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Tutorial: the One Page Business Plan |
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Tuesday, 23 December 2008 |
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Just telling a small business that they need to create a business plan often strikes fear and loathing into even the sturdiest of entrepreneurs. The reality is that there are different types of business plans. Yes, there are the voluminous ones with reams of research and data, but those are usually reserved for projects where a source of funding is required. And I believe in these cases, a solid justification is both understandable and necessary. After all, if you are giving me $10 Million to launch a new business, you deserve to know exactly what I am going to be doing with it and exactly how I am going to be providing a return on your investment.
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Don't Go Broke Starting Your Business |
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Tuesday, 11 November 2008 |
When you first start your business, you get very excited - that's understandable! Just don't let your enthusiasm bankrupt you before you even get going.
For many new business owners, they want to feel 'legitimate' so they go get business cards first thing. Sometimes they spend huge amounts of money to do so, then spend a lot more getting stationary, envelopes, brochures and post cards. It's all so exciting!
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Business Plan: the Secret of Fortune 500 Companies |
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Tuesday, 19 August 2008 |
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Most of us wondered how big companies successfully do it. They survive despite the continuous economic crisis and maintain their ranking in top fortune 500 companies. Is the fact true on how big companies eat small companies to survive? Well, the game in the business world is like a rat race. Everybody should be fast and first to win. Competition is tough. If the companies want to stay in long term, their foundation should be strong.
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Do I Need A Business Plan? |
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Friday, 27 June 2008 |
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Not everyone who starts and runs a business begins with a business plan, but it certainly helps to have one. If you are seeking funding from a venture capitalist, you will certainly need a comprehensive business plan that is well thought out and demonstrates sound business reasoning.
If you are approaching a banker for a loan for a start-up business, your loan officer may suggest a Small Business Administration (SBA) loan, which will require a business plan. If you have an existing business and are approaching a bank for capital to expand the business, they often will not require a business plan, but they may look more favorably on your application if you have one.
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How To Start A Vending Machine Business On The Right Foot! |
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Friday, 07 March 2008 |
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So you want to start a vending business and you are not really sure which way to start. Thinking about the bulk vending business or maybe starting at setting up some pop and snack vending machines both are completely viable options. In vending you can set up your machines at a variety of different locations and profit and make substantial gains if you find the right locations.
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