A business plan provides a complete overview of your business goals, projected revenues and expenses on a short and long timeline. A business plan is most commonly used when seeking funding from venture capitalist and lenders like banks and credit un...
Writing a hotel business plan is a necessary process not only to solidify concrete ideas but also present a well-thought-out strategy if you are seeking investment from venture capital. A business plan outlines a complete analysis of operating expens...
A business plan is both a complete analysis and feasibility study of bringing a business market and to receive investor funding. It is a crystallization of all aspects including financial and marketing expenses which will determine the success of the...
As every small business owner knows, or finds out soon enough, it costs more to attract a new customer than to keep an existing customer happy. This is because advertising and marketing budgets to generate new business are limited as is the pool of a...
As every business owner has known throughout the history of time, the number one determining factor in success is location. Other factors are important like starting capital, an innovative idea and great customer service, but inevitably it comes down...
Carrying excess inventory can be one of the biggest mistakes small businesses make especially those with limited capital. Cash flows are often tight and every dollar is allocated to labor, utilities, insurance, various leases and unforeseen emergency...
There is a lot involved when starting a small business from creating a business plan to developing a product or service to making sure you're compliant with legal and regulatory requirements. Another equally important aspect for small businesses is m...
Virtually every business has a fixed budget for marketing and advertising and they are always evaluating ways to get the most bang for their advertising buck. Advertising on a tight budget is common and fortunately there are a number of different way...
Being a home day care provider is no small task since it requires not only managing a business but also looking after small children which need personal attention. Hopefully, inordinate amounts of marketing or advertising won't be necessary as your r...
There are a number of different opportunities when starting a small business; from consulting to opening a bakery to owning a franchise. Of the options available, owning a franchise is normally the most expensive. So the question is why do people do ...
Incorporating your small business is often a strategic move to protect the individual from legal liability, to obtain credit and maintain a separate entity status and receive certain tax benefits. All individuals who own a business and are not incorp...
To operate a business legally one needs to meet all the laws for operating a business in your country and local community. In the United States that means the laws of the federal government, state governments of every state in which you do business, ...
Cooking is an activity many individuals enjoy and by the amount of television shows and magazines, it's obviously quite popular. Most of us cook for fun or as a hobby to try new dishes but some have the desire to turn a hobby they enjoy into a home b...
There are as many small business ideas as there are people on the planet. Starting a small home improvement business is perfect for individuals who have experience in home remodeling or have worked as or for a general contractor or subcontractor. It ...
Starting a small business at home doesn't always require a large financial investment. Many individuals already possess the skills necessary to provide a quality service to the public. Copywriting, bookkeeping, day care, consulting and a number of ot...
The rising cost of healthcare is causing people to seek alternative ways to pay for these essential services. Many individuals are benefiting from finding alternative patient ...
Entrepreneurship can be a great way to take control of your future and work hard at an endeavor you enjoy. There are a lot of factors that determine whether or not a small business will be successful but one of the most common reasons for failure is ...
Many small business owners struggle with the decision of whether to purchase business equipment outright or lease instead. There are pluses and minuses to both options but inevitably financial constraints such as cash flows make many small businesses...
A number of news reports have recently covered the use of offshore tax shelters by multinational corporations to prevent paying billions of dollars in additional taxes. Tax shelters, often used in tax avoidance schemes, are for more than just big org...
The government allows for many tax breaks for home based small businesses to encourage entrepreneurship and economic growth. It's not just big multinationals and large organizations which can take advantage of tax code to deduct business interest or ...
The IRS now says that S corporations represent the most popular incorporation choice for small businesses. Yet that's perhaps logical. An S corporation delivers big tax savings for businesses and their owners - especially for shareholder-employees. U...