Up and Running

SEPTEMBER 1, 2020

If you’re starting a business that sells a service, writing a business plan is one of the first steps you need to take. Writing a business plan can seem complicated at first. There are multiple topics you have to cover and you want to impress your readers with a complete plan. What is a service business?

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Up and Running

SEPTEMBER 19, 2018

One of our Bplans writers described going into business in cannabis as a “ once-in-a-generation opportunity ,” with the product rapidly becoming legal for recreational as well as medical use in many states. Write your business plan and develop your business model with this in mind so you can avoid these issues. .

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Up and Running

MARCH 8, 2022

Writing a business plan doesn’t have to be a daunting process that takes weeks or months. Writing a plan just takes a little bit of preparation and a methodology that will guide you through the process, step-by-step. Can you really write a business plan in a day? Business plans can come in many shapes and sizes.

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YoungUpstarts

SEPTEMBER 19, 2017

You might be thinking that a business plan doesn’t make any sense for your small new enterprise. After all you are not planning on trying to get even a bank loan, let alone venture capital. Isn’t that what business plans are really for anyway: raising money? How are you going to be different than you competitors?

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Startup Professionals Musings

NOVEMBER 7, 2014

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans are a waste of time. They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article. You need funding, and plan to get it from friends and family.

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Startup Professionals Musings

OCTOBER 16, 2023

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Forecast sales-volume expectations.

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Up and Running

NOVEMBER 17, 2020

Today, the virtual business model has a radically new relationship with employees. As such, it’s key that your remote team and working environment are now included as part of your business plan. First, do you need a business plan? A business plan also increases your chances of securing capital from investors.

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Startup Professionals Musings

MAY 8, 2016

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

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Up and Running

OCTOBER 23, 2020

Planning is not just about the plan — it’s about the management. And plan vs. actual analysis, also called variance analysis, is essential to better business management. At the heart of it is our favorite quote about planning, from former president and military strategist Dwight D. What is plan vs actual?

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YoungUpstarts

SEPTEMBER 16, 2018

A home-based business should still function in some ways like a bigger firm. They of course need to be agile and adaptable, but home businesses should still have some formalized planning and structure. One area of planning that’s sorely lacking for these types of companies is a plan on protecting data.

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Up and Running

APRIL 9, 2019

Why add a SWOT analysis into your business plan and the strategic planning process? I believe in it because the SWOT phase was vital to my planning process as I grew Palo Alto Software from zero to over $5 million in annual sales. Let me tell you some true stories about SWOT analysis in action, in a real business setting.

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Up and Running

MAY 20, 2019

Writing a business plan can help make sure Office Space doesn’t feel relatable [ source ]. If you’re coming up with a business plan for a new venture, there’s a good chance you can relate to this scene. Business planning reduces hassles and friction. Business planning reduces hassles and friction.

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YoungUpstarts

SEPTEMBER 25, 2023

A business plan is a document that describes your business goals, strategies, market analysis, financial projections, and operational details. The post Crafting A Solid Construction Business Plan: Key Elements And Tips appeared first on Young Upstarts.

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Startup Professionals Musings

JUNE 14, 2013

On a regular basis, I am approached by entrepreneurs who assert that business plans are a waste of time. They cite sources like a recent BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this NY Times article. With bootstrapping, no business plan is expected by anyone.

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Up and Running

OCTOBER 16, 2019

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. . The process of writing your plan is what’s important.

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Up and Running

OCTOBER 16, 2019

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. . The process of writing your plan is what’s important.

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Up and Running

DECEMBER 10, 2019

Don’t make your business plan longer than necessary, and think about the reason you’re writing the plan in the first place. You’re probably going to want to revise your plan regularly, and the shorter your plan is, the more manageable that process will be. Summaries are very important.

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Startup Professionals Musings

MARCH 3, 2023

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan.

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Up and Running

NOVEMBER 6, 2020

Writing a business plan is an important step for any entrepreneur. But, if you’re starting a SaaS busines s, the business plan plays an outsized role because the money required to fuel growth can be much more than you would guess. marketing) and the financial plan. . Customer acquisition plan.

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Growthink Blog

DECEMBER 27, 2017

You need a good idea – and an excellent business plan. Business planning and raising venture capital go hand-in-hand. A business plan is required for attracting venture capital. But how exactly will your business plan persuade investors to sign a check? Hook them on the first page.

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Startup Professionals Musings

DECEMBER 2, 2022

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. I support her assertion that a business model consists of at least the following ten basic elements: Value proposition. Sales/Marketing.

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Up and Running

JANUARY 25, 2018

Every successful ecommerce business needs to begin with a plan. Plus, research shows that people who plan are more likely to be successful. The first step, therefore, is to fill in the details and create a structured approach for launching your online business. Digital businesses need to be agile and reactive too.

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The Startup Magazine

JUNE 19, 2019

While governments and emergency services have their role in preparing, warning, communicating, evacuating, and restoring the areas that are afflicted by a disaster, startup and all business owners must put in place appropriate measures that ensure their enterprise survives a disaster even when government assistance is absent.

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YoungUpstarts

JUNE 6, 2017

Are you looking forward to your first business trip? As your business grows and you continue to travel, you’ll find that this can be an enjoyable experience. Planning your first business trip as an entrepreneur can be a challenge. But something funny happens when the same person hits the road for business.

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YoungUpstarts

OCTOBER 19, 2016

by Tom Hughes, Vice President – Small Business Product Management, AT&T. Businesses, especially small businesses, need to prepare for disasters. . With more than 25% of small businesses experiencing a significant crisis each year, 1 don’t be guilty of the “it won’t be me” mentality. Safeguard business data.

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The Startup Magazine

FEBRUARY 19, 2019

Startups with a solid business plan and great pitch deck have a far greater chance of gaining investment. In this essay by one of Mercia’s Fund Principals, Ian Wilson, Ian talks about the sorts of things he and the team are looking for when plans come to them for review. Writing a plan does not need to be a daunting task.

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NZ Entrepreneur

APRIL 22, 2020

But it has also provided business owners with a unique opportunity that they wouldn’t have had otherwise – reimagine their business with a clean slate. This is an incredibly difficult situation to plan in, with some serious questions to consider. What are your business goals and aspirations for the next year?

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Up and Running

SEPTEMBER 23, 2019

Working on writing your business plan and looking for some tools or resources to make it easier? Some people just want to see a sample business plan , so they can copy the outline, or topics covered, or style, putting in their own content of course. . Business plan template. Sample business plan.

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Up and Running

DECEMBER 11, 2019

Did you know that December is National Write a Business Plan Month? If you’ve been putting off writing your business plan—there’s not enough time, the financials are too complicated—it’s not too late to cross it off your list before the new year. Tell someone you’ve committed to writing your business plan.

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Up and Running

NOVEMBER 6, 2017

Financial contingency planning is a must—not just for established small businesses, but also for businesses in the earliest stages of formation. But unexpected situations can interrupt the launch of a business and disrupt normal operations. What is a financial contingency plan?

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YoungUpstarts

OCTOBER 4, 2021

As a business owner, fitting in time for estate planning to your to-do list should be a top priority. Here's what to pay special attention to in an estate plan. . The post Estate Planning For Business Owners appeared first on Young Upstarts.

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Up and Running

FEBRUARY 14, 2017

If you’re serious about opening a restaurant, you’ll have to draft up a formal and accurate business plan to pitch to banks, investors, and even potential employees. I won’t lie—writing a formal business plan isn’t exactly a breeze. You can set a clear vision for your restaurant’s path to success with a business plan.

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Startup Professionals Musings

JANUARY 31, 2021

If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan. A great business plan doesn’t have to be a book in length, with extensive financial statements. I hope not.

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Up and Running

AUGUST 30, 2017

Working out a business plan for your daycare center can be a challenge. 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. What is your business model? Who is your target market ?

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Up and Running

AUGUST 28, 2018

Private practices can be lucrative, although it requires you to spend time building relationships with patients while also attending to all business processes that are part of running your practice. If you’re thinking about starting an outpatient medical practice, one of the first things you should do is write a business plan.

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YoungUpstarts

JULY 23, 2021

There are many people who create very good business plans, have some brilliant ideas and have high work ethics, but don’t live out their business ideas. The post Reasons To Live Out Your Business Plans appeared first on Young Upstarts.

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Up and Running

AUGUST 8, 2018

This article, which originally appeared on our LivePlan Blog , is part of our “Business Planning Guide” —a curated list of our articles that will help you with the planning process! This meeting is our monthly plan review meeting. For us, business planning isn’t just a one-time or annual event.

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