Common Mistakes to Avoid When Writing a Business Plan

For years you’ve toyed with the idea of starting your own business. You’ve fancied yourself as an entrepreneur and you’re ready to make the move from a corporate pencil pusher to a business owner. You’re excited to get started and have found the inspiration needed to begin the process of transitioning out of the daily grind and into the excitement of small business ownership. The only problem, you don’t know where to start!

Business planning

Any small business owner will tell you that the first step to business ownership is writing a business plan. A clear and persuasive business plan provides you with a blueprint that will guide you in building a successful business.…

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Three Pieces Of Advice For New Entrepreneurs

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It’s been 18 years since I’ve been a new entrepreneur, but that’s only given me time to figure out what I didn’t know that I didn’t know then. Looking back, I would have given anything to have someone whispering in my ear these three fundamentals about new business:

1. Build a solid, but flexible business plan.

Every successful business has a strong and comprehensive business plan to guide the company through the years. It’s impossible to predict the future, but prepare for all you can.  Spend extensive time planning, and then once you think you have it, keep working.

With that said, a business plan isn’t set in stone.…

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5 Tips to Succeed in Your Startup

5 business startup tips

Businesses start up nearly every day all over the U.S. Many entrepreneurs are lean and mean when it comes to setting up their businesses. They’ve learned all the right lessons to starting a business. Consider these steps below to create a successful startup.

1. Stick With What You Know

Start a business in an area of familiarity or industry expertise. Doing what you love has a direct relation to how successful a startup can be. This also enables you to anticipate the needs of potential customers and clients.

2. Make A Plan

Your well-researched business plan should be your company guide for the first few months of business.…

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3 Critical Financial Steps to Starting a Local Business

3 steps to starting a successful local businessStarting a business is an exhilarating time. It can also be a very stressful and busy time. As a local business owner, you often end up wearing all of the hats (CEO, Accounting, HR, Marketing, etc.) in the beginning due to lack of funding early on.

In all honestly, this isn’t such a bad thing because it’s nice to know how things work and how all the pieces fit together if you’re the one running the business. At the same time, the goal is to be able to hire experts to handle other departments at some point in the future so you can focus on building and growing the business.…

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Roadway To Success In A Management Role

road to management successBeing the manager of a business is a big responsibility. You should be able to know every detail from business planning to business operation. If you are a successful manager of a business, your fulfillment is the best reward.

To hit the ground running, a manager should always believe in himself. It is normal that sometimes, at some point, you will loss your confidence. But it is your self alone that can build up confidence and keep the business running with all your might. Always remember that the reason why you are holding that position is because you have the potential to manage and operate the business.…

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