3 Objectives of a Successful Business Plan

In your opinion, what makes a business plan standout above all the others? The one that actually works stands out! A business plan has 3 important objectives: Confirm that your idea is a profitable and doable business concept. Attract investors if needed. Lay out your...

“95% of Businesses FAIL.” What Does that Mean?

When they say 95% of businesses fail, what do they mean by that? Does it mean they went bankrupt? They didn’t earn any money? This statistic constantly changes, but the commonly shared figure is that most businesses (90%) never make it through year 10. One in two...

How Do I Negotiate With a Buyer?

You negotiate best when you have leverage or power. You must have something that the other party wants. If you have a very attractive business to sell—with proof of how great it is—then you have more leverage in asking for more money. Be realistic and find a price YOU...