Learn more about planning a business launch.
Having a business plan is essential to business success. A new, online tool from the Small Business Administration walks you through the process of creating a customized plan, including market analysis and financial projections.
'Starting a New Business on a Small Budget' shares insights and lessons learned from a pair of successful entrepreneurs who started their own business on very limited funds.
To discover the entrepreneurial opportunity perfectly suited for you, you must identify current trends and match them to your personal/business experience.
'How to Get Out of a Non-Compete Agreement' describes some of the ways a person can break or void a non-compete agreement with a former employer when starting a new business, if you're planning on entering the same line of work.
'Is Franchising Right for You?' is a personal account of franchise ownership from one of the nation's most successful franchisees, including a discussion of what to expect and what it takes to be a franchisee.
'Buying a Franchise' relates the advantages and disadvantages of becoming a franchise owner, including such considerations as finding the right franchise, investigating a franchisor, and understanding the risks and limitations of a franchise agreement.
'Buying a Business' recounts the advantages and disadvantages of buying an existing business, and how to find the right opportunity and exercise the proper caution when doing so.
'Creating a Business Plan that Works' gives practical tips and delves into the benefits of researching and writing a business plan that ultimately plots out your objectives; marketing strategy; operational procedures; and the right combination of expertise, equipment, location and sheer capital that will be required to convert your ideas into reality.
Learn how to research and write one of the more important elements in a business plan: the market analysis.
'Preparing To Succeed When Launching Your First Small Business' concentrates on those activities an owner must do--before opening for business--in order to be successful.
'How to Choose a Franchise' covers the types of research that should be done and the kinds of questions that should be answered when investigating a franchising opportunity.
To be successful in entrepreneurship, you'll need to set economic, personal and retirement goals that are concrete and actionable, in order to guide you in getting your new business off the ground.
Small business ownership isn't just another job -- the responsibilities have advantages and disadvantages, requiring you to perform many different roles using many different skills. Are you ready?
When small business owners plan their cash flows, they usually assume that sales will occur on a regular basis. For example, if they estimate that they will have $120,000 in sales revenue, they typically presume that they will do roughly $10,000 per month in sales and plan accordingly.
To get an accurate read on how much money you'll need to keep your business running in the first 90 days, you'll need to figure out how much revenue your business will produce in those 90 days. The greater the revenue, the less you'll have to come up with from your personal resources.
Our case study of a ficticious sandwich shop outlines many of the expenses you are likely to incur during your first three months of operation.
Many activities must be undertaken and expenses incurred before you are fully ready to open your doors for business. Here are some things to consider.
It's opening day and you are ready to serve customers for your new business. But do you have the staying power to make it through those critical first 90 days?
Create a comprehensive pitch and business plan with 1-year of LivePlan access. Includes templates and financial forecasting.
Start your business with confidence. We offer various incorporation packages to get your business up and running. Starting from $99 and includes 6 months FREE Registered Agent services.