Up and Running

AUGUST 28, 2018

If you’re thinking about starting an outpatient medical practice, one of the first things you should do is write a business plan. There are a few different types of business plans , depending on how you intend to use it. There are a few different types of business plans , depending on how you intend to use it.

Business Plan 72

Business Plan Technical Review Exit Strategy Oregon 72

Up and Running

APRIL 22, 2020

Maintaining your business through the coronavirus crisis has likely led you to cut costs, revise your sales projections, and potentially seek out a loan to help you stay afloat. Many startups are small, local businesses with hopes of eventually rapidly scaling—but they’re still establishing a track record. Risky industry.

SBA 139

SBA Forecast Software Review Business Plan 139

Up and Running

MAY 28, 2015

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.

Lean 60

Lean Business Plan Video Software Review 60

Up and Running

SEPTEMBER 29, 2022

Just be sure that you have a backup plan if your business idea fails to gain traction. This could be something simple like being prepared to seek out short-term employment or reexamining your business structure and trying again. Prepare a business plan. Recommended Reading: How to Write a Business Plan in 7 Steps.

Forecast 154

Forecast Software Review Bootstrapping Finance 154

Up and Running

MARCH 4, 2022

The number fluctuates from year to year with businesses coming and going. If you want to remain profitable and thrive, you must have a plan to move forward. . A business plan does far more than help secure venture capital when you’re starting out. You’ll use a strong business plan throughout the life of a company.

Business Plan 117

Business Plan Revenue Small Business Administration United States 117

The Startup Magazine

MAY 11, 2020

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. If you are struggling with settling your dues, it is essential to find effective strategies to get your business out of debt. Revise Your Budget.

Software Review 105

Software Review Small Business Management Bankruptcy 105

YoungUpstarts

MAY 23, 2018

Finances are a huge part of startup success or failure, but while a lack of funds is a significant problem, it’s usually not the biggest problem. Sometimes, it’s the lack of a proper business plan that really hurts the startup. Often, founders have an entrepreneurial mindset.

Due Diligence 133

Due Diligence Startup Finance Leadership 133

Up and Running

MAY 30, 2022

One of the most important things you can do to increase your chances of success is to have a business plan. From attracting potential investors to keeping your business on track—a business plan helps you to achieve important milestones and grow in the right direction. And it’s not just for startups.

Business Plan 150

Business Plan Balance Sheet Revenue Metrics 150

Up and Running

APRIL 11, 2012

Bill Payne had a nice post on gust.com late last month titled Using your business plan , in which he lists the different forms or outputs people confuse with a business plan and sets each one into the proper use context. Do not hand investors your business plan when you first meet them.

Business Plan 85

Business Plan Elevator Pitch Technical Review Due Diligence 85

Startup Professionals Musings

APRIL 22, 2023

Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. This question gets to the heart of what bank financing is and isn't supposed to accomplish. Management with a strong track record.

Equity 303

Equity Silicon Valley Finance Early Stage 303

Up and Running

JUNE 30, 2020

Many small business financing options feel as though they have evaporated in the wake of the crisis caused by COVID-19. 2020 Will Be An Interesting Year For Small Business Financing. As a general rule, there are three questions lenders need answers to, which will be difficult for many businesses to answer today: 1.

Finance 136

Finance Forecast SBA Small Business 136

Up and Running

NOVEMBER 5, 2018

This article is part of our Business Startup Guide —a curated list of our articles that will get you up and running in no time! What will it cost to start that business? Many people underestimate startup costs and start their business in a haphazard, unplanned way. What are startup costs?

Cost 150

Cost Balance Sheet Startup Intellectual Property 150

Startup Professionals Musings

APRIL 11, 2022

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. Every business needs revenue to provide investor returns and offset costs. Free” is not an attractive revenue model to investors.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

Startup Professionals Musings

MARCH 25, 2023

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Valuation 235

Valuation Revenue Viral Retention 235

Startup Professionals Musings

NOVEMBER 28, 2013

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. I’m sure all you accountants will agree that fixing the mistakes listed here does not require rocket science, but I’ve seen them so often that to be forewarned is to be forearmed: Failing to factor in fixed costs when pricing.

Technical Review 251

Technical Review Entrepreneur Salary Finance 251

Tim Keane

MARCH 9, 2011

How to prepare a sales forecast for a business plan » March 09, 2011. How should I finance my new venture? It’s a deceptively simple question:  what is the optimal way to finance a new startup? Business success is the ultimate goal. 2]   Aligning interests in structure: cost and risk.

Finance 83

Finance Bootstrapping Startup Equity 83

Startup Professionals Musings

OCTOBER 20, 2012

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. I’m sure all you accountants will agree that fixing the mistakes listed here does not require rocket science, but I’ve seen them so often that to be forewarned is to be forearmed: Failing to factor in fixed costs when pricing.

Technical Review 273

Technical Review Startup Finance Cost 273

Up and Running

JULY 28, 2022

Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. In addition, it should have a place of business and not be dominant in its field of operation. Open a business bank account.

Small Business 167

Small Business Intellectual Property Cofounder Software Review 167

Startup Professionals Musings

AUGUST 10, 2014

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Both have worked.Google reached $1 billion in revenue within five years of incorporation, and now has a market capitalization of over $400 billion. A business only achieved critical mass by becoming cash-flow positive.

Revenue 246

Revenue Entrepreneur Valuation Viral 246

Up and Running

NOVEMBER 18, 2021

Cash flow issues are the second most common reason for small business failure. Cash flow can weaken for many reasons, including poor sales and high costs. The third most common reason for small business failure is the wrong team. No small business will be successful if it doesn’t make a profit.

Forecast 84

Forecast Europe Small Business Demand 84

ReadWriteStart

JUNE 1, 2020

Funding might be a need in some cases — but it’s not an absolute necessity. ? The business should be self-sustainable. The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. Incubators and Accelerators.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

Up and Running

MARCH 14, 2018

Have a well-thought-out business plan on-hand to share, so investors can read more if they’d like to. The intention, after all, is that you deliver a powerful pitch, and by the end, their hands are out asking for either your executive summary or your complete business plan. Your revenue or business model.

Hockey Stick 164

Hockey Stick Exit Strategy Technical Review Angel Investor 164

The Startup Magazine

JULY 1, 2019

In their study, they found that most businesses fail due to poor understanding of cash flow and lack of a well-developed business plan. While hiring a CPA may be quite costly for a startup that is yet to establish a footing in the business world, it does have its own benefits. Image Credit: Ross Williamson | Flickr.

CPA 70

CPA Software Review Bankruptcy Early Stage 70

Growthink Blog

NOVEMBER 10, 2017

Below are our top 20 reasons why you need a business plan. Reference our proven business plan template to most quickly and easily complete your plan. To prove that you’re serious about your business. To establish business milestones. Creating the business plan forces you to analyze the competition.

Business Plan 128

Business Plan Private Placement Exit Strategy Finance 128

Startup Professionals Musings

JUNE 26, 2016

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $400B. A business only achieved critical mass by becoming cash-flow positive. Both have worked.

Revenue 145

Revenue Valuation Startup Viral 145

YoungUpstarts

MAY 14, 2018

Think of financing an acquisition as an exercise with two parts that work in concert: 1) structuring a desired deal with a suitable target and 2) obtaining the funding. Value the target acquisition as a standalone business first. Working Capital : Identify the additional working capital required to achieve your plan’s objectives.

Acquisition 124

Acquisition Finance Raleigh Mezzanine 124

YoungUpstarts

SEPTEMBER 4, 2016

This integral element of most businesses is woven through every aspect of operations. From manufacturing to sales to finance, the supply chain routinely fails to command the respect it deserve. On an elementary level, this translates into efficient manufacturing at a lower cost. Don’t Forget the Hidden and Indirect Costs.

Management 145

Management Forecast Los Angeles San Francisco 145

Up and Running

APRIL 30, 2020

Does that impact your business? Financing options: Can I get an emergency payroll loan? What will be the cost of letting somebody go when it includes recruiting and retaining a replacement later when the economy recovers? Maybe you, the business owner are responsible for this or maybe you entrust it to somebody on your team.

Forecast 120

Forecast Balance Sheet Burn Rate Software Review 120

Startup Professionals Musings

DECEMBER 13, 2021

In my view, practical business courses in school are better than an advanced degree or MBA. A breadth of understanding of common business principles , such as management, personnel and finance, is more important than a depth of knowledge in any specific area. Write a business plan for your first startup.

Entrepreneur 339

Entrepreneur Stealth Social Network Business Plan 339

Startup Professionals Musings

JULY 16, 2012

Seed-stage means promising companies that don’t yet have a revenue stream, and may not yet have a proof of concept. Since the economic downturn started, neither angels nor VCs have given much attention to startups without a product and a revenue stream. For VCs, early-stage means customer revenue is less than $10M. Super Angels.

Early Stage 253

Early Stage Finance Seed Stage Entrepreneur 253

Up and Running

OCTOBER 12, 2017

Do you have a plan? When Corcoran suggests you need to “…have a complete understanding of your company’s…prospects,” she’s alluding to a business plan and the potential your business has for future growth. What’s more, a formal plan doesn’t necessarily mean cumbersome. Do you regularly review your plan?

Metrics 128

Metrics Software Review Forecast Small Business 128

Up and Running

SEPTEMBER 11, 2014

In case you haven’t heard of the website before, it allows you to register and hire professional consultants with top-tier qualifications, at a fraction of the cost you might otherwise have to pay, and in a fraction of the time. They emailed billionaire investor Mark Cuban, asking him for financing. Enter grant competitions.

Cofounder 137

Cofounder Green Small Business Administration Business Plan 137

Up and Running

MAY 16, 2017

You may have a sudden, overwhelming desire to spend to your heart’s content, but it is important to act responsibly and follow the spending plan laid out in your business plan if your business is to survive its critical early years. Take a moment and step back to review the business plan that you worked so hard on.

Technical Review 82

Technical Review SBA Small Business Administration Software Review 82

Startup Professionals Musings

JULY 13, 2019

An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. Every business needs revenue to provide investor returns and offset costs. Free” is not an attractive revenue model to investors.

Intellectual Property 250

Intellectual Property Business Model Angel Investor Channel 250

Up and Running

JANUARY 2, 2013

Have a well thought out business plan on hand to share, so investors can read more if they’d like to. The intention, after all, is – you deliver a powerful pitch, and their hands are out asking for either your executive summary or your complete business plan. How much will it cost?

Hockey Stick 164

Hockey Stick Exit Strategy Technical Review Due Diligence 164

A Smart Bear: Startups and Marketing for Geeks

DECEMBER 21, 2009

In the last post I beat you to death about ditching your business plan but failed to provide an alternative. If you had zero revenue from now on, on what date would you run out of money? Finally, knowing "The day my business could die" helps focus your attention on activities that bring in revenue.

Startup 315

Startup Revenue Cofounder Sales 315

YoungUpstarts

JULY 20, 2016

In order to make a splash in their industries, startups need a healthy flow of working capital and, when you’re just trying to get established, it’s often impossible to access a sustainable flow of working capital through revenue alone. In lieu of obtaining a bank loan, many startups use personal or business credit cards.

Startup 100

Startup Technical Review Small Business Administration Revenue 100