Starting a Business

Sorted by:  

How to Define Operations in Your Business Plan

In the lineup of key business capabilities in your business plan, the term operations describes the processes and resources that you use to produce the highest quality products or services as efficiently [more…]

Three Ways to Change Your Business Plan Focus

Don’t wait until your business is upended by change before you refocus your business vision. Stay proactive by annually assessing how well your product, location, distribution, staffing, and operations [more…]

Focus Your Business Plan on Strengths

While flexibility and creativity are important, staying focused on the heart of your business plan is critical to your success. No company can be all things to all people. In fact, companies that try to [more…]

Business Marketing Plan Overview

Your business plan sells your company — to investors, lenders, partners, key employees, and associates — whereas your marketing plan tells how you plan to sell your products. Because selling your products [more…]

Essential Elements of a Business Marketing Plan

Marketing is one of the top issues on the minds of most CEOs, entrepreneurs and small-business owners. In fact, most business advisors and investors consider marketing the one area that can make or break [more…]

Sample Business Plan Income Statement

An income statement summarizes your revenue and costs and shows your net profit in your business plan. Take a look at how a gift shop called Broad Street Emporium uses income statements to manage business [more…]

Business Plan Cash-Flow Statement: Changes in Cash Flow

As you assemble the cash-flow statement for your business plan, you’ll probably notice that many of the entries are based on numbers from your income statement and your balance sheet. That’s because your [more…]

How to Build a Strong Foundation for Your Small Business

Even a sole proprietorship needs a business plan. Being self-employed or running a small business on your own can be very rewarding, but only if you take it seriously. Owning your business isn’t a hobby [more…]

How to Develop a Business-Planning Network

When you’re self-employed, business relationships you establish outside your company can be like lifelines. Your one-person company won’t have a business team to bounce ideas off of or to share concerns [more…]

Business Forecasting: Planning for a Rainy Day

Without a financial forecast, your business plan is incomplete. The three basic parts of your financial forecast should include your pro forma income statement, estimated balance sheet, and projected cash-flow [more…]

Small-Business Recovery Planning: Assessing the Current Situation

To begin developing a plan to get your troubled business back on course, you first have to know exactly where you stand — with an emphasis on the word [more…]

Add an Internet Presence to Your Existing Business

There are very few companies that don’t already have at least some level of online presence, even if it’s just a company contact website — which is like an online Yellow Pages ad — or the ability to send [more…]

Social Networks and Viral Marketing in Your Business Plan

These days, anyone with a silly pet video can make a bundle on the Internet. Websites and even single items of web-based content strike gold when one person sends a link to ten friends, and those ten friends [more…]

Develop a Budget for Your Online Presence

Estimating and budgeting costs for website presence is notoriously difficult because every site is different, with its own features and unique challenges. Creating an online presence is a lot like remodeling [more…]

Nonprofit Business Cash Reserves

Just like for-profit companies, nonprofits need cash reserves, a cushion of cash or other liquid assets on hand. The question is, how much? The answer depends largely on the nature of your nonprofit’s [more…]

Online Business Planning Issues

The only thing that anyone can say about the Internet with any certainty is that it’s changing, and changing fast. How can you plan your online business in such an environment? Whether you’re starting, [more…]

Online Business Planning: Basic Principles

It’s easy to think the fundamental rules of business planning and operation have changed with the rise of social networking, apps, smart phones that do everything but prepare dinner, music and books delivered [more…]

Pitfalls of Online Business Planning

You can avoid some of the pitfalls of online business planning because they've already been identified by some early online-business adventurers. As they forged the path into the world of e-business, they [more…]

Tips for Funding Your Online Business

A written business plan is an absolute must for an Internet venture. In fact, if you’re seeking funding, you’ll have a hard time finding a serious investor who will even let you past the receptionist without [more…]

Business Financing Terminology

People in the world of business financing talk a language all their own. When you enter the world of VCs and angels, you need a glossary of jargon to know to talk the talk. [more…]

Business Planning in an Online World

A good online-business plan must try to forecast the future — and present options in case that forecast doesn't come to pass. A smart strategy must try to take full advantage of existing web-based applications [more…]

Online Business Value-Proposition Development Worksheet

By understanding the needs of your customers and the value that your e-business offers (the value proposition), you can communicate to your customers that you have what they want to buy — and what they’re [more…]

Recommended Resources for Business Planning

As you put your business plan together, you may discover that you need some additional tools — a book devoted to marketing, for example. You can find dozens of useful titles in the marketplace — particularly [more…]

Ten Ways to Fund Your Business Plan

A great idea sparks most business start-ups, but money is the fuel that keeps those start-ups running. Even if you’re launching a one-person freelance business, chances are you need cash to get off the [more…]

10 Ways to Evaluate a New Business Idea

Every business venture starts with an idea. That idea may be as simple as opening a shop that features local artwork or as complex as creating a new biotechnology company. Either way, your success depends [more…]

Sign Up for RSS Feeds

Small Business & Careers