Remove Employee Remove Forecast Remove SBA Remove Small Business
article thumbnail

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

Up and Running

Whether you’re simply trying to scale your business or seeking equity investment, having a plan is key. . Recently, Barbara Corcoran , entrepreneur and Shark Tank judge, shared some of her insights on small business. Regular planning helps businesses to take advantage of opportunities within their markets.

Metrics 128
article thumbnail

8 Things You Need To Start a Business During a Recession

Up and Running

There’s a great amount of uncertainty, people losing their jobs, and a direct hit on cash flows that can place businesses in dire straights. Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Manage Cash Flow in a Crisis

Up and Running

And we business owners need to make sure that our businesses not only survive this crisis but find ways to thrive. For small businesses, cash flow management in a crisis is absolutely vital. It can mean the difference between stabilizing your business or falling behind. You have options: Freeze hiring.

article thumbnail

Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

For detailed information on the size of your primary market, there are helpful resources such as this market research guide from the US Small Business Administration. In addition to analyzing your market, note your pricing structure, gross margin levels, and other nuts and bolts of your business model. Projected costs.

article thumbnail

Practical Market Research Resources for Entrepreneurs

Up and Running

Small Business Administration – SBA. Small Business Development Center – SBDC. Census Cendata: This page has a menu of available reports that include reports on different manufacturing industries, county-specific economic surveys, business patterns for a specific ZIP code and others.

article thumbnail

The Importance of Burn Rate and Cash Runway

Up and Running

It doesn’t matter if times are good or bad, cash is always the lifeblood of any business. You need cash in the bank to operate, to pay employees, and to keep the doors open. If you’re out of cash, you’re out of business. This is where forecasting and budgeting are crucial for the survival of your business.

Burn Rate 100
article thumbnail

How to Start a Construction Company

Up and Running

But once you have a solid construction company business plan and know the direction you want to take, you can start your own construction business. Small Business Administration (SBA) have pointed out, construction is a high-growth industry right now and is expected to remain strong for years to come.

SBA 60