March 2, 2011 1. What a business plan is: A business plan is a report that tells the reader what your business is about. It includes several different sections like the executive summary, operating statement, mission statement, important documents, market analysis, situational analysis, and marketing plan. 2. Why a good business plan is necessary and valuable: A good, well written business plan can be used for several important things. First, it can be used to raise money from investors or bankers, and second to help the business owner plan the […]
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The Seven Steps to Start a Business
Many of our students want to start a business but they don’t know what to do first. Well tonight I will show you seven easy steps to getting a business started. It’s not as hard as it sounds. 1. Choose a business name. This is an area where some of our students have problems. They can’t make a decision on a name for the business. “Should it be my name? My initials? My dog’s name?” I have had students who couldn’t choose a name after an entire week. Your business’s […]
Protected: 2.26.2011 The Seven Steps to Start a Business
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“Finding Hidden Assets in Your Business”
Excess inventory- during my 20 years of working with all kinds of small businesses I found that most have inventory they either have forgotten about because it is either out of date or out of style, or an ordering mistake. If that inventory has been laying around in a corner for years covered up by other junk, take a look at it, it is an asset that is worth something. Example: years ago when I was working in the radio business there was a carpet/furniture store that I sold advertising […]
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