Business Plan
The last economic crisis had a profound impact on how entrepreneurs and business owners finance their business and write business plans. The post-COVID-19 economic recession will have a similar impact. Banks have been reluctant to lend money to start-ups without them offering significant collateral against the loan. Despite all the publicity that they are lending more money than ever banks …
If another business is able to copy or steal your ideas, inventions, contacts, designs or knowledge your business is at risk. Protecting your ideas and intellectual property is crucial for the sustainability of your business, potential investors will reluctant to invest in a company whose intangible assets are not protected. There are five main ways to protect your business‘s intellectual …
If you are a serial entrepreneur or an aspiring business owner then learning how to write a business plan should be an essential part of your skillset. Being able to write a convincing business plan will help you improve and grow your business. Let’s start with what a business plan is: it is a document that outlines the vision for …
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 …
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 …
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 …
