Why Your Business Plan is Essential to Your Success
When you first come up with an idea for a product or service, you'll ideally test the feasibility of your business concept. If your idea seems like it has a…
First, How Will Your Business Make Money?
Your venture needs to bring in revenues that exceed your costs if you would like it to be considered a business rather than a hobby. To attract investors and partners,…
Why a Focused Business Plan Is the Fastest Road to Success
Are you an entrepreneur who isn't dreaming of dominating a market? Probably not. Usually, those of us who think of ourselves as entrepreneurs decided to do what we're doing because…
The Four Cornerstones of Every Business Plan
The thought of preparing a business plan for the first time can be very intimidating. There are many "moving parts," and it’s easy to get lost in the details. The task becomes much easier if you think of your plan in terms of four essential cornerstones that serve as the foundation of all business plans: Opportunity, Solution, Execution, and Outcomes.
The Anatomy of a Business Plan Cover Page
We’ve all heard the adage that you shouldn’t judge a book by its cover. However, the truth is that people DO judge books by their covers – especially busy investors…
How Do I Demonstrate Competitive Advantage?
Entrepreneurs are often quick to assert to potential investors that their product or solution will kill the competition. However, your opinion alone will not be enough to convince experienced investors.…
Turn Your Business Plan into an Operational Plan
You may have recently prepared a business plan for a very targeted audience. Perhaps the document was created at the request of your bank so that they could make a…
A Novel Idea
A Novel Metaphor A good business plan must be concise, compelling, and conversational while remaining professional. The best metaphor for a good business plan is a novel. You must grab…
Create a Business Model That Fits You
Before you start down the long, hard road of becoming an entrepreneur, it pays to look within yourself to see what you love to do and what would fit your…
8 Steps to Starting a Tech Venture on a Tight Budget
Now is a great time to start a tech venture. The cost of rolling out a new business has never been lower – it only takes a few hundred dollars…