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You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

The details within those pages will remind you of the spending strategy you outlined to get your business off the ground. Look closely at your cash flow forecast so that you can spend accordingly. Create a backup plan. It is the goal of any new company to reach, at the very least, the break-even point in the first fiscal year.

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4 Startup Funding Challenges and How to Overcome Them

Up and Running

Innovative products and business models are the foundations of a promising startup. Funding is crucial for improving technology, hiring the right people, and launching a comprehensive marketing strategy to get a foothold in the market. It is not possible to chalk out how you are going to spend the money without having a business plan.

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6 Reasons Your Small Business Will Fail (And How to Avoid Them)

Up and Running

According to Small Business Administration research , only half of new businesses survive for the first five years and only one-third of new businesses are able to survive for 10 years. We can also conclude that about 65% of new businesses don’t make it to the ten-year mark. Rapid Growth and Over-expansion.

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How to Form a Corporation

Up and Running

Also, creating a quick lean financial forecast will help ensure your business idea is viable and financially sound. In addition to those two types of hired help, you can get free guidance and support from a local SBDC consultant. Your choice here is to either hire an agent or be your own. Small Business Administration: .

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Business 2015 - Optimism, But Upgrade Your Strategy

Startup Professionals Musings

Growth is projected to continue at a 3 percent rate, consumer confidence is gaining strongly, hiring is on the rise, and job openings are at a near record level. Fight for More Government and Policy Support: Small businesses now believe they have played a key role in the U.S.

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. What criteria will you use in hiring staff? Future potential situations such as a buyout, selling the business, and so on.

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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.

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