The restaurant industry is a world of its own where “two-tops,” “ramekins,” “food runners,” and “20-minute splits” are common terms. Having spent ten years in the service industry, first in high school, and later putting myself through college, I have a strong respect for restaurant servers (waiters). There are some valuable lessons I learned in [...]
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Let’s talk about the big marketing question: What market intelligence do you have in hand to ensure a successful (and prosperous) launch to the market?
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If you missed the webinar on “How to Write a Winning Business Plan,” you can still watch it below. You get to see how quick and easy it is to create both a dynamic business pitch and a business plan that supports your brilliant business idea. We’ve also included answers to the questions we were not able [...]
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The fun really begins now, as there is so much to learn about starting a new business. There is a lot of preparation and risk involved in starting out in a new venture. There are a lot of options available for you to look into, as you start your venture as an entrepreneur. I must [...]
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Question: Do you have a template for the particular issues and approach that a nonprofit business plan would require? Or, do you know of an alternative source that would have such a business plan? We are looking to build and operate a no-frills seniors residence for low-income seniors. My answer: Yes, we have lots of [...]
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Bill Payne had a nice post on gust.com late last month titled Using your business plan, in which he lists the different forms or outputs people confuse with a business plan and sets each one into the proper use context. He defines the elevator pitch, video pitch, executive summary, PowerPoint presentation, and business plan as [...]
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I’m in my business plan marathon season again. This happens every April as I read business plans for my angel investment group in Oregon and for business plan competitions held this month by University of Oregon, Rice University, University of Texas, and the University of Notre Dame. I want to make it clear, first, that I [...]
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People are always asking for a list of fundamentals, a checklist they can use to start their own businesses. From your business type to your business model to your physical location, there are so many variables it’s not easy to come up with a list that will work for everybody. The key, regardless of what [...]
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Business planning is about determining your business future. Where do you want your business to go? Where should it be in three years? What are the steps to get there? Wouldn’t it be great if you had someone who could help you through the hard parts of business planning? Maybe give you a guiding hand [...]
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Every year, I spend a lot of time reading and judging business plans for business plan competitions. I have read some great plans and some not-so-great plans, but that is how it always turns out in any business plan competition. I thought it might be useful to talk about the most common deficiencies that have [...]
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