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Extremely Valuable Tips for Creating a Financial Forecast During the Early Stages of an Entrepreneurial Journey

Up and Running

Creating financial forecasts and budgets are not typically how many entrepreneurs envision spending their time, but these tools are incredibly necessary. An accurate and thoughtful forecast can be time-consuming, but it will help you to make informed decisions regarding staffing and growth, and it will help you attract investors.

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The Ultimate Guide to Starting a Software Company

Up and Running

Since the term “cloud computing” was coined in 1996—at least as we have come to understand its meaning—the software as a service industry has exploded. If you use software like LivePlan, you can create this initial “lean plan” in under an hour and then spend your time where it really matters—on validating your idea. The business model.

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How to Create a Market Penetration Strategy — 2021 Guide

Up and Running

Keeping track of this measurement and noting any positive or negative changes can help inform your return on investment for any marketing or sales campaigns. To stay up-to-date, it’s best to review this measurement before and after a campaign to gauge performance. Market penetration explained. Price adjustments.

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Completing your first capital raise: ten lessons for startups

NZ Entrepreneur

Kiwi inventory forecasting software StockTrim achieved international sales in the UK, Australia and US immediately after launching in 2017. You may have to give up to 100 presentations – so condense your message. There is only so much you can get in a ten slide, five minute presentation!

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5 Ways to Improve Your Business Financial Management

Up and Running

Ongoing financial planning and forecasting are critical for business growth. Many of these solutions can also prepare tax forms or integrate with tax prep software. If you are firmly against using any sort of accounting software, you should still be tracking things in spreadsheets so you can generate simple reports.

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14 Tips for Starting a Successful Business

Up and Running

Download our free Startup Checklist and review the complete guide for starting a small business. With this information, you can forecast the viability and profitability of the business. According to a report from the Harvard Business Review , entrepreneurs who plan are 16% more likely to achieve viability. Track finances early.

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10 Things I Hated About Your Business Pitch

Up and Running

With that in mind, I’ve recently reviewed an early post, and updated the 10 things I hate most when they come up in business pitches. Read Resonate , or Presentation Zen , or just at least the blog post Really Bad Powerpoint. Rarely, some new innovative businesses will get to 20 percent profits to sales. Your pitch was boring.