This is my answer to a Quora question, What are good ways to turn a business idea into a business plan?: Think of a business plan as a collection of interconnected modules. There’s strategy, market, milestones, tasks, measurement, review schedule, projected sales, costs, expenses … some people like verbiage, some prefer just the core concrete [...]
Writing a Business Plan
Writer’s block? It turns out that starting and finishing your business plan is a whole lot easier than you thought.
Obtaining a loan certainly isn’t the most fun aspect of running your business, but it can be achieved with a little work and planning. Here’s how.
A good business plan accomplishes much more for a startup than just intriguing investors and lenders; a good business plan actually maps out the business, and guides its growth.
There are a lot of questions to ask when starting your own business (and you’ll be asked plenty more by investors and customers along the way). Yesterday, Palo Alto Software CEO Sabrina Parsons gave an interview with Small Business Digest and answered many of the FAQs of startups. Throughout the interview, Sabrina details the challenges [...]
If you’re looking to start a new small business, there are a lot of factors to consider. But boil it down, and you’re left with just these ten things to focus on.
If you’re the one telling entrepreneurs they need to show some fantastic return on investment, stop it. It isn’t helping them.
Entrepreneurs, beware of business plan writers who oversell. There are people who sell business plan writing as if the business plan itself — the formatting, the structure, the editing, the production values — will or won’t get investment. And that’s not true. Nobody real will invest or not invest because of the production values of a [...]
We’ve mentioned elsewhere the consulting mentor of ours who was fond of saying that strategic planning was, at one and the same time, the most important task you can undertake as a business leader and also “a waste of time.” Of course, what he meant was, like New Year’s resolutions, it’s not the resolving that [...]