Remove Forecast Remove Hiring Remove Small Business Administration Remove Software Review
article thumbnail

4 Startup Funding Challenges and How to Overcome Them

Up and Running

Funding is crucial for improving technology, hiring the right people, and launching a comprehensive marketing strategy to get a foothold in the market. From jewelry to dog food to SaaS (software as a service) products, startups are popping up in virtually every field around the world, despite the risks. Spend wisely on tech.

SBA 84
article thumbnail

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

Up and Running

Take a moment and step back to review the business plan that you worked so hard on. 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. Evaluate technology needs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

How to Form a Corporation

Up and Running

It’s common to feel a bit lost or overwhelmed at this stage, but with this guide, you’ll gain confidence in your ability to create your new business entity and get back to the work you love. We’ll review some new language and concepts in this process, but once you’re done, you may never need to think about this stuff again. .

article thumbnail

Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

You want to review all the different components of your business model. 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?

article thumbnail

8 Steps to Starting Your Own Business

Up and Running

If you’re selling enterprise software, this may require a significantly larger investment than a coffee shop. In fact, the business plan does not have to be a formal document at all if you don’t need to present your plan to outsiders. Small Business Administration (SBA) Loans. Hiring staff. Credit cards.

article thumbnail

How to Start a Brewery: Growing Your Own Craft Beer Business

Up and Running

Most small businesses and startups that are looking to grow— hire a new employee , or buy a new piece of equipment, or open a new location —need to think hard about cash flow, or making sure they have enough money in the bank to meet payroll and other financial obligations. Review your business plan regularly.

Oregon 24