Remove Business Plan Remove Hiring Remove Sales Remove Small Business
article thumbnail

8 Reasons Having a Business Plan Is Important for Small Businesses

Up and Running

Do you really need a business plan? Can’t you just wing it and skip the whole planning process? If you’re asking a bank, angel investor, or venture capitalist for funding, they’re going to want to know that you have a good handle on your small business’s trajectory. . Having a business plan minimizes your risk.

article thumbnail

8 Reasons Having a Business Plan Is Important for Small Businesses

Up and Running

Do you really need a business plan? Can’t you just wing it and skip the whole planning process? If you’re asking a bank, angel investor, or venture capitalist for funding, they’re going to want to know that you have a good handle on your small business’s trajectory. . Having a business plan minimizes your risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. Executive summary. Buyer persona.

article thumbnail

Why Your Small Business Should Focus on Younger Customers

Up and Running

Targeting is a core concern for small businesses. But there’s an audience segment that every small business (at least, those that don’t focus on age-related products like stairlifts) should target: young people. You’ve heard all the sales pitches and lofty claims before, and you’ve developed a snap reaction of disbelief.

article thumbnail

How To Take Your Small Business To The Next Level

YoungUpstarts

Running a small business is a rewarding career but can also be quite challenging of a job. There are a few ways in particular that you can take your business to the next level and win over more customers. There are a few ways in particular that you can take your business to the next level and win over more customers.

article thumbnail

Financial Management: 7 Steps To Getting Your Small Business Debt-Free

The Startup Magazine

The Federal Reserve found that 70% of small businesses have unpaid debt, with 21% registering $25,000 to $100,000 in debt, according to Fundera. Interestingly, debt can significantly boost business growth. Whether you are new in business or an established entrepreneur, you need to be diligent with your finances.

article thumbnail

4 Reasons Small Businesses Fail

YoungUpstarts

Most entrepreneurs start a new business with dreams of success, but the unfortunate fact is that too many of them fail. Census Bureau showed the reality in hard terms – 400,000 small businesses opened and 470,000 SMBs closed their doors just last year. Small Business Administration. LendingClub Inc. ,