One of the first and most important moves you’re going to make as an aspiring entrepreneur is putting together a solid business plan. A business plan isn’t necessarily going to predict the future of your business, but it’s going to serve as a blueprint for the early and middle stages…
One of the tools that can be used to assess the performance of your business or organization is a balance sheet. A balance sheet, which should be a part of the financial model in your business plan, categorizes your assets (everything you own), your liabilities (everything you owe) and your equity…
Individual venture capital companies receive more than 1,000 proposals a year and are primarily interested in businesses that require an investment of at least $250,000, as stated in Embroker. However, according to the same source, only 1% of startups turn out to be the next Uber, Airbnb…
One of the most important traits in a successful startup is adaptability.
Over time, you’ll face new competitors, and your existing competitors will launch new products and services to try and out compete you. New technologies will emerge that could drastically change…
You've finally got your company on solid ground. Now you might consider taking funds to accelerate growth.
A pattern that I often see in small to medium sized businesses is that they become scared to take on debt after they have made it out of the...
An entrepreneur’s dream includes freedom and flexibility to create their own rules and success. It also includes seeing goals and objectives fulfilled, impacting a community, and advocating for what they are passionate about. What most entrepreneurs fail to consider, however, is there is much more to entrepreneurship than what meets the eye…
The business plan is a written document of about 30 pages that basically includes the objectives of your company, the strategies to achieve them, the organizational structure, the amount of investment you require to finance your project and solutions to solve future problems (both internal…