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8 Things You Need To Start a Business During a Recession

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Recessions, or even a volatile market like we’re currently experiencing due to COVID-19 , are difficult times. There’s a great amount of uncertainty, people losing their jobs, and a direct hit on cash flows that can place businesses in dire straights. But it doesn’t have to be all bad. . Better credit options.

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Tips for Writing a Successful Business Plan for a Daycare Center

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Working out a business plan for your daycare center can be a challenge. Projected enrollment growth and market demand can also be tricky to estimate. As someone who owns eight successful daycares in the Chicago area, I know the strategies and approaches that work when it comes to developing a sound business plan for a daycare center.

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The Importance of Burn Rate and Cash Runway

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In normal times, you can have fairly straight forward expectations about how business is going to work and how customers are going to behave. This is where forecasting and budgeting are crucial for the survival of your business. You’ll need to create multiple sales forecasts and expense budgets to explore different scenarios.

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8 Steps to Starting Your Own Business

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This article is part of our “ Business Startup Guide ”—a curated list of our articles that will get you up and running in no time! People often ask us for a list of steps they can use to start their own business. From business type to business model to physical location, there are so many variables! Three years?

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Lean Business Planning with Tim Berry [VIDEO]

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We’re looking at our lean business planning is about strategy, tactics, concrete specifics including milestones, metrics, tasks and schedule, and essential numbers to run a business, all of which lead to managing cash flow. That’s the sales forecast, the spending forecast and the cash flow.

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Working for Equity Instead of Cash

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Small Business Labs. Tracking and Forecasting the Trends Impacting the Future of Small Business. Welcome to Small Business Labs. Small Business Labs, from Emergent Research , covers the key social, technology and business trends impacting small business. Small Business Blogs. Emergent Research.

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The 7 key components of a perfect elevator pitch

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Solution - Too many entrepreneurs start with a solution: a product or service that they think the market needs without first identifying the problem they are solving. Target Market - As you define the problem you are solving, you should naturally be thinking about the potential customers who have this problem.