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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. Start your lean business plan today: Download our Free Lean Plan Template one-page-pitch-download.pdf. I’m going to start with what’s a lean business plan.

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Do You Know How Your Business Is Doing and Where It’s Going?

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Recently, Barbara Corcoran , entrepreneur and Shark Tank judge, shared some of her insights on small business. Tim Berry, founder of Palo Alto Software and Bplans, asked, “What’s the best way for entrepreneurs to demonstrate that they’ve thought through the essential aspects of their business, especially the financials?”.

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What Type of Business Plan Do I Need?

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And also, what real business owners want—lean business plans for better management. All businesses start with a lean plan. So, every business is better off with a lean plan. It’s not explanations; it’s reminders, for the entrepreneur and her team, of the major strategy points. That is what we call lean business planning.

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10 Things the Bank Will Ask When You Need a Business Loan

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I was really disappointed when I needed my company’s first commercial bank loan to finance receivables of more than $1 million—from well-known distributors no less—and we ended up having to sign a lien on our family home to get the loan. See Also The Complete Guide to SBA Loans. Do you find this daunting? Collateral. Business plan.

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8 Alternative Funding Options for Small Businesses

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Simply put, alternative funding is gaining financing for your company outside of traditional bank loans to gain capital. To help you find the best funding to fit your needs, read on for the top 8 alternative financing options. SBA and small business lending funds, for example, act as alternatives to typical bank loans. .

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8 Steps to Starting Your Own Business

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Be sure to take our quiz to find out if you’re entrepreneur material , too. If you will be seeking outside financing, a business plan is a necessity. Depending on the size and goals of your venture, you may need to seek financing from an “angel” investor or from a venture capital firm. Analyze your industry. Pablo Picasso.

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34 Educational Resources for Aspiring Entrepreneurs

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This list is broken into categories and is meant to be a one-stop-shop for aspiring entrepreneurs. But here at Bplans, we make an effort to provide entrepreneurs with the resources they need to start and run successful businesses. The SBA has several loan programs for startups. Business USA Finance Wizard. Turn to SCORE.