Category: Business Plan

As the saying goes, “Failing to plan is planning to fail.” Research indicates that entrepreneurs who write a business plan when they start a new venture have a significantly greater chance of success. A business plan isn’t just a document to convince a bank or investor to back you with … Read More

Whether you have a great idea for a new product or service, a new way to do things or a passion for serving the public, starting your own business can be a wonderful way to secure your financial future and make the most of the things you do so well. … Read More

You can’t have a successful business without a solid business idea. A vague idea or basic concept isn’t going to win investors or customers. Your idea must have specific attributes to ensure you can take your businessf to the next level and enjoy long-term success.

1. Know What You’re … Read More

Starting your own business might sound like a dream. There’s no doubt it can be a profitable and exhilarating experience, but it can also end up being a disastrous failure. To have a good chance of success, you’ll need to have the right set of skills and a suitable psychological … Read More

US businesses spend billions every year on the expertise they need to grow and thrive. As a consultant, your job is to share that expertise with a passionate drive for excellence. Starting a consulting company isn’t easy, however, since you will need to work hard to become a widely known … Read More

So, you have a great idea. Should you start a business alone or with a partner? Here is a list of the pros and cons that can occur with a partner.
The Pros
• Diverse Expertise
When working with business partner/s everyone will be an expert in a different part of the business. … Read More

Raising capital is critical to the sustainability of your company. If you’ve got big ideas but don’t have the resources to execute them, you’ll have to partner with investors and VCs. There are several things that investors are looking for when they listen to a pitch. Some investors might ask … Read More

Obtaining startup funding is one of the toughest challenges for an entrepreneur. Loans don’t always cover what you need, and not everyone has connections with prospective investors. Online crowdfunding has become an increasingly popular alternative to other funding methods because it allows entrepreneurs to reach a huge pool … Read More

Whether you’re a solo-entrepreneur or part of a startup team, outlining your growth plan is essential for tracking progress. Regardless of whether you plan to seek investor funding or bootstrap your business, you need to have a clear vision of your company’s growth over time. Being able to analyze progress … Read More

A limited liability company, or an LLC, is a common business structure that operates as a hybrid between a corporation and a partnership. Like a corporation, the owners of an LLC are not personally liable for the debts of the company. However, it has a more flexible business structure than … Read More