article thumbnail

How to Write a Business Plan for an Outpatient Medical Practice

Up and Running

Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary. Team: Who is on your management team? Here’s a brief example: The problem : There is a lack of affordable pediatric and gynecological care available in coastal areas of Lane County, Oregon. This is your value proposition.

article thumbnail

The Art of Good Inventory Management

Up and Running

Inventory management is the art of knowing what to carry, when to buy it, who to buy from, where to keep it, and how much to spend on it to achieve profits. First, develop a forecast: What inventory is needed for each cycle of business over the next year? Research industry trends and talk to customers to forecast future demand.

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 Small Business Development Centers (SBDCs) Can Help Your Business

Up and Running

Each SBDC offers slightly different services, but a typical SBDC will have free and confidential business advising, business management classes, and entrepreneurial workshops. Many centers also offer access to LivePlan , a business planning software with budgeting, forecasting, and benchmarking capabilities. Business planning. “The

article thumbnail

One Little Ice Cream Cart That’s About to Have Big Growth

Up and Running

Beginning as a small red cart in Eugene, Oregon, today Red Wagon Creamery has a downtown storefront, local retail distribution, and online ordering. We wanted ice cream that we make from scratch,” Emily says, “to showcase local, Oregon dairy, and using local, seasonal fruit, berries, and produce.”.

Oregon 60
article thumbnail

How to Balance Cash Flow in a Seasonal Business

Up and Running

The key to success in a seasonal business is management of cash flow. A good cash flow forecast will help with analysis of funds available and costs throughout the year. Management of inventory is another critical tool. Some expenses can be structured so they fit the revenue available for the season. Accounting Strategy'

Oregon 104
article thumbnail

How to Write a Business Plan for an Artist’s Business

Up and Running

I’m in favor of whatever works for you and in awe of people who actually manage to combine talent, passion, and hard word to make that work for them as a way of life. If you’re a performer, I assume it’s about gigs, managers, and that stuff. Although a lot of people fear forecasts, don’t. Milestones and metrics. What went right?

article thumbnail

The 7 key components of a perfect elevator pitch

Up and Running

There are no good Chinese restaurants in Eugene, Oregon.”. It’s more important to understand that you have gaps in your management team and that you need to hire the right people. Financial Summary - For a great pitch, you don’t necessarily have to show a detailed 5-year forecast.