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How to Plan a Business Expansion Using Your Business Plan

Up and Running

A good business plan is critical to starting a successful business. Creating a plan for business expansions is no less essential. And using your business plan template to develop an expansion plan increases your odds of success and allows you to avoid bad investments.

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How to Write a Business Plan

Up and Running

You’ve reviewed what a business plan is , and why you need one to start and grow your business. It’s time to dig into the process of actually writing a business plan. In this step-by-step guide, I’ll take you through every stage of writing a business plan that will actually help you achieve your goals.

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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Michael Majeed is quick to note the vast numbers of new startups that launch each year on the Canadian landscape, and he’s keenly interested in helping young business owners make the most of their opportunities, especially when it comes to their finances. An accountant by background, he enjoys helping clients receive substantial tax refunds.

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Key Budgeting Trends to Avoid and Implement in 2022

Up and Running

Effective budgeting plays an integral role in small business success. Creating a financial plan enables companies to predict expenditures and create an effective plan for incoming revenue. According to research, 82% of businesses fail due to poor cash flow management. Failing to track your spending.

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6 Mistakes to Avoid When Writing Your Restaurant Business Plan

Up and Running

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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How to Forecast Personnel Costs in 3 Steps

Up and Running

Payroll often makes up a large portion of a business’s expenses, so it’s important to spend some time working on this portion of your forecast. But, if you’re just starting out or are working on a business plan for a new idea, you probably don’t have anyone on the payroll yet and maybe don’t even know what your staffing plans are.

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Lean Business Planning with Tim Berry [VIDEO]

Up and Running

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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