Every business needs to differentiate itself, to find a way to show the world how it’s unique and different. If you were to ask the owners of 10 hair salons which products or service they sell or provide, most would probably start with “hair styling and coloring” or something along those lines. And you wouldn’t [...]
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This question was in my e-mail (I’m protecting the identity and leaving out some of the details): I’m fairly confident on the business strategy I’ve written, but I am not very well-trained in the financial P & L planning side. I can create a sales plan, but below the margin line seems a little fuzzy [...]
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Here’s a question I received in an e-mail (edited to hide the sender’s identity): “The major question I have is how you found the courage to pull through when the times were tough? I know that is a very generic question. but it’s what I am going through right now . . . [omitting the author's [...]
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(This is number 3 on my list of top 10 startup mistakes.) I don’t refer here to the full formal business plan document that many startups need; I’m referring to planning, which all startups need. Set your long-term goals, your priorities and the meaningful milestones you’ll need to hit along the way. Don’t ever confuse [...]
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Are you teaching a class on starting a business? If you are, then I’d like you to be aware of course.bplans.com. That’s where I’ve put up a full curriculum/syllabus including lesson plans, exercises and assignments, online videos, and more than a dozen PowerPoint slide presentations complete with slide-by-slide notes and distribution-friendly photos and graphics. This [...]
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Palo Alto Software Offering Business Plan Workshop to Lincoln County Business Owners – Oregon It’s not a secret that Oregon is a great state to start a business. If you are a business owner in Lincoln County you know the challenges of staying open and staying solvent. Do you have a plan to thrive in [...]
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I have to admit bias squared with this post, because I like Ramon Ray, the author, and he’s congratulating Business Plan Pro, which is my work, on its 15th anniversary. Still, Ramon makes this point very well: We all know that when applying for a loan and seeking venture capital funds you simply have to [...]
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It happens to a lot of businesses that start out self-funded: since nobody is requiring a business plan from them, they don’t think they need one. It’s not long before they realize what they’re missing. That’s what happened to Monique Riviere, of Springdale, Maryland, when she bought her V2K Window Décor & More franchise two [...]
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At Palo Alto Software, we’re used to talking with entrepreneurs about their businesses. Most are enthusiastic about what they do, but you can hear it in their voices when they truly love it. Carol Graham, a relatively new user of Business Plan Pro, is one of those people. As founder of Bulldog Communications, LLC, in [...]
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I was just browsing the web with my laptop on a Sunday afternoon, half watching football, when I caught a LinkedIn question about business plan software. “Just use Excel and do your own,” the answer says. “Yeah, right,” as one of my daughters used to say, rolling her eyes, when she was still a teenager, [...]
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