Business Plans 101

A business plan acts as a road map or compass; without it you will get lost in your business.The biggest mistake is simply putting it off.A plan contains a description of your business, an evaluation of your main competitors and several financial calculations.But why are so many people so afraid or intimidated to write these plans of actions?Many new business owners are so over-enthusiastic about their business concept, that they are desperately eager to begin and do not have the patience to Read more [...]

Top 10 Tips for Creating a Winning Business Plan: Improving The Odds

Creating a winning business plan demands a mixture of precise business thinking, art, timing and luck. You need business planning skills and these can be learned. Many excellent books and courses can help you develop a business plan. But creating a business plan that stands out from the crowd, a winning plan, takes more, and achieving this target takes experience- no way of getting around this. Many talented professionals have their business plan preferences and I have my own which I have fine-tuned Read more [...]

3 Business Plans Every Entrepreneuer Must Have

I am mentoring small businesses and I am amazed at the ideas I read from the entrepreneurs I have the pleasure of meeting.Unfortunately, not many have well laid out business plans and most use the Internet for planning.A big percentage of the documents they use from the Internet are impressive, but what they do not understand is that one cannot use a business plan tailored for another region of the world to fully execute his specific business.Business concepts are similar universally, but execution Read more [...]