Archives for category: Business Plans
« Older Entries

What Do You Do If You Have a Great Concept But Need Funding?

February 21, 2010 //
0

What Do You Do If You Have a Great Concept But Need Funding? 

You have a new “Concept” or “Idea”.  Congratulations!  Now what do you do?

If the acquisition of capital is your primary goal for your business, then let’s take a step back and see what you need to do.

Many entrepreneurs become so excited with their New Concept they mentally start banking their money – but oops, they don’t have any money.  No problem. They’ll shop their great new concept to the highest bidder, get enough to pay-off their debts, hire the necessary personnel to run the new piece of business and still have a healthy operating budget.  Sounds doable, right?   

And Why Not?  It seems you read about these kinds of successes all the time, don’t you!? 

While you should “never say never”, the reality of the odds playing out, as described above, are right up there with winning the national lottery.  The good news is there are ways to better those odds.

Read the rest of this entry »

Tags , , , , , ,
Categories Business Plans, Entrepreneurs, Funding Sources, Strategy Planning, Tips to Get Funds

Did You Know – A Business Plan Can Make You Money Whether You Put It Into Action Or Not?

February 8, 2010 //
1

Did You Know – A Business Plan Can Make You Money Whether You Put It Into Action Or Not?

I am often amused when someone claims they don’t need a BP (Business Plan) because they “fly by the seat of their pants”, or “a BP is a waste of time”; then smugly point out they have never had a BP and they are so busy they can’t keep up.  To me, that’s a sign they are in the middle of a wild fire instead of a controlled burn. One day they are going to burn out.

Read the rest of this entry »

Tags , , , ,
Categories Business Planning, Business Plans, Entrepreneurs, Management, Owner, Strategy Planning

5 Basic Steps Defined for Long-Term Profitability

January 31, 2010 //
0

5 Basic Steps Defined for Long-Term Profitability

In case you hadn’t noticed, many articles, experts, textbooks, etc. tell you that you are “confused” if you don’t subscribe to their particular definition of business terms.  I too have my set of definitions, and because this is my Blog you will find them listed below.

Please understand that my definitions, along with everybody else’s, are only words.  To each of us, in our attempt to convey those illusive, intangible concepts of business success, believe our words best describe them. 

The important thing, however, is that You are able to grasp the basic key concepts necessary to drive your business to its greatest potential.   

My favorite quote is, “If you don’t know where you are going, then you are probably already there.”  Becoming as clear as possible as to “Where You are Going” is often the difference between success and failure. 

I’m for success – by any definition.

 #1. Strategy or Action augmentation: Read the rest of this entry »

Tags , , , , , , , , , ,
Categories Business Planning, Business Plans, Entrepreneurs, Financial, Management, Strategy Planning, Target Market

4 Points Identify Your Target Market- Part II

January 16, 2010 //
0

4 Points Identify Your Target Market- Part II

During our original discussion of “Identify your Target Market” we narrowed it to 4 main points:

1.  Become a specialist!  One of the first things you need to do is refine your product or service so you are NOT trying to be ‘all things to all people.’

2.  Next, you need to understand that Individuals and Businesses purchase products or services for different reasons. 

Read the rest of this entry »

Tags , , , ,
Categories Business Planning, Business Plans, Entrepreneurs, Strategy Planning, Target Market

Business, Strategy, Marketing and Sales Plans Defined

November 1, 2009 //
0

Business Plan: Two Plans in One             

 #1. The basic Business Plan lays out the factual, nuts and bolts foundation of your business.  From that full blue print of your business, you may confidently: 

  • Build your business
  • Implement on-going strategies

 #2. Whenever funding is needed, Read the rest of this entry »

Tags , , ,
Categories Business Planning, Business Plans, Entrepreneurs, Strategy Planning

“What do small business owners do when they need to hire the first or second employee?”

October 16, 2009 //
0

This is a very interesting discussion for owners who are questioning what route is best in bringing on new people into their company.

http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers&discussionID=8492557&gid=2877&commentID=7479286&trk=view_disc

Tags , , , , , , ,
Categories Business Planning, Business Plans, Entrepreneurs, Strategy Planning

9 Tips How to pick a Business Idea – Part II

October 11, 2009 //
0

As we discussed in Part I, if you have been considering starting your own business but can’t find that perfect idea, maybe the following will help you.

 

Read the rest of this entry »

Tags , ,
Categories Business Planning, Business Plans, Entrepreneurs, Strategy Planning

5 Tips to Select a Business YOU would like to Start – Part I

October 11, 2009 //
0

Whether we are referring to our business or our life ~ we wonder what our next 30 years has in store for us.

A year ago, many of us felt we had the luxury of pondering if we wanted to continue working or if we wanted to retire. Our biggest concern was that we were being “smart about it.”

Today we are told, “Well you knew the recession beginning back in 2007!”

“NO. I didn’t know,” and to me that statement is saying, “Gee, if you had just starting planning back then, you wouldn’t be in this predicament now.” They are right. If I had started to plan back in 2007 I would be in a considerably better place today – if I had known.

 

Read the rest of this entry »

Tags , ,
Categories Business Planning, Business Plans, Entrepreneurs

Defining Business, Strategy and Marketing Plans

September 30, 2009 //
0

Business Plan: Two Plans in One

#1. The basic BP lays out the factual, nuts and bolts foundation of your business. From that full blue print of your business, you may confidently:
• Build your business
• Implement on-going strategies

#2. Whenever funding is needed, you are able create the needed documentation …… 

Read the rest of this entry »

Tags , ,
Categories Business Planning, Business Plans, Strategy Planning

8 Tips to Achieve Effective Business Planning

September 20, 2009 //
0

A written plan is your Road Map to Success.  It doesn’t matter how simple the plan is as long as it realistically reflects the components of your business.  

Read the rest of this entry »

Tags
Categories Business Planning, Business Plans, Entrepreneurs
« Older Entries