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Is it the length of the plan? The information it covers? How well it's written, or the brilliance of its strategy. No. The following illustration shows a business plan as part of a...
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Who competes with you for your customers' time and money? Are they directly selling competitive products and services, substitutes, or possible substitutes? What are their strength...
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Before writing a business plan, it is best to undertake some research to help you develop the various sections in the plan. 1. Research All the Relevant Sections Before commencing...
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When you are trying to decide whether to buy into a franchise there are several factors to consider. First, make sure you are looking at a solid and effective franchise that offers...
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Venture Capital You probably know who you are because you've been there already. Venture capital firms want repeat entrepreneurs. They want plans with huge growth rates, in high-gr...
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If you want to work for yourself, but don't have a particular business in mind, you're probably wondering what kind of business you should start. Fortunately, the answer is always...
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Buying an existing business is an excellent option that is often overlooked by entrepreneurs, but it does have advantages. You will have an established name, existing customers and...
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Almost every organisation will benefit from even the most elementary market research. If it does not provide new information, it will confirm what is known.
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Obtaining funding should start with a solid business plan. If you write a convincing business plan then your chances of obtaining funding are greatly enhanced. There is still plent...
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If you and your partners don't spell out your rights and responsibilities in a written partnership agreement, you'll be ill-equipped to settle conflicts when they arise, and minor...