This article will cover how to create a cash flow forecast in a business plan or for use within an existing business. If you’re just getting started, you may want to read our guide to creating a business plan. However, if you are looking for more specifics on making a cash flow forecast, this article is for you. The cash …
Writing a business plan is vital for the success of your company as it attracts investors, business partners and should be a blueprint for business success. To create a business plan, you must go through the core eight sections and provide a comprehensive analysis of your company. Let’s dig into our article to witness the actual process to create a …
Think you have a great idea for starting a new business? Need to check if your idea is feasible? Then the best way to find out whether your idea is viable or not is to research and write up a proper business plan to attract potential investors. And the only way to do so is to follow the right, simple, …
The Executuve Summary is by far the most important section in a business plan. If you are writing your business plan, then you need to understand this. 90% of what you are writing will not be read. I am not saying you are wasting your time writing a detailed business plan. I am saying you are not focussing enough of …
When becoming self-employed and starting your own business many entrepreneurs spend a lot of time on choosing whwerger they should be a sole trader or setup a limited company. Which legal status you choose for your business depends on the type and size of the business. Let’s find out what options you have when choosing the legal status of your business. …
The Prince’s Trust is a youth charity that helps young people aged 11 to 30. They are one of the UK’s leading organisations helping young people to start their own business and move into self-employment. Writing a Princes Trust business plan can be complicated if you have no expericence. In this artictle we’ll show you exactly how to write a …
Knowing the reasons why your customers buy your product or service is the key to sales success. When you know what their fears, problems and challenges are it gives you the ability to tailor your sales process to provide them with what they want and alleviate any concerns they objections they have. I in a previous blog post, How To …
No matter how great your product or service is if you don’t have customers you don’t have a sustainable business. Also, you may have the ability to come up with a great new product or business, but that doesn’t automatically mean you can successfully sell it to customers. Many startups struggle at first to find customers and generate revenue. Depending …
A lot of businesses are fighting to stay afloat at the moment, as Brexit-related uncertainty, global trade tensions and COVID-19 weigh on the economy. As a business owner, how do you keep your business afloat? Finding ways to reduce costs is something you should consider. Most business owners focus on growth strategies, sometimes market conditions mean this is just not …
Employees are the most critical part of any business, you can have the best product or service in the world, but if you don’t have the right people, you will never be able to grow your business. Understanding how to recruit and retain the best staff is a skill that every new business owner should possess. Without high calibre, motivated …
