The Blog
Short Business Plan vs. Comprehensive Business Plan
How do you define, compare, and contrast a short business plan vs. a comprehensive plan? A comprehensive business plan may be needed if you are pitching to investors or applying for a loan. A business plan that is not requiring investment/ loan needs to accomplish a...
The Best Way to Draft a Business Plan
What's the best way to draft a business plan if you are not trying to get a loan? A business plan just needs to accomplish a few things and you can draw it out on a napkin if needed: 3 THINGS EVERY BUSINESS PLAN NEED TO ACHIEVE FIRST Give you confidence you have a...
7 Steps to Creating a Sales Plan
Identify your target customer- (who is most likely to buy what you are selling?)
What advertising vehicles will reach your target customer?
It’s Never Too Late to Start
I personally think starting a small business with limited capital at risk is a great way to spend your retirement. Retirees tend to be more patient, less distracted, and wiser, which never hurts when starting a business.
Building A Company To Sell
The only difference when you are looking to sell is you may not be thinking durable or sustainable which may cause you to do short term things that look good to buyers but may not be sustainable for the long haul.
Why Customers Stop Buying from You
Customers stop buying from your company when:
The #1 Skill of an Entrepreneur
Businesses go out of business for one and only one reason 99% of the time: they cannot sell enough of what they offer to pay the bills and make a profit.
Talking to People About Starting a Business
I am not a big fan of talking to anyone about what I am going to do. I am a big fan of doing it.
Finding a Brand Position
Branding is building a recognized image, quality, or reputation for something. If you build a brand that compliments your business that will obviously help.
Am I Being Cheated?
If the math works and your labor time results in an hourly wage you can live with, then take it.
The Best Way to Spend Time on Your Ideas
Focus your time on the “Big Dominos”. These are the tasks, items, etc., that when you complete, will have the highest payoff for your startup.
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