Business Plans Articles For Entrepreneurs & Small Business Owners

Tips on Transferring a Lease When Buying a Business

The lease of the premises occupied by the business is an important issue when buying a business.  A lease is a contract giving the lessee the right to operate a business from the rented premises.  It is a legally binding contract between the landlord or lessor and the tenant or lessee.  It is for a [...]

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Business Plans – Part of the Jurassic Age?

There’s no denying that we are living in an age where social media and tech startups are ruling the business world. With suits going out the window and slides going into the office toilet there is a massive shift in what we believed was the correct style of workplace. However there is still debate on one thing. [...]

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Presenting Your Plan: What to Know Before Meeting with Potential Lenders and Investors

You know you need to raise funds to bring your dream of owning your own business to life. You’ve done the research and have put together a formal business plan. Congratulations! You’re ready to meet with potential investors. So, before you ask someone for a huge chunk of money to back your business idea, ask [...]

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Financing Options for Businesses – Which Type of Financing Is Right for Your Business?

There is good news for small business owners.  Small business lending rose 18% during the period from November 2010 to November 2011.  Congress is also most likely to pass the JOBS (Jump-start Our Business Start-ups) Act this year.  This will make it easier for small businesses and start-ups to raise capital.  The new law will [...]

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Tips to Protect Your Business Plan from Being Stolen

FoxBusiness.com published a write-up by Susan Schreter on how to go about presenting a business plan to prospective investors.  One major concern of budding entrepreneurs is the possibility that their business idea may be stolen by people they turn to for financial support.  Schreter listed three tips to minimize such occurrence. Q: I’m afraid to [...]

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Tips on How to Create a Succession Plan for a Franchise Business

Some families that own franchise businesses want to pass on their businessses to their children.  Children, when on school vacation, usually help in the business and immerse themselves in the business.  They may discover that they like what they are doing and may take it upon themselves to succeed their parents in running the business. William Slater Vincent, [...]

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Where to Get Loans for a Franchise

Shelly Sun of BrightStar shares her experience regarding financing franchises.  She says that the most common cause “for failure for franchisors is under-capitalization”.  In her article in Enterpreneur.com, she gives advice on where and how to get a franchise loan.  Banks, government programs, friends and family can give you the financing you need. The No. 1 [...]

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Business Interruption Insurance

Business Interruption Insurance, or Business Income Insurance, is one of the most important coverage for a business, but is most often overlooked. It is the coverage that will keep a business up and running or restore it after an event, such as a fire, hurricane or earthquake. Business Interruption Insurance is not a stand-alone policy, [...]

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Seven Practices of Successful Teams in Sport and Business

Sports teams play hard to win, and so does your business. The desire to take a victory lap, however, isn’t the only similarity. Business owners and sports teams watch rivals closely, strategize at every turn and work together to reach the final goal, whether it’s the trophy, a customer win or the successful deployment of [...]

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Starting An Online Business? What To Look Out For?

Starting an online business? Have a great product idea that you think can make millions? As you start developing your idea, the first thoughts coming to mind are probably technology focused. Who is going to build your site? How much will it cost? How quick you can launch your site? Unfortunately, the phrase “if you [...]

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What is a Business for Sale Purchase Agreement?

Bringing a business for sale transaction to fruition is a trying, lengthy learning venture.  You, the buyer, have to try your best to negotiate with the seller in a civil and honest atmosphere.  Pleasantness, reasonableness and fairness are needed for the process to proceed smoothly.  Once you decide to buy a business, you have to [...]

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You Want to Sell Your Business Someday – How to Prepare Today

Every Business Needs an Exit Strategy. Do you want to Run Your Business Forever? Do you Want to Sell your business? Do you want to leave your business to your children? Do you want to sell your business to Your Employees? Do you Just want to close your doors and Move on? How do you [...]

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Franchise Business Plans – How To Write A Franchise Business Plan

When you set off to start your own business for the first time, a very good idea is to go with a franchise.  After all, the systems are already in place, the business model is already proven, and you will have help getting your business off the ground from your franchiser.  But like anything else [...]

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Selling The Entrepreneurial Idea

With an estimated $800+ billion in funding available for the entrepreneur annually (even in bad times), you may think that venture capital and R&D partnership firms would be falling over each other to fund the latest wave of scientific and technological proposals. Wrong. Venture capital companies such as R&D Funding Corp., Early Stages Co., Mayfield [...]

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Innovative Business Ideas – How To Turn Your New Business Idea Into Gold

Creating Your Dream Business Behind every successful company is a founder who had a dream that eventually became a reality.  Examine any of today’s prominent entrepreneurs and you will discover a shared thread of traits.  These are talent, vision, and perseverance in the face of all obstacles.  If you possess an idea that you believe [...]

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Business Planning – What Works and What Doesn’t?

Creating a Viable Business Planning Strategy New owners of businesses should feel compelled to engage in the business planning process, whether they are starting a brand new venture or taking over one that is already up and running.  Anyone who fails to take this all important step – akin to jumping out of an airplane [...]

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Business Start Up Costs: How Much Does It Cost to Start a Business?

Cashing In on a Business Start Up More people than ever are deciding to start their own businesses, so why should you be any different?  Whether you choose to acquire an existing company, start one from scratch, or purchase a franchise, there are a number of costs associated with buying a business.  Knowing what they [...]

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How to Write a Business Plan

What is a Business Plan? Business plans are essentially resumes for companies.  They provide a description of what your business involves, how it hopes to operate, what level its earnings are expected to reach, and how soon those milestones will be met.  Anyone who wants to start a business must write a business plan, primarily [...]

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Eight Tips on Writing a Business Plan for Your Franchise

Do I Need a Franchise Business Plan? Unless you have enough money to buy a franchise outright, including all the start-up costs and a nice safety net of cash to carry you through the lean times until your business is more firmly established – of course you need a business plan!  Even if you’re independently [...]

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I’ve Got a Business Idea – What’s Next?

One question I get asked a lot goes something like “I’ve got an idea for a business. I need to get finance from the bank, buy stationery and equipment and do some research. I’m not sure how to plan everything that I need to do.” Do you feel like this? Do you have a business idea [...]

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