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The Latest Questions Small Businesses Are Asking

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A venture feasibility study analyzes an idea from several perspectives: market opportunity, competition, resources available, resource gaps, financial viability, operational issues, intellectual property rights, development timeline and technology needs. Lenders make decisions based on customer ability to repay the loan. Census Bureau.

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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. It’s all about making your business life easier, doing what works best, getting the best results by tracking what works and always improving.

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How to Form a Corporation

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Consider finding and working with a CPA and a lawyer. Having these experienced brains reviewing your business plan can help ensure you don’t waste time and money on what is really a cool hobby or rewarding social venture masquerading as a great business idea. Decide on your business location. In that case, use it!

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How to Open a Marijuana Dispensary

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Considering the money you will spend opening a dispensary, trying to operate one illegally is not worth the risk. See Also: Know Your Industry Before You Start Your Business. The dispensary business is rife with legislation and regulation. Step 4: Write a business plan. Write a business plan,” he says.

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Do You Have a Hobby or a Business?

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And they serve as the first step in developing SMART Goals , which can help ensure that you actually develop strategic steps to make your fledgling business a success. Create a Lean Business Plan. Establishing goals also opens the door to develop a Lean Business Plan. Reach out to current customers.

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Entrepreneurial Profile #2: The Expert

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Sue originally went to school to be a CPA. Sue valued keeping a tight fist around the company’s finances, operations and business development. That doesn’t mean the law firm didn’t serve other customers. They focused their messaging, marketing and plans around the customer they loved working with.

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How to Become Your Own Boss in 2015 (Webinar Recap)

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I’m also going to walk you through developing your marketing plan because I see too many people, they focus on their logo, they focus on their location, they focus on their invitation to their grand opening event and if their life depended on it could not tell you who their niche target customer is. What do I mean by that?