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Articles from Eric Powers | Selfgrowth.com
- Definition of Business Planning - by Submitted on Nov 24, 2009 from Eric PowersBusiness planning is the process of researching, choosing, and justifying a course of action for a business. This process generally includes the writing of a formal business plan, geared around the requirements of its intended readers. If the business plan is for a new or existing business ...
Views: 844(1 vote) - Open My Own Coffee Shop? Skills For Entrepreneurs - by Submitted on Nov 14, 2009 from Eric PowersBefore deciding to open your own coffee shop, take an personal skill inventory to consider if you cover these three bases before going into the business. Good Taste When going into the coffee shop business, it is important to have good personal taste regarding food and drinks. Without it, ...
Views: 876(2 votes) - What Exactly Does A Business Plan Look Like? - by Submitted on Nov 14, 2009 from Eric PowersBeyond guidance about how to write a business plan and its development process, you need guidance on the physical aspects of a business plan. Follow these tips on how your plan should be physically presented. Functional, But Not Flowery The business plan simply does not need to ...
Views: 1115(4 votes) - Start Up Business Plans: Choosing Legal Structure - by Submitted on Nov 14, 2009 from Eric PowersBefore a business plan is presented to funders, they would like to see that at least some low cost steps have been taken by the founders. One of these is to choose a legal structure for the business and to incorporate it, a process which generally costs only hundreds of dollars. There are ...
Views: 1050(1 vote) - Most Important Business Plan Sections - by Submitted on Oct 28, 2009 from Eric PowersA great business plan addresses the concerns and questions of a reader about the business before they can even raise them. To be certain the plan is complete, begin by checking off the following list of the essential pieces of a business plan, generally presented in this order: Executive ...
Views: 895 - How to Use a Copy of a Business Plan For Guidance - by Submitted on Oct 26, 2009 from Eric PowersA copy of a successful business plan can be a helpful resource as you try to better understand how to create your own. Follow the following guidelines to make sure you use this resource as you should. Check the Source Begin by making sure that you can trust the source of this business ...
Views: 1286(1 vote) - Business Planning Templates: Three Steps to Get Started - by Submitted on Oct 25, 2009 from Eric PowersA business planning template can be an invaluable tool for a first-time entrepreneur or any entrepreneur working in an unfamiliar business sector. Using a template that is specific to your business sector can shortcut the work and formatting you have to do significantly. Here are three steps to ...
Views: 724 - Business Plan Table of Contents Tips - by Submitted on Oct 23, 2009 from Eric PowersA business plan’s table of contents is presented just after the cover sheet, giving a full overview of the sections within the plan. Why, you might ask, is a table of contents needed if the plan is intended to be read straight through, from start to finish, by its audience of potential funders? ...
Views: 829 - The Key Sections of Your Business Plan - by Submitted on Oct 21, 2009 from Eric PowersA business plan’s contents are no secret. Many books, articles, and courses describe the major sections of a business plan. Although variations exist, there are key sections common to most outlines in business planning literature. Executive Summary An executive summary, generally one page ...
Views: 741(2 votes) - Simple Business Plan Templates: How They Can Help - by Submitted on Oct 20, 2009 from Eric PowersA business plan template is an important tool, especially for an entrepreneur learning business plan format for the first time. These are some of the benefits of buying and using a business plan template to create your business plan. Shortcut For Outlining A template will present you with ...
Views: 1133(3 votes) - Buying a Business Plan Template To Jump Start Your Writing - by Submitted on Oct 18, 2009 from Eric PowersA business plan template is a product which can give your writing a significant jump start, shaving hours and maybe days off of your business plan development time. Rather than working on a plan from scratch, pulling together directions and guidance from multiple websites or sources, using a ...
Views: 677(1 vote) - Business Plan Budget Tips - by Submitted on Oct 16, 2009 from Eric PowersA business plan presents the story of how your business will launch and then operate. A budget detailing the startup expenses you will encounter must be included to show funders how their money will be spent. Here are tips on planning that budget. Expert Overview To start off, get a ...
Views: 738(4 votes) - The Management Section of Your Business Plan - by Submitted on Oct 15, 2009 from Eric PowersA business plan must present a clear set of actions showing what the business will do, as well as how these activities will be managed. Executive Management At the top of the business’s organization chart must be a CEO with a vision for what the business can be, leadership experience, ...
Views: 634(1 vote) - The Importance of a Business Plan For Startups - by Submitted on Oct 13, 2009 from Eric PowersA business plan is an indispensable tool for an entrepreneur and not only because of its importance to the fundraising process, but because of how it helps businesspeople crystallize their strategy and evaluate their process. These are the three major reasons to create a business plan if you are ...
Views: 625 - Why is a Business Plan Important? 3 Top Reasons - by Submitted on Oct 12, 2009 from Eric PowersA business plan is an important document for any type of business, at any stage. Not only is it necessary to raise funds for the company, but it is used to craft a better company strategy through reflection on the past and projection into the future and to bring all employees together under that ...
Views: 729 - Business Plans: A Sample of Your Decision-Making - by Submitted on Oct 11, 2009 from Eric PowersA business plan hopefully offers readers a complete understanding of the who, what, where, when, why and how of your business. However, it also offers them a look at you, personally. Assuming you plan to work as a key manager of the business, the plan shows readers a sample of your ...
Views: 867 - How to Draw Up a Business Plan: Using Graphics - by Submitted on Oct 11, 2009 from Eric PowersA business plan does not have to be a monotonous, text-only document. In fact, your plan may be more successful if it is not. After reading many plans of this type, investors and lenders are always ready to see a plan which uses images, charts, and graphs to better tell its story, as long as ...
Views: 1001 - Why Does My Company Need a Business Plan? - by Submitted on Oct 11, 2009 from Eric PowersA business plan is an essential tool for an entrepreneur for a number of reasons. The plan, often developed with the help of a business plan writer or consultant, serves to examine the feasibility of the company before you sink a great deal of time and money into the idea, to organize a plan of ...
Views: 959 - Business Plan Formatting: When to Put Your Plan in Order - by Submitted on Oct 06, 2009 from Eric PowersA business plan has a pre-defined format determined by years and years of standard practice. Before putting the content of your plan into this format there is a great deal of research and preparation to be done. However, using this format at the right time will put you on the right track by ...
Views: 763(1 vote) - What's the Purpose of a Business Plan? - by Submitted on Oct 06, 2009 from Eric PowersA business plan for a startup venture is most successful if it serves three purposes: attracting outside funding, helping the managers think through strategy, and providing a road map for future action and evaluation. Many business plans end up serving only one or two of these purposes, leading ...
Views: 818(1 vote) - Financial Statements for Your Business Plan - by Submitted on Sep 30, 2009 from Eric PowersA business plan contains a great deal of prose, but funders know that the numbers in the plan can make it or break it. These numbers are presented in three basic financial statements. For a startup business these documents are all “pro forma” meaning that they are projections of the future since ...
Views: 917(1 vote) - The Most Critical Section of Your Business Plan - by Submitted on Sep 30, 2009 from Eric PowersA business is a for-profit enterprise which seeks to maximize the return for the owners of the business. It stands to reason that the financial section of a business plan is the most critical section to illustrate the story of how your business will create profit. The three key financial ...
Views: 1163(1 vote) - Business Plan Writer Advice: Should You Hire One? - by Submitted on Sep 30, 2009 from Eric PowersThe choice of hiring a business plan writer who focuses on the writing of the plan and preparation of the final documents only, versus a business plan consulting firm which can take you through the entire business plan development process, depends on where you are with your understanding of what ...
Views: 676(1 vote) - How to Hire a Business Plan Consultant - by Submitted on Sep 28, 2009 from Eric PowersYou may need to interview a number of different business plan consultants or consulting firms before making a choice of who to work with. It is more important at this stage to make sure you have positive answers to the following three questions below than to simply find the lowest price ...
Views: 740(1 vote) - Business Plan 101: Financial Analysis - by Submitted on Sep 23, 2009 from Eric PowersNo part of the business plan is more important than the financial section. It is here that the plan can fail if the needs of funders are not taken into account. The financials should include the following key information: Financial Summary A simple, five year financial summary should show ...
Views: 1059(1 vote) - Business Plan Template: Your Consultant in a Box - by Submitted on Sep 02, 2009 from Eric PowersFor a small business entrepreneur on a tight budget, working with a business plan consultant may not be in the cards. In these situations, look for a business plan template which can guide you in the process of creating your plan and set you on the right track by focusing you on what funders are ...
Views: 925(2 votes) - Business Plan Guidelines: 5 Tips To Writing a Successful Plan - by Submitted on Sep 02, 2009 from Eric PowersA successful business plan is one which convinces funders that the entrepreneur has both a good idea and the means of executing it. These tips will guide you towards creating a plan which will achieve just that. Be As Clear As Possible The language and ideas used within the plan should be ...
Views: 623(2 votes)