If your business requires investment, then it is likely you will have to write a business plan. Writing a business plan is not that difficult just as long as you understand what the potential investor is expecting to see. Below are some of the common business plan mistakes made by entrepreneurs. 1. They Don’t Understand The Purpose Of The Plan …
If you get the opportunity to pitch your business idea to an investor firstly congratulate yourself, most business plans get rejected after reading just the executive summary. If an investor has agreed to meet you there is something in your business plan, business idea or your skills and experience that interests them and they want to know more. When you …
Sir Alex Ferguson has revealed his managerial blueprint in the Harvard Business Review. It is an amazing interview which confirms him as one of the greatest sporting managers/coaches in sport in history. What is surprising is the how many of the principles that Sir Alex followed can be used in business by business owners and their management teams. 1. Start …
Have you started up your business? If you want to be in business in the next three years time you will have to implement sustainable business processes. A lack of planning is a key reason many start-ups fail. Here are 8 steps you need to take to establish your start-up to improve performance and reduce risk. 1. Buy Accounting Software …
“If you build it he will come” – Field Of Dreams Many start-ups go into business with believing that as soon as they launch their customers will rolling in and buy. As many start-ups find out, the reality is very different from the movies. On starting up they suffer from slow sales and are almost immediately under the threat …
Many entrepreneurs get confused about what to include in their business plan. In short, there is no correct answer. What you include in your business plan depends on the business, the purpose of the business plan and the intended audience. There are however some core components every business plan should include. Below is an explanation of how to write a business …
Are you struggling to get business funding for your start-up? Most entrepreneurs suffer from funding problems and delays when starting their business. Getting business funding isn’t easy, however, many entrepreneurs disqualify themselves from most funders and investors criteria by making simple mistakes. Let’s look at some of the most common mistakes makes made by entrepreneurs and how to avoid making …
Research from on-line print and design company MOO reveals that more than eight in ten (82 per cent) Brits had a business idea in the past year, with 5.5 million of these planning to launch their venture in the next six months. Your business idea may sound great for your family and friends, but to turn the idea into real …
