of your business. Many ventures ultimately […]
A Guide to the Startup Phase: Pre-Launch Actions (part 4 of 4)
You’ve examined your personal foundation, come up with your brilliant business idea and written a business plan. Here are some steps before you can officially launch your business. Before launching your company, make sure that you’ve covered all the bases in the following key areas: Infrastructure – One of the things to do to get […]
A Guide to the Startup Phase: Creating a Business Idea and Writing Your Business Plan (Part 3 of 4)
After youve analyzed your personal foundation, the next step is to come up with your business idea. One way is to break the idea down into three parts: the problem that your business will solve, who is affected by the problem, and the solution to the problem. First, explain what the problem is. Then, brainstorm […]
A Guide to the Startup Phase: Your Personal Foundation (Part 2 of 4)
The startup phase of a business begins with an analysis the most important piece: you. Understanding yourself is beneficial for everyone, but especially for new entrepreneurs. If you are going to dedicate years of your life to your new business, it only makes sense that the business should meet your personal goals. If you’re going […]
A Guide to the Startup Phase (Part 1 of 4)
Here at The Startup Garage, we know that the startup phase can be a daunting process. The startup phase, or seed stage, is the very beginning in the life of a business. It starts with the formation of your business idea (sort of), and involves all the processes that your company has to go through […]
What is in a Business Plan: Marketing Plan (Part 8 of 11)
Time For Completion: Approximately 20-30 hours Your Marketing Plan gives a complete picture of your marketing goals, strategies and tactics. By answering many questions that will help your product reach your potential customers. Some of the processes that you will go through when writing a Marketing Plan include: setting goals, creating your company’s brand, and […]
What is in a Business Plan: Financial Projections (Part 11 of 11)
Time For Completion: Approximately 35 hours Financial statements are a very important part of your business plan. They give you an idea of how your business would be performing according to the market assumptions and the business model you choose. Ask somebody already in the business, or call service providers and ask them how much […]
