Business plan articles
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- 2007-03-26 11:15:22 - How to size an emerging market in your business plan
- In developing their business plans, companies of all sizes face the challenge of determining the size of their markets. To begin, companies must present the size of their ?relevant market? in their plans. The relevant market equals the company's sales if it were to capture 100% of its specific niche of the market. Conversely, stating that you were competing in the $1 trillion U.S. healthcare marke...
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- 2007-03-26 11:15:22 - Franchise opportunities are not always as good as they sound
- Franchise opportunities are out there and if you look, you'll find more than you can count. In order to find out if a business franchise truly is an opportunity of a lifetime, there are a few points that you must evaluate. Point 1: Market Trend Most franchise opportunities are based on current market trends. You will see a lot of franchises that promote the current size of th...
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- 2007-03-26 11:15:22 - Five crucial components of a business plan
- Copyright 2005 Cavyl Stewart The format of a Business Plan is something that has been developed and refined over the years and is something that should not be changed. Like a good recipe, a business plan needs to include certain ingredients to make it work. When you create a business plan, don't attempt to recreate its format. Those reviewing this type of document hav...
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- 2007-03-26 11:15:22 - Finding a venture capital firm
- Many ventures are faced with the challenging task of raising venture capital. The first part of this process is finding the right venture capital firm (VC). While this may seem simple, it isn't. There are thousands of venture capital firms in the United States alone, and going after the wrong ones is one of the most common reasons why companies fail to raise the capital they need. W...
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- 2007-03-26 11:15:22 - Finance your small business: so much money ? so little time
- $37.4 million funded from venture capital today. $86.4 million funded yesterday. $51.4 million funded the day before. These numbers are not made up. They are actual numbers from actual reported venture capital funding. I get these notices emailed to me day after day, rain or shine. I'm not personally looking for business financing ? but the entrepreneurs who read my w...
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- 2007-03-26 11:15:22 - Effectively completing the operations plan section of your business plan
- The Operations Plan is a critical component of any business plan as it presents the Company's action plan for executing its vision. The Operations Plan must detail 1) the processes that are performed to serve customers every day (short-term processes) and 2) the overall business milestones that the company must attain to be successful (long-term processes). Everyday Processes (Short...
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- 2007-03-26 11:15:22 - E-books in your life
- E-Books are making a big impact in the way we read, write and use books. There is nothing holding back an expert with years of experience on a particular field to write about all the ins and outs, trade secrets, strengths and weaknesses of the industry. Consider Colm Dillon, the author of "Unique Real Estate Development Method!" (...
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- 2007-03-26 11:15:22 - Documenting the exit strategy in your business plan
- All investors greatly desire and are motivated by a clear picture of a company's exit strategy, or the timing and method through which they can ?cash in? on their investment. This picture best comes into focus when the key valuation and liquidity drivers of the company are clearly delineated. An excellent method to accomplish this is through descriptions of comparable firms that have had successfu...
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- 2007-03-26 11:15:22 - Documenting partnerships in your business plan
- Forging partnerships to improve market penetration has become commonplace, particularly for ?new economy? businesses. And, most companies proudly mention their many partnerships in their business plans. The fact is that, regardless of whom the partnership is with, partnerships by themselves are meaningless. What are meaningful are the terms of the partnership. For instance, while it...
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- 2007-03-26 11:15:22 - Do you love food? - then maybe opening a restaurant is not such a crazy idea
- The restaurant industry in the United States employs an estimated 12.2 million people, making it the nation's largest employer outside of government agencies. The restaurant industry in the United States employs an estimated 12.2 million people, making it the nation's largest employer outside of government agencies. This industry provides work for more than 9 percent of those employ...
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- 2007-03-26 11:15:22 - Developing realistic financial assumptions in your business plan
- Many investors skip straight to the financial section of the business plan. It is critical that the assumptions and projections in this section be realistic. Plans that show penetration, operating margin and revenues per employee figures that are poorly reasoned, internally inconsistent or simply unrealistic greatly damage the credibility of the entire business plan. In contrast, sober, well-reaso...
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- 2007-03-26 11:15:22 - Developing a business plan = developing a succesful business.
- Whether you are starting up a new business or you already have an established company, the importance of a business plan may be over looked. Yes, they can take some time to draw up but just think of your business plan as a map of a country. Without the details and information on this map, trying to navigate yourself around a country will usually end up leaving you lost. Probably travelling the sam...
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- 2007-03-26 11:15:22 - Describing intellectual property in your business plan
- Most companies that are worthy of raising venture capital have proprietary Intellectual Property (IP). In fact, the quality of the IP and the management team are often the two most important aspects of a venture capitalist's investment decision. The challenge that many ventures face, however, is that most investors will not sign non-disclosure agreements (NDAs), and NDAs are critical to maintainin...
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- 2007-03-26 11:15:22 - Business plans
- Way back in business school we had to churn out business plans every semester. As soon as the assignment would drop we would be scrambling for information. Start the number crunching game, do the analysis, do some mental planning and write business plans. Then we graduated and got jobs. But, we still have to write business plans. I came across a collection called Busi...
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- 2007-03-26 11:15:22 - Business plans- what consultants don?t tell you!
- Copyright 2005 Empower Business Solutions Do you have a Business Plan? Congratulations, but you are in a small minority. And if you have a plan, is it integral to your business, and instrumental to its growth? If the answer to this question is yes, then you need to read no further. However, most business owners who actually go to the trouble to write a business plan have left it lan...
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- 2007-03-26 11:15:22 - Business planning for college students and first-time entrepreneurs
- More and more students, both in undergraduate and graduate institutions, are deciding to launch their own ventures upon graduation rather than taking the traditional route of working for another firm. Likewise, more and more individuals are leaving their jobs to fulfill their entrepreneurial dreams. While these ventures may ultimately be very successful (e.g., Google and Microsoft w...
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- 2007-03-26 11:15:22 - Business plan
- A is a short brief that explains how a business owner, director or entrepreneur plans to orchestrate an enterprising effort that carries out the actions that are necessary in order for the effort to succeed. Basically, a business plan is the written description of a business's business model. Those involved in the planning process and management are the most likely to use a business plan. Business...
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- 2007-03-26 11:15:22 - Before the business plan
- Purveyors of conventional wisdom would have you believe that the very first thing you ought to do when setting up a new business is to create a business plan. It doesn't matter whether you are selling odds and ends on eBay from your living room or something larger and more complex, Business plans are excellent and necessary. Far too few of us self-employed and freelan...
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- 2007-03-26 11:15:22 - Becoming wise - wild & free: writing a successful business plan - part 3 - the feasibility
- I am amazed at how many resources there are and how much information is available today on writing a business plan. There is software, documents, templates, outlines and a lot of experts that can help you. Most experts and resources will tell you exactly how to write a business plan and maybe even provide a template that only needs minor changes to fit your needs. All the emphasis is put on "writi...
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- 2007-03-26 11:15:22 - Are you satisfied with your business just as it is?
- Did you know that satisfaction is the number one emotion people want to experience about their life and business? Yes, fame and fortune are up there, but satisfaction is the key. Satisfaction is about contentment, gratitude and pure joy. Are you satisfied with your business and your life? If not, read on and see how you can transform your l...
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- 2007-03-26 11:15:22 - Angel investors: 7 online business plan scams and 1 real deal
- We've all seen the hype: "We'll put your plan in front of thousands of investors!" "We'll write you an award-winning online business plan!" "Only $3,000 for thousands of investors to learn about your company!" I cringe every time I see one of these ads. Vultures are preying on honest business people who want to fund their businesses. Here are some ways to spot them: 1...
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- 2007-03-26 11:15:22 - Analyzing customers in your business plan
- The Customer Analysis section of the business plan assesses the customer segments that the company serves. In it, the company must 1) identify its target customers, 2) convey the needs of these customers, and 3) show how its products and services satisfy these needs. The first step of the Customer Analysis is to define exactly which customers the company is serving. This requires sp...
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- 2007-03-26 11:15:22 - Alternative venture finance: shell corporations
- A shell corporation is a company that is incorporated but has no significant assets or operations. These corporations may be formed as an alternative venture financing mechanism. Shell company financing works in two ways. In many cases, the shell corporation is created from scratch. The purpose of these shells is to raise money and to get a number of shares outstanding into the publ...
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- 2007-03-26 11:15:22 - 5 home biz mistakes every entrepreneur should make!
- by BB Lee (C)2005 mailto:editor@smallbizbitsnews.com In a previous article appropriate steps to start a home based business were discussed. This important article will review the 5 top mistakes many home based business owners make that might evolve into a great success story. Warning! T...
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- 2007-03-26 11:15:22 - 10 businesses: will your business be the one winner or part of the nine losers?
- A business coach is a person who helps you grow personally and professionally. A business coach bridges the gap between where you are now and where you want to go. If you want to expand your business and want to set high goals, your business coach can help you in achieving, what you want with some advice and encouragement. Business coaches work with entrepreneurs, executives, manag...
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