Tips for new and aspiring Business owners!

The business plan consists of a few parts and of these few parts each have their own lengthy detail that should be included. For example, I will start with the executive summary and move on from there. While each of these sections have a their own unique portions that will need to be crafted and written in detail to the best of the writers ability, it is important to remember that the business plan is the one document where you don’t want to use the methodology less is more. While this first document of your business plan is one of the most crucial parts, it is also the last piece you are going to want to write in your business plan. I am starting here with the executive summary because well, I have to write at least a dozen or more. That’s not to say that I have started a dozen or more businesses but I have consulted on many and helped with the development or some. The first step in understanding the executive summary is to get a grasp on what exactly it is, it is a snapshot, a b...

If you have ever thought that your job was dead-end and going nowhere fast, you may have thought of the possibilities of opening your own business as a way out. Most entrepreneur’s fall victim to this way of thinking early on when their frustration sets in about their job market or current job growth; but it is the next move you make that could actually lead you down a road of sure despair without the right planning. Entrepreneurship is a dream that many American’s dream to either establish for themselves or it is a long term goal that they have set for themselves to conquer within the near future. However, how do you differentiate from the near and distant future from procrastination and rushing in to something because frustration has taken a hold of you? While it is never a good idea to make any type of irrational decisions in the decision making process when it comes to initializing a startup, it is equally important to understand that nothing can happen without risk. Altho...

Financing your small business can be one of the biggest challenges you can face as you began your role as an aspiring business owner. Unfortunately, there is no easy answer as to where you can find funding or if your business will even be successful. However, learning to understand the data and understanding simple funding techniques can also be an advantage to you. For example, I set out to see some of today’s recommendations for funding a business, and believe me when I tell the shock and awe value was paramount. While I was searching the glorious information highway for the best options to fund a business; I managed to run across a very interesting article that read one option would be for the new and aspiring business owner, is to use a credit card. So, I began to read a little more because most credit cards charge an enormous rate of interest and this method of funding well, it is just foolish and it is a key element to bad business. This brings me to a question that is asked...