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How to Forecast Sales

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First, allow me to deal with a very common problem: Business owners are often afraid to forecast sales. I was a vice president of a market research firm for several years, doing expensive forecasts, and I saw many times that there’s nothing better than the educated guess of somebody who knows the business well.

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How and Where to Write About Technology in Your Business Plan

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Often, a business plan introduces a new technology that requires some explaining. On one hand, as a reader of business plans for investors, I see way too many business plans that ask a reader to wade neck-deep through technology to get to the business. It’s a business plan, not a term paper or thesis.

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Lean Business Planning with Tim Berry [VIDEO]

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We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. It’s all about making your business life easier, doing what works best, getting the best results by tracking what works and always improving.

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14 Tips for Starting a Successful Business

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With this information, you can forecast the viability and profitability of the business. While you may be enamored with becoming an entrepreneur and bootstrapping your business, don’t quit your day job. Just be sure that you have a backup plan if your business idea fails to gain traction. Prepare a business plan.

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What to Expect When Developing an App in 2021

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In this article, we will talk about the trends and the cost of mobile app development with a forecast for 2021. Today, everything is connected to the web that creates data to be utilized and exploited using IoT-powered mobile apps. What metrics are you tracking? To compete in the market, you need to keep up with trends.

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Post-Crisis Digital Trends That Will Reshape Your Business in 2020

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Cutting costs , revisiting forecasts , and stabilizing your business. You’re not forgetting it or avoiding the practices that have saved your business so far. While AI helps businesses make sense of their data, the Internet of Things (IoT) helps capture and deliver data from a plethora of interconnected devices.

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How to Write a Business Plan for an Artist’s Business

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“But how can I write a business plan? ” He was one of my favorite students in the class I used to teach on starting a business. You don’t plan to pay your rent and other expenses? How you make money is at the heart of an artist’s business plan. Milestones and metrics. I’m an artist.”