A successful entrepreneur does not wing it: An entrepreneur who wants to win has an attack plan -- a strategy that puts him into a position to succeed. If you don't know where you are going, then how will you know when you get there? Few things in the business world have a positive result without a general plan. Besides being an absolute requirement to obtain outside financing … [Read more...] about Why You Really Do Need a Business Plan Before You Launch Your Startup Dream
Business Plan
How to Use Graphs and Charts in Your Business Plan
Many people ask how many graphs or charts they should have in their business plans. As with most other business planning questions, the answer is it depends . This article discusses the key factors influencing the number of graphs and charts to include in your business plan. To begin, the key point to consider in developing your business plan is the time restraints of your … [Read more...] about How to Use Graphs and Charts in Your Business Plan
How to Create a Bulletproof Mission Plan
In this exercise, you will work through a mock mission plan related to either your business or personal life -- for example, to launch a new product, service, or venue, or to lose weight. Part 1: Select a Target that FITS Use the FITS process (Fit, Importance, Timing, and Simplicity) to analyze your potential targets (which should all be SMART goals, as we'll discuss under … [Read more...] about How to Create a Bulletproof Mission Plan
Basics of a Business Plan
The best way to show bankers, venture capitalists, and angel investors that you are worthy of financial support is to show them a great business plan. Make sure that your plan is clear, focused and realistic. Then show them that you have the tools, talent and team to make it happen. Your business plan is like your calling card, it will get you in the door where you'll have to … [Read more...] about Basics of a Business Plan
How to Maintain Your Business Plan
A business plan is not a one-time document, at least it shouldn't be. Most businesses put together a business plan during their start-up phase to organize, attract partners and employees, and try and get a loan or financial investment. This is a great use of a business plan, however far too often once the company has started up the plan isn't touched again. Ultimately, a … [Read more...] about How to Maintain Your Business Plan