Growing your business is always tough for small businesses and start-ups, especially when they only have a limited amount of working capital. You can’t let this stop you from planning to grow. Every small business should plan to grow, failure to so puts you at risk of being overtaken by your competitors. To put it simply, you either grow or …
One of the most popular questions we get asked is “How Much Money Do You Need To Start A Business?”. There is no one answer we can give them. It depends on the business and your vision for the business. Many entrepreneurs who get a startup loan or secure investment from an angel investor think that their funding journey is …
Most entrepreneurs spend hours working on their product and for several months when starting their business. Research is great, however, there becomes a point where you have to test your business idea and find out whether your product will sell. There is no value in holding onto a product for until it’s 100% complete and when it’s released onto the …
We get asked a lot by entrepreneurs what they need to do to start their business. While there isn’t one definitive path to starting a business but let’s try to list out some of what you may need to do. There are five major categories you need to include in a business startup checklist. Business Development Come up with a …
The statistics show that most start-ups fail. If you are trying to start your own business you need to take notice of the stats. Starting a brand new business is hard, should you be put off by this? Hell no, the reality is most of the startups that fail failed before they started. They didn’t set their business up in …
Whether you are running your own business or planning to start your business you need to plan how you will make your startup stand out from the crowd. I know you think your idea is unique and special but you have to realize that the market is crowded. To make it you will have to do something special to make …
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 how many of the principles that Sir Alex followed can be used in business by business owners and their management teams. 1. Start With …
You know that it’s time to set up your business, but you can’t seem to get the ball rolling. You feel like you have all of the pieces but there’s no clear direction. The last thing you want to do is waste time and money on an idea that isn’t going to work. If you want to be in business …
