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Putting Together A Solid Business Plan

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A business plan is the very first thing that a new business owner thinks of when they start a business. A business plan contains very important things that determine the success of a business. This article will discuss some of the things that your business should plan for when it initially drafts a plan.

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Reaching business goals

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If you want to reach your business goals, you can’t sit idly by and hope that your goals will just happen without your help. You have to take the steps to make them happen. What are those steps? While they will vary for everyone in some ways, every person needs to do the following five things if they are going to reach their business goals:

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5 Tips To Perfecting Your Business Plan

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Running a small business is a hard process for a lot of people and you need to be able to have the right type of planning first in order to know where the company is headed and what you need to do in order to acquire financing and other things for the business. So what are the elements your business plan needs to have in order to get investors to provide you with money? There are a lot of elements, but here are 5 tips that you can follow in order to perfect your business plan.

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How to write a business plan for lenders

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The ability to get a loan is an important part of running a business. You need to have financing and funding to help expand, run day to day operations, and keep a business going from time to time. However, a poorly written business plan, can shoot down your chances of funding, and leave you with few options. Here’s what a good business plan should include:

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How to write a business plan for your small business

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One of the most important tools that you will have in running your small business is your business plan. Your business plan will serve not only as a guide for your business but a marker to help you achieve your business goals. Having a business plan is not only crucial for the proper guidance of your small business but should you ever decide that you need investors you will need one to show them, as well. Business finance experts recommend that you should write your business plan so that it is ready for investors to look at any possible time. Having the right business plan can often mean the difference between getting investors (and additional debt financing), and going home empty handed. Use your business plan to document the potential of your small business. Here is what you need to know about how to write a business plan for your small business-

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Should you create a small business plan?

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Would you like to start a small business? If you have the desire to become a small business owner you must be able to learn how to create a small business plan as it will aid you tremendously when you ask lenders for money. What if you don’t need a loan and you are planning to take care of things with some of your own money? Even if this is the case, you still need a small business plan. It helps to show others that you are operating a legitimate business and when you apply for a business license, it can also come in handy.

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How to write a business plan for your small business

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One of the first things that you will need to do as a small business owner is write a business plan. A business plan is crucial for a multitude of reasons. One of the most important reasons that you must have a business plan is that it provides a roadmap which you can use to chart the growth and development of your small business. A business plan also serves as a way to put your business goals into a workable form. Finally, one of the most important functions of a business plan is to help get financing. Three is little chance that you will be able to attract either investors or gain debt financing without having a well written business plan.

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Tips for writing an effective small business plan

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One of most important tools that you will have in your small business is your business plan. Every business owner, regardless of the size of their company, will need to have a business plan; however, it is crucial for a small business to have one. There are so many considerations that have to be made when a business is just starting out. Having a business plan, can help the small business to be guided along a path that will help to insure its success. In addition, a small business owner will need a business plan, to show lenders if they want to be considered, for business financing. Here are some tips for writing an effective small business plan-

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How to write a business plan that will attract investors to your small business

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If you are a small business then it is important to know that your business plan, will serve as much more then just a roadmap, for your business. If at any time you are looking to attract the interest of potential investors, you will need to have stellar business plan that stands out, from your competition. Your business plan should be investor ready, for when that day comes that you seeking additional working capital. You want to be able to show potential investors, in writing, why they should invest in your small business. The way your write your business plan, will be the documentation that show the potential of your small business. Here is what you need to know about how to write a business plan that will attract investors to your small business-

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Where to turn for help when starting a small business

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Starting a new business is a major undertaking and a number of people are often too embarrassed or too proud to ask for help. Whether they need money for financing the business or just help to get it running asking for help doesn't portray any type of weakness! Starting a business entails a lot of time, money, and paperwork. Having the right people around to help you up may alleviate some of the pressure you are feeling to get the financing and all the equipment you need to get started.

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Where can you find money for your business?

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Starting a business is hard work but one of the hardest parts about starting a business is finding money to finance it and to try and grow it in the future. Where can you find money for your business? Raising capital for your business is one of the first things you have to take into consideration when you are starting a business or looking to expand one. You don't have to only rely on the financing from a lender as you can also acquire financing from other sources as well like your personal savings, friends and family, along with venture capitalists that have a given interest in your company. This article will offer you insight into the different financing options that are available so you can understand what you want to try when you are getting money for your company.

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Preparing your business plan

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Ready to take your idea of a small business and turn it into a reality? You will need to have a good business plan in order to capture the attention of lenders and also investors that may want to help your company get started. There are a few things you can do to make preparing a business plan a lot easier. Here are some tips that may help:

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Avoiding bookkeeper fraud

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As a small business owner you will have a lot of control over the books along with payroll and other financial matters. As your business grows and you decide you need a vacation, who is left behind to care for your business books? You will need to leave the simple method up to one of your regular employees or you may decide that your business is large enough now that it's time to hire a bookkeeper. Bookkeeping usually involves inputting numbers, negotiating prices with vendors, and managing payroll. It can take a huge burden off your shoulders to place it into the hands of another person but with that can also come risk. Bookkeeper fraud is not uncommon as these individuals see the numbers all the time and have access to your accounts. It's easy for them to find a way to start taking off a cent here and there until they have built up a nice nest egg and you are wondering what is going on with your product mark up rates and other things that may be behind the sudden drop in your income.

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Putting one foot in front of the other

portfolio19222355.jpgSuccessful small businesses try a number of things to get their name out there and to let people know they exist. From the way you interact with your customers to the way you manage your books, you will be spending a great deal of time keeping your business running like a well oiled machine. To be a successful small business you have to take suggestions and learn from your mistakes. Do not be too prideful to try things that seem weird or out of your normal realm. A successful small business is always staying on their toes and looking for new things to try and lessons to learn.

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Questions to ask before starting your small business

laptop30347367.jpgIf you are considering opening a small business, then there are some very important questions you should be asking yourself. Do not be fooled into thinking that opening a small business is an easy endeavor. Most often small business owners will tell you that opening their company was one of the hardest things they have ever done. It is important to understand that owning and running a small business, is not the right job for everyone. Having a business of your own requires a great deal of passion, dedication and most important hard work. You will have to be highly self disciplined and willing to make sacrifices for the good of your business. In addition, it is critical that you understand that running a small business is a risky venture. More small businesses fail rather then succeed. However, if you are willing to take the time to look closely at yourself, you can determine if opening a small business is the right thing for you. Here are some questions to ask before starting your small business-

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How to start your small business

accountant37004036.jpgMany people dream of starting their own small business. The allure of being your boss and making money at the same time can be both overwhelming and exciting. However, it is important to understand that just because have a great idea for a product or service, doesn't mean that you are all ready to start your business. Many times when prospective small business owners have a great idea, they simply lack the information that they need to get started. Keep in mind that once you have the information you need, you will also have to have persistence, determination and endurance. When these qualities are coupled along with a great idea, you stand a much better chance of being successful. Here is what you need to know about how to start your small business-

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How to provide the best customer service from your small business

ladyonphone30745252.jpgA high degree of customer service is what will keep your clients coming back, again and again. Studies have shown that business(of every size), that offer a consistently high degree of customer service, have their target market returning to purchase from them, even when they don't offer the lowest prices. This is crucial since repeat business is what will keep your company existing and growing. Training your staff to offer the highest degree of customer service at all times is one of the best ways to insure the long term survival of your small business. Here is what you need to know about how to provide the best customer service from your small business-

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Are you running the right small business?

finances19158945.jpgThere is always a lot of talk about making the right match. If you are a small business owner you should take the time to determine if you and your business, have the right fit, and if you don't what you should do about it. Here are some questions to help you find if you are running the right small business-

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Tips for a successful small business

charttwo30340387.JPGThere are certain characteristics that successful small businesses share. Often times small business owners give the same advice over and over again, on how they made their small businesses work. There is no denying the fact that starting a small business is hard, and keeping it up and running, is even harder. However, if you are worried about the long term survival of your business, the best thing to do is focus on doing it right, from the beginning. Here are some tips for a successful small business-

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The logistics of starting a small business

businessmeeting26668304.jpgSetting up a small business, can involve what seems like a never ending list of things to do. A large part of that list can deal with things that directly affect the business. This is known as the logistics. The logistics of starting a small business can cover a lot of different areas. This can include: how to manage inventory, how to process information, and how to hire and deal with the necessary staff. Keep in mind that all of this must be done in the most optimal manner to execute the highest degree of customer service!

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Steps for managing your small business

checkbox63308153.jpgIf you are a small business owner you may feel overwhelmed with the management of your company. It can seem that the day to day details of running your business, are keeping you, from managing the big picture and putting your small business on the path to long-term profitability. However, it is sometimes those very day to day details, if they are managed correctly can help insure success for your small business, while ignoring them or not managing them, can speed your small business down the path to failure. If you allow chaos to make its way through your small business, you may find that everyday tasks become unmanageable and productivity drops. However, the good news is that you can take control of your small business, by using some very simple steps. Here are some steps for managing your small business-

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Reasons to start your own small business

cashflow19162760.jpgIt's important to understand that now everyone can or even should run a small business. If you are considering starting your own small business, there are certain factors that you should take into consideration. Starting a small business, can be a life-changing event. While being in control of your own destiny and your own money, can lead to the life you have always wanted, there are certain things that you need to be aware of. While most people find the appeal of being their own boss and setting their own hours as motivation enough to start their own business, few people consider the time and effort that it will take to be successful. So if you are considering taking this giant step, here are reasons to start your own small business-

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How to get the most out of your business plan

accountant37004036.jpgWhat is a small business plan and how can you get the most out of it? A small business plan is necessary to acquire financing for your company but it is also necessary to help you get organized and to know where your business is headed. The business plan needs to have renovations done to it every few years in order to strengthen your businesses appeal to investors and to also show banks that your business is headed forward and that it is strong. To get the most out of your business plan, you have to know why and how to write it. Here are the basic components behind a business plan:

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Stronger change management

businesslunchen32174886.jpgChange is inevitable in just about every industry. Some people adjust well to change as they know it is going to happen one way or another. How can you introduce change and get your entire staff to get on board with it? It comes down to having the right type of leadership skills and to have strong control over the company to introduce it without having backlash from the employees.

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Requirements to acquire a loan through the SBA

accountant37004113.jpgIf you have made the decision to start your own business, you will need to make the decision to work hard to make the business attractive to lenders. You want lenders to feel that this is a risk-free investment and that they will be able to acquire great profit from your company. To do this, you have to do your homework and you must be able to show lenders what they want to see in order to have a desire to invest in your company.

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Organizing a business plan

manonphoneinchina30392185.jpgThere are multiple things that go into a business plan. How can you create a business plan that will be successful? Here are some easy steps to follow that will help you to create a business plan and to also organize a business plan.

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Creating a breakeven analysis

accountant37004113.jpgThere are so many different aspects you must consider as you are working on starting a small business or trying to manage one. Business finances are an important component of any business and the breakeven is one financial component you need to pay close attention to. The breakeven analysis allows you to see if you are producing and selling products for a fair cost and that you are getting a good return from them. The breakeven analysis can determine where you need to change prices in order to boost profitability for the business.

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A crash course to business finances

emptychairs30393444.jpgThanks to the large popularity of small business owners encouraging their friends to start their own companies, we have a lot of new small businesses on our hands. The problem is that not everyone is cut own to be a small business owner and they all do not come with the same type of skills when it comes to business finances.

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Why you should start your own business

cellphone30365260.jpgThere are many people who dream of starting their own business. They long for the idea of setting their own hours and being in charge of their own destiny(in other words being their own boss). There is no denying that starting your own business, can change your life in many good ways. Being in control of the money that you make can lead to an enhanced lifestyle, and an ability to do the things in life that you always wanted to. It is important to keep in mind that while these motives are by no means wrong, and the benefits are undeniably appealing, there are also other factors and traits that you must have in order to ensure that you run a business that is actually successful. Here are some things to consider about why you should start your own business-

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Where to find an angel investor for your small business

business41865609.jpgIf you have already made the decision to try and find a angel investor, then you need to be aware that you are only halfway there. Angel investors are at once difficult and easy to find. The situation is similar to searching for gold. Generally, it's difficult to find, but once you hit a vein, all your hard work pays off in a big way. Finding an angel investor can be difficult, but with some hard work and creativity it can pay off in the long run. Here is what you need to know about where to find an angel investor for your small business-

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Understanding small business startup costs

accountant37004762.jpgIf you are considering opening a small business, the first things you need to do is figure out how much money you need. This can be daunting since determining how much money you need to start your own business, can be a challenge. It is important to keep in mind, that in most cases, the amount that someone needs to start a business is vastly different, from what is actually spent. You should understand that while it would be nice to have some way of calculating exactly what amount you will need to start your business, it is nearly impossible to do so. It can leave you wondering where to start. But you shouldn't be discouraged, since there are a number of different thing, that you can do to get as close as possible, to what your actual start-up costs will be. Here is what you need to know about understanding small business startup costs-

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Tips for starting a small business

discussion8075165.jpgIf you are interesting in starting a small business, then you should understand that there are several things you need to have prepared in advance, before you head to the banks to try and secure financing for your new business. Opening a new business takes time, effort and lots of research, even before you can begin the process. So if you are looking to take on this endeavor, here are some tips for starting a small business-

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Things you need to start a small business

confidence30842627.jpgSo you have a great idea, you are sure it will be a big success, and are ready to open your business. However, it is important to understand that making the decision to open a small business is only the first step. Savvy small business owners realize that making the decision to start a small business requires a lot of time, effort and planning. Most often the first step a would-be business owner takes, is to speak to their financial advisor about how much money they need to start their business. However, it is important to understand that there are several other factors you need to address when you are starting a small business. Here are things you need to start a small business-

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How small businesses can better manage finances

brokenpiggybank19151356.jpgStudies show that there are three main problems that many small businesses face. These problems can wreak serious damage on your small business finances. If you choose to ignore these business problems, they can seriously interfere, with your cash flow, and put your business on life support. Because of this it becomes crucial to understand these problems and know how to manage them. However, the first step is having knowledge of what can go wrong, and a plan to deal with it, when it does. Here are some things that small businesses can do to better manage their finances-

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Small Business and Recession

clip71731932.jpgMany would be small business owners, are left wondering if the current economic conditions are strong enough to start a business in. However, several studies have shown that a recession may be the best time to start a new business. There have been many now well-known businesses that were began during a recession. If you are willing to do some research, use careful planning and frugality, you might discover that now is the time for you to launch your dream. Here is what you need to know about starting a small business during a recession-

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Marketing strategies for your small business

buisnessmeeting26238539.jpgIf you are ready to begin marketing your small business in a bigger way, then you must understand that it will take some time and planning, to develop an effective marketing strategy. The purpose of your marketing strategy must be to reach your potential target market, in the smartest way possible. The first step is to determine exactly who your target market is, and then formulate your marketing plan. It is important to understand that every small business must have a sold marketing strategy, to follow in order to generate the interest they need from their target audience. Here are some marketing strategies for your small business.

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How to use email to build your small business

accountant37004036.jpgEmail is one of the most effective tools, when it comes to staying in touch with your customers. You can use email in a variety of ways, to let your customers know what you are working on, new offers and even to thank them. Since the foundation of building a customer base is by establishing a relationship with them, using email can help you do just that. The bottom line is that if you aren't emailing your customers anymore, you are missing out on some great opportunities. Best of all email is free, easy to do and you can have a staff member fill in, for you at anytime. Here is what you need to know about how to use email to build your small business-

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How to start the right small business

concernedman19185284.jpgIn today's volatile economy many people are trying to give themselves some security, by starting their own business. However, it is crucial to determine, the right small business, for you. You should consider both profitability, and your own strengths when starting your own business. Here is what you need to know about how to start the right small business-

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How to manage your small business finances

airplane30902462.jpgManaging your small business finances is just like anything else. You must have a plan as to what you want to accomplish. Many small business owners overlook the need to carefully have a plan on how to manage their finances. The bottom line is that failing to have a plan, in regards to any aspect of your business can be serious, failing to have a plan on how to manage your business finances, can literally bring about its downfall. In today's economy it has become crucial, for small businesses to have a tight hold over their finances. The finances problems of years past, that could just be ignored must now be dealt with immediately, to avoid serious ramifications. It is important to understand that your small business' finances are the underpinnings of your business's strength; as they go, so goes the business. There are several important steps you can take to manage your business finances. Here are a few of them-

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How to make teamwork a part of your small business

business41865609.jpgOne of the key components to making your small business work will be teamwork. A small business has a much better chance of success, if it operates with a strong foundation based on teamwork. This is because teamwork provides you with a chance to rely on your employees, and to harbor an environment of trust.

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How to build a customer base for your small business

businessmeeting30396676.jpgCustomer service is the foundation of any successful business. This is especially true for small businesses, who can often survive tough economic times, by providing better customer service then their larger competitors. Savvy small business owners understand that without customers you have no business! It is important to realize that if you can find a group of people who will buy your product you are well on your way to being a business success, but building a customer base can definitely be a different kind of challenge. In addition, building a customer base is part of cultivating return business. You need to focus on running your business in such a way, that the customers that you do have keep coming back for more!

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How to avoid small business mistakes

contract19160481.jpgThere are many people who have the dream of starting their own business, managing their time and hopefully making millions. However, few people clearly understand that the road to success can be pitted with problems and mistakes. The reality is that small business' have a high rate of failure. Savvy business owners take the time to analyze possible mistakes, and do everything they can to avoid them. If you are considering opening your own small business, or have already done so, here is what you need to know about how to avoid small business mistakes-

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All about different styles of managing a small business

business41865609.jpgThere are different styles of managing your small business. It is important to understand that every business has its own management style, and you must be able to work out a style that fits your needs, and the business needs, simultaneously. The success of your small business depends on the business management style that you will use running it. While there are several business management styles out there, there are 3 that are quite popular with most small business owners. Here is what you need to know about different styles of managing a small business-

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How to choose the right small business credit card

manwithcreditcard23282307.jpgIf you are looking, for additional financing, for your small business, you may be considering using a small business credit card. However, it is important that before you simply just choose the first one that is available to you, that you understand the intricacies of business credit cards. Small business credit cards provide you with a wonderful opportunity to meet unexpected expenses and keep your business afloat. However, there are certain things that you should be aware of, before you sign on the dotted line. Here is what you need to know about how to choose the right small business credit card.

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Tips to Improve Your Small Business

coworkersaroungacomputer22990951.jpgEvery business owner, no matter the size of their company, is always looking for ways to improve. However, for small businesses, improvement can mean the difference between being competitive for the long haul, or quickly dying out. The reality is that no business is static and your business is either on an upward track, or on its way down. Making improvements to make your business better is a very conscious choice. Small business owners must understand that not only must they balance their time, but choose the right area of business, that will make the biggest impact. Here are some tips on how to improve your small business-

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Small business management

contractor30905267.jpgWhen you take a look at your small business, are you overwhelmed at what and how to manage it? The day to day details, of managing your small business can seem unimportant, however, keeping control of seemingly unimportant issues, can help set your small business on the path to success. Remember that if chaos has crept into your small business, it is probably busy spreading throughout your organization like a virus. Keep in mind that disorganization and confusion are irritating, but they can be deadly for your small business. You can take control of your small business, by applying some simple management principles. Here is what you need to know about small business management-

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How to create a great marketing plan

accountant37004036.jpgWhen it comes to small business marketing, your options may be limited due to your budget and your experience. Hiring a marketing specialist to help you create a marketing plan will be money well-invested. A successful marketing plan for a small business will focus on your existing products and how to get them into the hands of your customers. Your marketing plan should be more than just a way to advertise to your customers, it is a great way to educate the public about your business, your products, and your services.

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Growing your small business with these simple steps

finances19158945.jpgAre you ready to take your small business to the next level? If you would like to grow your small business, you need to reach out to your customers through marketing, customer service, and several other things. Here are some simple steps you need to follow in order to grow your small business:

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Finding debt relief for your small business

moneyexplodingoutofbriefcase30891474.jpgThe financial position of your small business may have taken a large hit over the past few years due to the recession and the current state of the economy. If your customers aren't ordering as many products as you like and you are struggling to attract new customers that can generate more revenue for your business, there are some easy ways to find debt relief for your small business.

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Dealing with change

bills39158685.jpgSmall business owners must be able to adapt to a constantly changing industry. Embracing change is going to be your best option even though it's not always the easiest route to take for many small business owners that are naturally hesitant to change. Here are some of the different ways you can deal with change to keep your business running strong:

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Choosing the right colors to market your company

books30364900.jpgWhen you are designing a marketing strategy do you pay attention to the colors you use in your ads and your campaigns? Part of becoming successful with marketing is picking the right colors that will attract your target market's attention and inspire them to contact your business.

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Commercial real estate loan

manatdesk19160745.jpgA commercial real estate loan allows businesses to purchase land, buildings, or other property in order to gain business credit. Commercial real estate loans use the property being bought as collateral against the loan. Unlike the process for home mortgages though, approvals for commercial loans are based on the property you're interested in buying. You'll need a solid business plan in place and careful professional evaluation of the property to receive funding. Small business owners have a great opportunity to acquire a commercial real estate loan and build their business empire.

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What you can do to avoid mistakes

manatcrossroads32184552.jpgRunning a small business is not going to be easy all the time, you are going to make mistakes. The trick is that you just need to make sure you aren't making mistakes that are going to be detrimental to your company and lead to its downfall and demise.

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Startup tips for small businesses

manwithpointerfingerup30841443.jpgStarting a small business? There are several things you need to have prepared in advance before you head to the banks to try and secure financing for your new business. This article will guide you through some of the essentials you need to follow when you are starting your business.

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Smart marketing strategies

ladyspresentation26239036.jpgAre you ready to take your small business to the next level? How can you do this? The answer lies in smart marketing strategies. Every small business must have a sold marketing strategy to follow in order to generate the interest they need from their target audience. Here are some smart marketing strategies to help your small business.

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Small business insurance help

ladyoncellphone30335335.jpgWhen it comes to running a small business, you need to meet with several insurance companies to find a plan that works for your small business. Insurance is very expensive for small business owners so it is important to search around for the best possible insurance rates. Here are some of the things that will impact the cost of your small business insurance:

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Keeping your small business alive

clip71731932.jpgWhen you are starting a small business, it can be a big challenge to get your business up and running. Once you establish your business and you have a steady customer base, you are always subject to having challenges. Keeping your small business alive can be an incredible challenge for you. How can you make sure your small business is going to last through the years? This article will explain how to face small business challenges head on and move forward from them.

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Bookkeeping tips for small business

broker19160449.jpgBookkeeping is essential to make your business run successfully. Basic bookkeeping consists of your cash transactions, purchases, and your sales. If you cannot hire a professional bookkeeper to help you properly manage your books, you need to find a good software program to use.

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The money you need to start your small business

businessmeeting26246912.jpgDetermining how much money you need to start your own business can be a challenge. In most cases, the amount that someone needs to start a business is different from what is actually spent. While it would be nice to have some way of calculating exactly what amount you will need to start your business, it is nearly impossible to do so. So where can you start? Don't be discouraged, there are a number of different things that you can do to get as close as possible to what your actual start-up costs will be.

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Get small business start-up money in a down economy

brokenpiggybank19151356.jpgHaving the right amount of money at the right time is a key to making sure that you can get your business started. This is even more important when you are starting a small business in a down economy. Getting money is only part of the process but is an essential part of getting a successful small business up and running. Here are some tips on getting start up money for your business.

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Fine-tune your small business image

airplane30902462.jpgGetting the message out about your small business is essential to your success. The reality of the business world is that if people don't know about you or don't think much of you, then you won't do much business. Your business image is something that must be developed and nurtured for you to find the success that you are looking for. Here are some suggestions on some things you can do to fine-tune your small business image.

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Choosing wise personal small business investments

accountant37004036.jpgGenerally, the best way to sustain your growing business is through re-investing in the company or taking what profits you make during the first months or years of operation and putting it all towards furthering the business. While theoretically this sounds like a good idea because it is always better to use your own money instead of borrowing, there are some flaws to this reasoning that could be detrimental to you should you follow this advice. Funding future growth prospects is a great choice, but you need to be careful that you are not figuratively putting all of your eggs in the same basket. We are and have been in a recession. As a result, it is necessary to combine a moderate amount of caution with ambition. More and more it has become necessary for business owners to diversify their business investments as a way of safeguarding the profits that the business has made.

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Choose the right name for your small business

copyright9951803.jpgThe name that you choose to us for your small business says more about you and your business than you may realize. The right name can attract customers and the wrong name can definitely put some people off. Your business name should convey that you are an expert, that you are unique and that your business offers something of value. Choosing the right name for your small business may be more of a challenge than you realize. Here are some help tips to get you started:

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Are you and your small business a good match?

clip71731932.jpgWith all the dating websites out there and so many people talking about being able find their match, you may wonder if you'll ever hear the end of it. Not here. You need to know if you and your business are a good match and if you aren't what you should do about it. Here are some guidelines to help you know if you and your business are a match made in heaven.

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An open minded approach to small business challenges

mantalking30346145.jpgMaking any kind of change in your life can be a very challenging task to undertake and they are often much easier when other people are there to help you out with it. Keeping an open mind when you are making changes to your small business is essential for you to be successful and to be able to adapt to the constant changes happening around you. Running a business is challenging but can also be very rewarding when you have the right perspective about it.

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Why start your own small business?

ladyoncellphone33269406.jpgStarting your own business can change your life in many great ways. Being in control of the money that you make can lead to an enhanced lifestyle and an ability to do the things in life that you always wanted to. Not having to answer to anyone else and setting your own hours are two more popular reasons why people decide to go into business for themselves. While these motives are by no means wrong and the benefits are undeniably appealing, there are also other factors and traits that you must have in order to ensure that you run a business that is actually successful.

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Traits you need to be a small business success

buisnessmeeting26238539.jpgThe great thing about small business ownership is that anyone who wants to can have the opportunity to be their own boss. Unfortunately, the catch is directly related to the duration that these businesses last. Only those who have certain skills and traits can take their business ideas and turn them into a long-standing success. Researchers have looked into what makes a good business person and have come up with a list of traits that most successful business owners have in common.

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Small business spending mistakes to avoid

finances19158945.jpgIt is the American dream to be your own boss, start your own business, run your own company, and make millions. Just picture it now; there you are sitting at your beautiful custom made mahogany desk dressed in your Armani suit with your Montblanc pen in hand, ready to sign your multi-million dollar contract. You may laugh a little to yourself when you read that but chances are that secretly part of you wanted to be that business person.

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Small business solutions for the traveler

car71993610.jpgThe technology available today has changed the way that we do business. Not only have advances in wireless and digital technology made the work that we do more efficient, but also more versatile. There are fewer restrictions in terms of where you as a business person choose to set up shop. No longer are you limited only to a desk and chair, but for those who choose to live a more active lifestyle, travel and business can co-exist. The term "mobile office" is one that is being used more and more these days to describe the type of working environment that those who prefer to be on the move are using to live the lifestyle of their choosing and run a business at the same time.

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Small business marketing tips to consider

chart30392829.JPGWhen it comes to marketing a product, there are a lot of different strategies that you can use. Most people use methods like putting an ad in the paper, handing out flyers, or even making a television commercial. But if your marketing efforts aren't getting the results that you had hoped for, there are some less common marketing tips that may be right for you. Taking a different angle at approaching how you market your product may just be what you need to get your name out there and even save yourself some money in the process.

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Secrets to keeping your small business going

books30364900.jpgStarting your own small business is no easy task. Keeping it going is even harder. If you are worried about the future of your business, the best place to start is at the beginning. From the point that you start thinking about starting your own businesses and throughout the life of the business there are certain strategies that you can use to ensure that your business can withstand the test of time.

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How to get your product onto store shelves

lemonaidstand32273991.jpgMost small businesses start out in a similar way. You have a great idea, you work up a prototype, you have some success selling a fair number of products and then you decide to go bigger. Understanding how to sell your product is in some ways more difficult than coming up with or inventing the product itself. The first thing that you want to do on the journey of getting your product to market is to do research and learn how other people in your same situation did it. Learn from the mistakes and successes of others. The next thing that you want to do is get your priorities aligned. If you are going to get your product onto store shelves you need to make sure that you stay focused on that goal. Too many people become overly concerned with all the nuances of running a business that putting forth the effort to actually get the product to market becomes secondary. Remember, if people are not buying your product, you don't have a business. As you pursue the goal of getting your product to market, here are some helpful steps that should help you.

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Using your competition to your advantage

communication23689951.jpgCompetition is all around us and many times it doesn't turn out to be healthy. Small businesses make the mistake of competing with larger companies that have been in the industry longer and have much bigger wallets. Instead of comparing what your company has that the big fish doesn't, you need to stick to knowing where you are at in the market and that is filling needs that other companies cannot. Take a look at all of your competitors and find a way to use them to your advantage. Follow these simple rules and you will be on your way to great marketing campaigns and establishing a great reputation for your small business.

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Using the past to help the future

architect36832024.jpgWhile a lot of small businesses believe you should only look to the future, you can actually look to your past for some great tips on how you can help the future. As you create marketing strategies and other business plans for the future, take a look back upon the things that have worked for you in the past and avoid falling into the mistakes that haven't worked in the past.

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Understanding best practice

businessnegoations19314770.jpgRunning a small business is going to be difficult but as it continues to grow and you start to gain more employees, you may reach a point where you need to involve best practice to help improve the small business. Choosing the right best practice program will increase employee productivity, decrease errors and product defects, and improve the overall business structure of your small business.

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The basics of writing a great business plan

airplane30902462.jpgA good business plan is one of the best ways to go about branding your business. A business plan will also help you gain the financial backing you need when you would like to expand your small business or to purchase new equipment. A business plan is quite simply a document that explains the future of your business. It will give you and your employees a guide to the future as you will write down what you are planning to achieve and how you are going to go about accomplishing this goal.

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Surviving in difficult times

womanthinking26245328.jpgThe economy has taken its toll on small business owners and if you'd made it through so far, you aren't doing too bad. Unfortunately small businesses often have everything going against them and only about 2/3rds will survive the first 2 years and after that only half of those businesses will survive 2 more years. So with all of the odds going against you, plus the hardships in the economy, how can you find a way to keep your small business going strong? This article will explore a few things you can do to keep yourself in business.

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Staying in business for another year

broker30347317.jpgSince small businesses have all the odds going against them within the first 5 years of business, you may be looking for different ways that will help you stay in business for another year. How can you stay in business? It starts with 2 basic components, a good business plan and determination.

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Simple ways to meet your sales goals

businessmeeting26252755.jpgMeeting your sales goals can be a bit of a challenge. If you have been struggling to meet your sales goals, we have some easy tips you can try.

Tip # 1 - Search for new customers
If you give up your search for new customers, you won't be able to last too long.

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Selling when no one is buying

folder30394905.jpgMaking your monthly sales quota can be challenging, especially during a time when no one is buying. When you are trapped in the middle of a sales crisis during a time when your customers want to save instead of spend, all hope is not lost and there are a few simple tricks you can do.

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How to handle change

cellphone30362662.jpgWhen small changes happen in large organizations, a lot of people don't even recognize them and things just happen according to plan. With a small business, a small change can cause big problems for management and it can be difficult to help your employees stay focused on the goals of the business. Here are some simple steps you can take to help your employees handle change:

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Great tips to help improve your leadership skills

mangivepresentation30392901.jpgWhen the small business environment gets rough, the one thing employees need to be able to count on is their managers. A good manger can lead their employees through any challenge and come out on top and with the trust and respect of their staff members. So what qualities does a good leader possess? Here are a few you need to work on:

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Cutting costs for small businesses

money30389666.jpgEvery business is concerned with saving money right now, especially small businesses that have a smaller amount of working capital at their disposal. You can try to increase revenue, but this can often be extremely challenging when you are dealing with a struggling economy and customers that just don't want to buy. For small businesses, the phrase "stretching the dollar" really applies to their business. This article will explore some of the different ways you can work on cutting costs.

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Changing to keep up with the demands

airplane30902462.jpgIn order to keep your customers happy, you need to look for new ways to change your company's image or products once and awhile. You need to keep up with new changes in order to stay with the times or you risk looking outdated. Have you ever been to a mom-and-pop organization that looks like its still 20 years behind the times? While it may not be a huge deal to you because you like their food, it can be a completely different thing if you are dealing with a dentist or even retailer.

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Are you alienating your business with poor marketing?

laptop30767380.jpgA lot of small business owners are actually hurting their business because they have poor marketing skills. Some people think marketing is nothing more than posting a few ads in a newspaper and sending out some flyers and direct mail pierces. Your writing skills may be hindering your ability to successfully market to your customers and your personality may have a little bit to do with your marketing abilities as well. Here are a few mistakes you could be making and what you need to do to avoid making those mistakes:

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Adding consulting to your business

contract30901439.jpgSeveral hats are worn by a small business owner, one of which is learning how to be a consulting expert. Hiring a consulting firm to do this hard work for you is a good idea, but it isn't always feasible with budget restrictions. Before you decide to add consulting to your business, consider the following:

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A change of attitude, a change of environment

confidence30842627.jpgDo you find that your work environment seems toxic? Do you have employees that work against each other instead of as a team? What your small business may need is a change of attitude.

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Tips for renting your small business location

signhere22475317.jpgThe cost of the physical location for your small business's daily operations can be one of the most significant costs that you are faced with paying as the business owner. If working out of your home is not a viable option for you and buying your own business location is out of the question, renting is a good solution. Here are some helpful tips on choosing the right rental option for your budget and needs.

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The pros and cons of different small business advertising mediums

charttwo30340387.JPGKnowing how and where to advertise is what marketing is all about. Getting the word out about your product or service is key to obtaining new customers and keeping your current customers coming back. As a small business owner, it can be very easy to deplete a significant amount of resources in advertisements that do not yield sales. Such expenditures are to be avoided at all costs. Understanding your customer and what advertising mediums they are most likely to respond to can not only make you money but it can save you money as well. Here is a list of the pros and cons of different small business advertising mediums so that you can evaluate for yourself which options may be best for your budget and your target market.

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The benefits of small business microlending

moneyexplodingoutofbriefcase30891474.jpgMoney is absolutely essential for your business to stay afloat. Many businesses are having a hard time getting the necessary funding with the economic crisis in full swing and while banks are gun shy and don't want to lend as much money to businesses in need. If you are a small business in need of money, then one of the methods you can consider is microlending. Here is a look at the different options you have with small business microlending.

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The advantages of having a website for your small business

womanwithtwophones33344552.jpgThe widespread use of the internet over the last 15 years has made having an online presence almost essential for any small business owner. Since starting a website is relatively simple and cost effective, there are mostly just advantages to getting it done. Below you will find a list of a number of different advantages of having a website for your small business. In reading these advantages hopefully you will join the millions of other small business owners who are reaping the benefits of having an online presence.

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Setting up a website for your small business

laptop30347484.jpgIt is just about impossible for a small business not to have a website these days. Most customers have now come to expect that all of the businesses they use will have a website no matter how big or how small the company is. But even though having a website is just about essential, many business owners may not be sure just how to go about setting up a website for their small business. This article discusses information that can help a small business owner set up a website for their business.

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Online marketing for a small business

laptop30349514.jpgWith millions of people accessing the internet every day online marketing has become a must for any small business. Still, some business owners may find it difficult to crack the world wide web. The internet offers many different options for small businesses to use when marketing. Here are several online marketing options for a small business.

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Networking for a small business

accountant37004113.jpgSmall businesses rarely have all of the resources they need to function on a day to day basis. Generally, small businesses must establish partnerships and business relationships with other companies to ensure that the business has the supplies it needs and that its own product is produced and sent where it needs to go. Establishing these relationships can be difficult in the business setting, however there are a number of other ways to build these relationships. Here are a few networking methods for small businesses.

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Navigating the risks of small business ownership

debt19389797.jpgThere is a fine line between being a risk taker and being an unwise business owner. Of course there are going to be risks associated with running your own business, but you must also realize that there are plenty of ways to minimize your risks and prepare now to hopefully avoid the worst case scenarios that could lead to the demise of your business dreams. When you navigate the risks of small business ownership well, you improve your chances of being a success and minimize the damage that can be done to your business.

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Marketing for a small business

chartthree30393001.JPGHere are some great marketing ideas for a small business.

Community

It is a good idea for a small business to begin their marketing campaign right in the community they are located in. It is less expensive for a small business to focus first on marketing their goods and services to their surrounding community. Most likely those people are going to be their customers anyway so it is a good idea that they get some loyal customers in the local community to help them build up their small business so that they can expand.

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How to survive a down economy

overworkedwoman23649135.jpgA down economy can be fatal to a small business. Many times a small business is operating on a slim budget to begin with, and additional losses may be too much for the company to handle. Nevertheless, small businesses do not need to resign themselves to bankruptcy. There are several actions that can be taken to help a small business survive a down economy.

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How to start a small business

businessmeeting26251473.jpgStarting a small business takes a lot of time and preparation. This article discusses much of the preparation that a person needs to do in order to start a successful small business.

Knowing your business ideas

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How to make your small business more family friendly

family41831057.jpgStarting your own business takes a lot of work, time and courage. There is a significant risk that you take when you leave the stability of a job behind to start trying to make it on your own. That stress, worry and potential for failure and all its consequences can take its toll on both the entrepreneur and his or her family. There are far reaching implications if your investments do not pan out and this concern alone is enough to deter a good deal of potential small business owners. Fortunately, you do not need to let disappointing your family stand in the way of achieving your dreams.

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How to help your struggling small business

discussion8075165.jpgBusinesses of all shapes and sizes all over the world are struggling right now but that doesn't mean that your business has to be one of them. If your small business is struggling right now there are still things that you can do to pull out of the recession or any problems that you are having. Here are some steps that you can follow to make sure you are able to help your struggling business.

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Green options for a small business

missingpuzzlepiece19378437.jpgMaking a smaller impact on the earth has become a priority for our nation. Many businesses have embraced the idea and have taken steps to be a little greener. While it may seem that only larger companies have taken the steps to be greener, there are many things small businesses can do to lessen their impact on the environment. Here are a few options for small businesses looking to go green.

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Do you have what it takes to start a small business during a recession?

womanthinking26245328.jpgStarting a business is never an easy thing to do but can be that much more challenging during recessionary times. But there are some people that are willing and able to start their own business no matter what else is happening around them and they somehow manage to find success. If you are wondering whether or not you would be able to make this happen for yourself here are some suggestions and tips to help you out.

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Addressing the challenge of finding health insurance for your small business

mansmiling26246769.jpgInsurance is a big deal right now to a lot of people. The government is in hot discussion about what can be done to help those that don't have it and how to make users of insurance more responsible with it. But insurance, especially health insurance, is very important right now to employers and their employees. The whole issue can be very challenging in a business of any size but really seems to be pesky for small businesses. Here are some suggestions to help you make good decisions about health insurance for your small business.

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5 things every small business owner needs to know to stay in business

accountant37004036.jpgSmall businesses are not a rarity. It seems like just about everyone has tried their hand at being their own boss at one time or another, but very few people actually succeed. More than half of all new businesses fail within the first few years of operation. With odds like that, it can be very intimidating to take the leap and become self-employed. Fortunately, there are some things that you can do to improve your odds of a successful small business owner.

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Tips for writing a good business plan

manatdesk19160745.jpgWriting a good business plan can be difficult. This article offers five great tips to help a future small business owner write a good business plan.

Starting out

A great tip for writing a good business plan is for the business owner to begin by knowing what they want their small business to achieve. Before a business plan is ever written down, most people think about it in their head. This is a good way to start. Some people refer to this part as a vision for their small business.

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Tips for smooth small business operations

engine19009901.jpgBusiness operations are the different activities that occur each day to help a small business run. A small business owner hopes that these business operations will create an income for the business. For a small business to create income, it is helpful for the day to day business operations to run smoothly. This article discusses tips to help a small business owner ensure smooth business operations each day.

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Learning about a small business plan

industryonarch19367157.jpgWriting a business plan is an essential step to getting funding for a small business as well as running a successful small business. This article discusses what a business plan is, its importance, what a small business owner should include in a good business plan, and how to write a good business plan.

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How to choose the right small business for you

checkbox63308153.jpgDeciding to start a small business is only the first step a future small business owner needs to take in order to become a small business owner. Another important step on this path is for them to choose the right small business for them to own. This article discusses how to choose the right small business for you.

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Funding options for your small business

walletwithmoney8252668.jpgStarting up a small business can actually take quite a bit of money. And for a small business to continue to run and be successful it will also need money. This article discuses several of the options a small business owner has for funding their small business.

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Financing options for small businesses

portfolio37194094.jpgThere are many different financing options available to small business owners. And all of these small business financing options have both positive and negative aspects to them. This article discusses more about four of these small business financing options.

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Different small business operations

gears15607918.jpgEvery small business will run a little differently depending on the ideas and characteristics of its owner. But most small businesses will have similar day to day business operations that have to take place for the business to continue to run and especially to ensure the business will be a successful small business. This article discusses several small business operations and their essential components.

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Selecting your small business structure

architect36832024.jpgWhen it comes to determining your business structure, there are several things you need to consider. One of the most important things you need to consider is your liability to the business. A business owner should protect themselves from any liability associated with the business this includes things like tax implications, capital needs, and what happens to the business in the event of your death. Here is a list of the to 5 business structures that are commonly used by small business owners:

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Preparing your business plan

folder30394905.jpgA business plan is essential for business owners; it is often called the roadmap for your business. A business plan provides details about the description of your business, your products or services, your customers, and how you plan to make money. You need to develop some marketing strategies and provide information on how you plan to control your finances and manage your small business.

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Assess your business idea

gears8258220.jpgStarting your own small business will require a lot of time, dedication, patience, and hard work. Most small business fail within the first 12 months of operation, which is why you need to figure out if you have what it takes to start and manage your own small business. Here are some tips that may help you assess your business idea:

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Starting a home business: do I really need a business plan?

document23265159.jpgIf you are thinking of starting a home business, you may have heard or read that one of the first things you will need to do is create a business plan, or a detailed written summary of how a business will be organized and run.

Many people balk at business plans or think they are only needed when applying for a loan. But there are a number of reasons why you really do need a business plan:

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Help for the beginner: the best resources for starting a small business

manoncomputer30342716.jpgStarting a small business is an exciting and scary time-exciting because you can be your own boss and control your own income, but scary because for the beginner, there's a lot to know about starting a small business.

Because few people realize what they're actually getting into when they start a small business, like legal requirements, licensing issues, new tax requirements, insurance, and other issues, there are a number of excellent resources for the beginner. They can help you with any questions or issues you may have when starting a business.

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Corporation or LCC-which is best for me?

businessmeeting26246912.jpgAt some point during the business start-up process, a you will need to decide how to structure the business. There can be many ways to do this, but it is generally done in the form of a corporation or an LLC (limited liability company).

Before you can decide which is right for you and your business, take a look at some of the pros and cons of each:

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Building a business plan

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Once you have a vision for your small business, it is important to start building your business plan. A business plan is helpful for allowing your business to gain the necessary funding to get started. Here are some tips that can help you build your business plan:

Tip # 1 - Executive Summary

The executive summary is one of the most important aspects of your business plan. It must clearly define what type of business you are going to run, the people that are interested in your products, and how you plan to stay in business for a long time. The executive summary must be engaging, but it should not be too long. Some lenders will only look at the executive summary to make their decision while others will simply skim over it and look at the rest of your business plan.

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Small Business Plans

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What is a small business plan?
A business plan is a detailed written summary of how a business or entrepreneur plans on organizing and then effectively running a small business so that it will stay afloat and be profitable. These are often required so an investor knows the plan is well-planned for and well thought out before investing money into it. Business plans include such points as how to obtain funding, management and staff information, experience, marketing, and financial information, such as pricing.

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How to tell if your small business is failing, what you can do to prevent it

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Many small business owners do not know what signs they need to look for to tell if their small business is failing. They do not know what signs they should be looking for so whenever they have problems with their business they keep telling themselves that they can make the business work as long as they keep trying harder. In addition, for the most part the best way to prevent your small business from failing is to work hard and never give up. However, the thing is there are a few signs that you can watch for to let you know that your business is in trouble and you need to do something to help it.

Here are some warning signs that you should look for to know if your small business is failing.

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Cutting indirect costs for your business

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One thing that you can do in your business to help reduce costs is to look at your indirect costs. When looking at your indirect costs you can look to see, which costs you can reduce so that your business is earning their maximum profit. Indirect costs are things that are not related directly to your product or service but they are still needed to do business such as heat, lights, and rent.

Here are some of the indirect costs that you can look at to see if you can reduce your small businesses costs.

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Cutting direct costs for your business

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When you run a small business, you are going to be faced with both direct and indirect costs, which can affect the price of your product. Direct and indirect costs are expenses that your business has to pay, which can cut into the amount of profits that your small business is making. Direct costs are things that are related directly to your product or service, such as materials, employees, and inventory.

Here are some things that you can do to help reduce your direct costs for your business.

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Writing a small business plan

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If you are just starting your small business, you need to have a small business plan. A business plan can be thought of as your roadmap to your future. It clearly outlines where your company plans to go in the future and how you plan to get there. Simply, a business plan has 4 sections; business description, marketing, finances, and management.

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Creating monthly reporting procedures

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Small business owners have to be on top of the monthly reports if they expect to grow and work towards the future. Being organized is one of the best things you can do to create a productive workplace and it will help your company grow. There are several reports you need to control each month if you are planning on organizing your company:

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What exit strategy do I need for my small business?

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Those who have created a successful business know it does not happen without lots of planning, hard work, and a little luck. Yet ironically most business owners have no exit plan for leaving their business. The sad truth is that most business relationships do not have happy endings. To have a successful business, you must plan for a successful business exit strategy. This is especially crucial for small business owners since they often have much more limited resources to manage their business with. It is important to keep in mind that you have to depend on yourself and not the idea that your business will provide you with income after you are no longer there. This is simply not reality. There are four common reasons that necessitate having a business exit strategy and they often referred to as the "The Four D's of a Business Exit". Your business exit strategy will need to take all of these into account-

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Should I offer credit to the customers of my small business?

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Every small business owner knows that offering credit can increase sales. Consumers spend more when it is on credit and also it can establish a business relationship with that customer who will shop with you more often if they have a credit account for convenience. But offering credit is also a huge risk if your customer does not pay. This can cost you not only the amount that is borrowed but also any fees that must be paid in order to collect the money from them later. So it is vitally important to establish a policy in your small business determining when to offer credit to your customers. The good news is that there are some things to look for in a potentially good credit customer and ways to help them stay good credit risks. So if you are asking-Should I offer credit to the customers of my small business? Here are some tips to help you decide-

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How to write a business plan for a small business

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There are many steps to take in the process of starting your business. Those who dream of owning their own business often think they just need to set shop and open their door or set up their web site and the money will roll in. That is simply not reality. In order to be effective in business you will need an effective business plan. Your business plan will not only serve as a guide to you but will be a tool in order to gain funding from investors and banks. It will guide your marketing, influence how your hire employees and even who you target your product or service to. While writing a business plan can seem overwhelming there are simple steps you can take to break down the entire process. Some of the things you should think about before writing a business plan for your small business are-

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What do venture capitalists look for in a business plan?

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First of all, what is a venture capitalist? A venture capitalist is an individual who has the money or capital that you as the business owner needs to help get your business going. Venture Capitalists are looking for businesses where they can invest and then see a return on their investment. A venture capitalist does not give money to a business owner without expecting a worthwhile return. So how can you convince a venture capitalist that your company is worth investing in?

The concept seems simple. You need to develop a business plan. In this business plan you need to clearly explain your plan to be successful and make money. Detail is important, unless the venture capitalist can follow your logic and agrees with your philosophies, he is going to take his money elsewhere. Also, you need to make it abundantly clear that now only is your business going to be successful, but that your investors will be handsomely rewarded well above their initial capital investment. Be confident. Show your venture capitalists that you are the kind of person who makes things happen. They need to be confident that they are making the right choice not only in terms of the company but in its entrepreneur (that's you!)

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The Noguchi Filing System

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The top 10 reasons for using the Noguchi Filing System

  1. This Japanese filing system optimizes documents by frequency of use.
  2. This filing system called the Noguchi Filing System is an alternative to subject-based filing (as it's often hard to know what priority to categorize a document). By refiling documents in a way that groups frequently accessed materials at the front of the file-shelf, it automatically optimizes itself for putting most urgent documents closest to hand.
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Business planning for a home based business

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If you are starting a home based business you will need to make sure that you have all your plans ready before you actually start the business. You will need to make sure that you have all the necessary things in place so that your business can actually succeed. If you do not then you probably should not hope to do well in this new business of yours.

There are many, many things to consider. Here are a few of them:

-You will need to have a specific work area. You will need to keep your personal and work things separate. This is not just for organizational purposes, it is also for security. People who mix their personal and business things tend to have problems. They will have important business papers mixed with non-important home type papers, and important business papers may end up getting thrown away and lost

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How to identify the best niche for your business

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There are an almost endless number of products and services available on the market today for interested people to resell. How do you know which ones will turn a profit, and which ones will end up languishing in the recycle bin? Almost all markets are full of products that became an overnight success due to the correct niche marketing. In turn every market is full of even more products and services that never made it due to poor planning to attract the right niche market. The successful business owner will research where and how his product or service should be placed on the market thus ensuring the best possible profit margin.

Here are some guidelines to help find the best possible presentation for your product:

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How to identify the best niche for your business

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There are an almost endless number of products and services available on the market today for interested people to resell. How do you know which ones will turn a profit, and which ones will end up languishing in the recycle bin? Almost all markets are full of products that became an overnight success due to the correct niche marketing. In turn every market is full of even more products and services that never made it due to poor planning to attract the right niche market. The successful business owner will research where and how his product or service should be placed on the market thus ensuring the best possible profit margin.

Here are some guidelines to help find the best possible presentation for your product:

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How do Venture Capitalists Value your Business?

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Venture capitalists will conduct a through and extensive investigation into possible investment opportunities. This investigation is known as due diligence. If this investigation is done accurately and thoroughly this will give the potential investor the information to correctly value a possible business investment and avoid costly mistakes.

Potential investors will be looking at the possible value of any business opportunity from many angles. Obviously the investor will want to know what the business opportunity is worth before investing but many investors are presented with numerous opportunities for investment. A speedy due diligence process will allow the venture capitalist to choose the most potentially profitable investments to capitalize on.

The correct valuation of a business also allows the venture capitalist to construct the correct and most profitable offer terms, review counter-offers and negotiate the most successful deal. A successful valuation from due diligence also helps keep the potential venture capitalists or investor from the mistake of under capitalization that limits an investments potential.

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Getting your small business ideas out there

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Home business owners are constantly looking for ways to maximize their profits and get the word out about their home business. In order to get your small business ideas out there, you will need to market your business.

In order to successfully market your small business, you will need to use different marketing tactics. This includes combining different marketing resources and tools in order to reach more customers and draw more business. For example, let's say your primary marketing focus is direct mail. However, because mailing lists can be expensive, you can reach more customers by combining mailing lists with something else, like flyers or cold calling.

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A look at small retail business plans

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Every person who is thinking about opening up their own business needs to have a business plan. They are essential for many reasons. And they have to be perfect. They are the basis of a company. But what exactly are they and what needs to be included in them? Let's take a look at small retail business plans to find out.

A small business plan is basically a large document that states the plans for the business.
It gives information about what the person wants to do, the products or services he is providing, and pretty much everything else about the business.

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Using scheduling to improve your small business

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Small businesses owners have a lot of responsibility in their business, especially when they are first getting started. Most small business owners are constantly looking for ways to improve their small business. Being more efficient and effective can help small businesses save and earn more money. Since time is money in business, especially when dealing with small businesses, most small business owners will find that using scheduling can greatly improve their small business. This article will discuss how and why using scheduling can improve a small business.

Why a small business needs scheduling

Scheduling is very important, especially to a small business. Scheduling allows businesses to run efficiently and effectively. There are many different important events that small business owners and their employees need to remember. Delivery dates are important to remember. Deliveries may be made to the small business or by the small business. Employees meetings or meetings for the owner with other companies are very important to remember. When employees are ready and on time for meetings it shows that work is important and a priority.

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How to protect your business interests

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Your business interests can include many different types of interests. How to protect your business interests is then a very broad topic. To make it simple we'll take a look at some of the main business interests that will need protected and then how you can go about protecting those said interests.

The best way to protect your business interests is through insurance policies for the business structure. A good insurance policy will protect your business from either natural or man-made disasters. If you have a fire, flood, tornado or hurricane you will want the property of your business insured. You will also want the machines or supplies insured that are inside your business property. Your insurance policy will give you the money to either repair or help re-build. Small businesses with little cash flow will be very glad that they have insurance if there ever is a disaster. Cleaning up or fixing some disasters can take a lot of money out of your operations and close your business while you are repairing your business structure.

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Tips for meeting sales goals

recession19085238.jpgIn any organization, it's inevitable at some point that your sales team will hit a rut or run into some obstacles. Maybe it's because you're a new, growing company whose name isn't out there yet, or maybe it's because your team is discouraged. In either case, it is important to figure out what is wrong so you can meet your sales goals.

The following are some tips for meeting sales goals.

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Tips for establishing a foundation for value creation

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Value creation can be seen as the primary goal of any business or company. Creating value for customers helps sell the products and services the particular business offers and at the same time those services are creating value for the shareholders. Value creation is a critical business asset to have for any small or large business and with a good foundation it can only help your business.

Value creation is made when business revenue or the return on capital the business makes exceeds the expenses of that particular business or the cost of the capital. Value creation gives shareholders a stock price increase while also insuring the availability of investment capital to fund operations. Because of these definitions it is likely that a good foundation for value creation will help you and your business

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Creating then integrating business plans

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Small businesses are independently owned and independently operated. These businesses are favorites among their customers. They tend to provide great service, many times remembering specific customers. Small business owner tend to get to know the "regulars" very well creating a fun and friendly atmosphere. Small businesses have many differences compared to large businesses, but some things are similar. To be successful, both large and small businesses need to create and integrate a business plan for their business. This article will discuss how small business owners can and should create a business plan and then integrate it into their business.

What is a business plan

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How to increase your brand equity

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Your company most likely has a brand image either as a symbol or name that is used to identify your company. The branding of a product is very important and can add significant value when it is well recognized or has positive thoughts in the minds of consumers. This concept of brand recognition is also referred to as brand equity. Since you are reading this it is probably safe to assume that you are looking for ways to increase your brand equity.

How to increase your brand equity will have you looking at your brand image a little harder and maybe creating a whole new brand. You will need to look at different and perhaps unused ways to get your brand out in the open to the consumers. You will also need to see if your brand has a positive or negative brand equity associated with it.

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Creating then integrating business plans

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Small businesses are independently owned and independently operated. These businesses are favorites among their customers. They tend to provide great service, many times remembering specific customers. Small business owner tend to get to know the "regulars" very well creating a fun and friendly atmosphere. Small businesses have many differences compared to large businesses, but some things are similar. To be successful, both large and small businesses need to create and integrate a business plan for their business. This article will discuss how small business owners can and should create a business plan and then integrate it into their business.

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The importance of setting goals and objectives for your small business.

One of the most important things you can do when setting up your small business is to define objectives and set smaller goals to achieve them.

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Before you can really set realistic goals and objectives, it is important to first define them. Goals are set with the idea of achieving a specific thing. Maybe you want to increase sales by 30%. Or maybe your goal is to lower turnover. Goals are set with the purpose of achieving an overall objective. The end goal is referred to as your objective, and goals are the smaller accomplishments you make along the way that will help you to reach your objective.

In order for your goals and objectives to be useful for your small business, you will need to make sure they cover some key points.

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The best business models to help you revitalize your business

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One of the best ways to come up with a successful business model for your small business is to copy an already existing business model when you are starting up your own small business. While it is always possible for you to look at a small business model that you admire and then try to copy that exact same business model into your own small business-opening a small doughnut shop along the model of Krispy Kreme, for example-one of the most popular ways for owners to copy an existing business model and turn it into their own successful small business is to purchase a franchise.

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How to successfully exit your small business

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Planning a good exit strategy for your small business is just as important and just as crucial as planning a good start up strategy and a good marketing strategy and a good financing strategy for your small business.

5 tips for planning an exit strategy for your small business

1. Know how to determine the value of your small business
One of the most important steps that you need to take when planning an exit strategy for your small business is knowing how to determine the value of your small business. Valuation is vital when determining how much to sell your business for and how and when you should purchase a small business. There are several methods used for determining the valuation of a small business.

A. Rule of Thumb valuation
When Rule of Thumb valuation is used, a multiplier is used to determine how much a business is worth. The multiplier is projected upon the profitability and the cash flow of a business. The majority of the time, the base used for the multiplier is called "Earnings Before Interest and Taxes", also known as EBIT. Earnings consist of profit, rather than gross income. To determine the valuation of the small business, the Earnings Before Interest and Taxes is multiplied by 3, 4, or 5. Using the multiplier of 3 means that there will be a return of 33 percent per year; using the multiplier of 5 predicts a return of 20 percent per year. If a business possesses a small number of tangible assets, the multiplier to use is 3; if the business has a number of valuable assets, the multiplier to use is 5.

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How the Small Business Administration can help your struggling business

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There are many things that you should know about the Small Business Administration, one of the best and the most helpful tools that any small business owner can use. The Small Business Administration is dedicated to helping small businesses through the use of special government backed loans, workshops, information, training, contracts, contacts, networks, expert advice and assistance, and other different grant programs and development programs.

The Small Business Administration in the United States provides commercial financing for qualified small businesses. The Small Business Administration will either provide the financing itself, acting as the lender in the agreement. Or the Small Business Administration will choose to insure another commercial lender who agrees to provide commercial financing to a riskier small company or start up business.

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Tailoring a budget for your small business

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Depending on what type of small business you have will depend on what type of revenue you have coming in. No matter what type of revenue you have coming in you will want to make sure that you have some type of spending process so that you know how much is coming in and what exactly is going out. You will want to make sure that you have some type of budget so that you don't over spend and end up spending more money then your small business is making. One way to do this is to tailor a budget for your small business. Here are some tips on tailoring a budget for your small business that might help you.

The first tip is to have a spreadsheet. One the spreadsheet you will want to make sure that you list certain bills that you have to pay each month such as rent, utilities, and other expenses that you pay each month you run your company. You will also want to make sure that you put in your income that you make each month. Then at the bottom have a running total so that you can see if you are under spending or over spending each month. This will also help you to get a better idea of when your busy times are in your business and when they are slow. Then you will be able to know when you need to cut back on your spending.

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Setting regulations and policies to improve your small business

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There are so many different ways that you can go about improving your small business. If you are in need of improvement but you think you have done everything possible there is to do. You might want to reconsider things. Another thing you can do is to set regulations and policies to improve your small business. If you don't see how this will help your small business improve here is some information on setting regulations and policies to improve your small business that might be able to help you get a better idea.

The first thing is to make sure that you know what types of regulations are in effect right now. Once you have figured this out figure out how you can change them or add to them. For example if you certain regulations about when your employees can take off make sure that these regulations are being followed. The reason for this is because if one employee is taking off all the time which in return is making it so another employee always has to cover for them you might have a unhappy employee. Making sure that your employees are happy is one of the biggest ways to improve your small business. The reason for this is because if you have an unhappy employee your customers are probably going to be able to sense this and not like the mood that is being put off.

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Making your small business an e-business

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If you are looking for different ways to make your small business more of a success there a variety of ways you can go about doing it. One way that you might have more success as is making your small business an e-business. If you have heard about e-businesses but do not know what it consists of or how you can go about making your small business one. Here are some tips on making your small business an e-business.

The first tip is to know exactly what an e-business is. It is when you take your business online. The reason why a lot of small businesses go this way is because it saves them a lot of money. The way it saves you money is because it can be ran from your own home or a smaller space then what you would need to run a normal store. So you will not have the cost of having to pay for rent to lease a space and all of the other expenses that come with leasing a space such as your utilities and other things.

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Licenses needed to start a small business

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Starting a new business can be a very confusing process if the potential business owner has not done their homework. Every city and state has different laws and requirements when it comes to starting a new business. For the most part, the different requirements are all variations of a few basic elements. The following are a few generally requirements that may be required by a city or state government before a small business can commence operation.

Proper Licenses

No matter where a potential small business owner wishes to start their company it is likely that they will need to acquire a small business license. The process for gaining a license will be different in each city or state, but most will require an application fee, the name of the owner, and the name of the company. Others might also want to know the nature of the business and where the owner plans to operate. Business owners should make sure to gain access to all of the requirements for their geographic location to make sure that they are in compliance to all of the laws before they ever open their doors for business.

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Is real estate investment good for small business?

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Are you wondering whether or not your company should look into real estate investments? Entranced by the real estate empire built by Donald Trump? Real estate can be a fantastic way to increase your company's value and is general a wise investment choice. However, there are several things that you need to know about real estate investments, and the benefits and the drawbacks to real estate investments in order to determine whether or not real estate investment is the right investment option for your company.

Many companies decide to invest in real estate investment trusts, or REITs. Real estate investment trusts are a wise investment for companies because they have a beneficial tax structure that is similar to the tax structure of a mutual fund. In other words, no corporate tax is required to be paid by the trusts on any earnings that are distributed to the company shareholders. However, in order to qualify for this special tax structure, real estate investment trusts must distribute at least 95 percent of the earnings of the real estate investment trust.

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Assistance for small businesses

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There are numerous resources available to small businesses, ranging from services and counseling offered by non-profit organizations to the commercial services that are provided by professional financial counselors and advisors, along with marking professionals and publicists.

One of the most overlooked arenas for resources that are available for small businesses are the resources that are made available by the federal government. The federal government has a number of different organizations that are specifically designed to help small businesses achieve their goals. In addition, these federal agencies have regional offices so that local officials can work with you and your small business on a one-on-one basis.

The three main places to find resources that are made available for small business by the federal government are the Small Business Association at www.sba.gov, Occupational Safety and Hazard Association, at www.osha.gov, and also at the website www.business.gov, which is full of resources specifically geared towards small businesses and small business owners, particularly compliance documents.

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Writing a small business plan

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Writing a small business plan can be a very overwhelming task. Whether you are just starting out, need funding or want to watch the overall production of your business, creating a business plan will put you on the road to success.

When writing a small business plan, there are some things to consider before you start.

You must know who it is that will be reading it. If you are planning on getting bank financing then your plan will most likely be 10-15 pages focused on the bank's concern with risk. If you are planning on getting an investor then you are looking at 15-30 pages with an in-depth look at analysis and complete details of facts and figures to support assumptions of the market. A plan with investors presents the upside and downside on the return of investments. The bank plan lessens risk and you have capability to repay the loan.

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When to consider factoring for your small business

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Factoring refers to a practice where you sell your receivables for a discount before they are due. Factoring has usually been used in the clothing industry. Today, factoring companies are willing to buy creditworthy receivables from just about any industry. So, when should you consider factoring for your small business?

Most often, factoring is used by rapidly growing businesses that are facing short-term cash flow issues. Factoring is kind of an expensive way to obtaining financing for your small business. You are essentially paying for the cost of the capital, bad debt, and the paperwork that factoring has. If you can finance your business through other sources, you will most likely save money.

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The benefits of a small business credit card

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There are many benefits of why a business owner should have a small business credit card. Many do not have a business credit card for various reasons, but knowing the benefits will most likely change your mind if you are thinking about getting one.

A small business credit card works like an individually-owned card but there are a few perks. They include a lower APR, more flexibility in the credit limit, and other benefits that individual bank card holders don't always get. Business establishments can benefit greatly from using these cards, here a few reasons why.

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Business plan template for small business


One of the biggest mistakes that potential business owners make is to write down their business plan and think that it is right the first time. The key to any successful writing is to write it more than once.

So write down a "rough draft" as it was called in school and then read over it again and again. Have other business professionals and associates read it over again and again. Each reading will bring ways to improve it and make it perfect. If you think your first draft was perfect, then you aren't going to very far.

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Why and how to prepare a business plan


When going on a trip, what is the first thing that you do? When you decide you want to get married and want everything to be great, what do you do? When you want ends to meet in college and make sure that everything is paid for, what do you do? The answer to all of these is to plan. Plan plan plan plan. Get used to saying that word because it there is a lot of it involved before a business ever becomes a business. We are going to discuss why a business plan is important to have a how to make one. After reading this, you will hopefully understand that not having a business plan is like shooting yourself in the head with a glock at point blank. A business plan is the constitution and a guide to your business.

Having a business plan is extremely important for many reasons. The plan itself keeps the goals and intentions of the business in tact. It keeps things organized and makes it easier to work through potential problems that could arise. When the business is down on paper, it should become a working model that can be tested with hypothetical situations and actual numbers from market analysis. It should give a sense of how well the business will do in its first few years and give a glimpse of its possibilities in the long term. Now that you know why its so darn important, let's talk about how to actually make one.

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Strategic thinking and business planning for your small business

If you own your own small business, or if you are thinking about starting up your own small business, then it is incredibly important that you understand the centrality of strategic thinking and business planning for your small business. If you don't have a good business plan and a strategic approach to your business, then success will only be a matter of luck-and luck only goes so far when it comes to business.

Here are four key areas where most small business owners need to focus their strategic thinking and their business planning in order to ensure successful running of their small business.

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Tips for finding and equipping premises

Five tips for finding and equipping premises. As you start to look for the right premises for your small business and the equipment you will need to run that small business, there are five tips you can follow that will make that process simpler.

Tip #1

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What should be included in your home business plan


When you decide you want to start a business, whether it is a home or small business, one of the most important things to do first is to create a business plan. Without a business plan you will be unorganized and have a much more difficult time planning all the necessary steps to your business. But what should be included in your home business plan? Well, you're in luck. This article will teach you a few tips for what should be included in your home business plan and hopefully get you started down the right track of business planning.

Your business plan should include the following items: an executive summary, business description, market strategies, competitive analysis, design and development plan, operations and managements plans, and financial components. Now, if you're having trouble writing it up, here are some tips that might help you.

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How to ensure your estimates are right when you have service oriented small business


When you decide you want to start a business in a service industry, whether it is a home or simply a small business, one of the most important things to do first is to create estimates for your business. Without estimates, you will have no idea what to expect as you start your business. But how can you ensure that your estimates are right? Well, you're in luck. This article will teach you a few tips for how to know if your estimates are right in your service oriented small business.

First of all, the best way to find out if your estimates are right is to do some research on the specifics of your business. Find out what other similar businesses do. You may even consider asking around. Companies that do similar types of service businesses may be able to offer suggestions on whether your estimates are on track or way off base. If you're too chicken to ask another business owner about your estimates, or if they simply won't offer information, try to get someone on the inside to act as a "spy" for your business. If you want to own a restaurant, go to similar restaurants for ideas of their estimates. Try to lure one of their employees away and ask them all the inside tips. Now, this may not be considered very polite in the business world, so you may want to seriously consider your personal ethics on the matter before you do it.

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How to prepare an effective business plan


As a small business owner, you are hoping to find a lot of success and personal satisfaction through working in your small business. However, just like with any other job, there can be some struggles and hard times for your small business ahead. If you want to better prepare yourself for these harder, less than perfect moments, you will want to write a good, effective business plan. Preparing an effective business plan is helpful because it not only prepares you for the worst, but it also helps you anticipate and work for the best in your business! Here are a couple of tips in how to prepare an effective business plan:

 Be realistic in your expectations: One of the most important things that you will need to do in order to prepare an effective business plan is to be realistic! Although being realistic and sometimes brutally honest with yourself is not always fun, it is important to do. Otherwise, your business plan will not be effective! For example, preparing reasonable profit projections is a great way to make sure that your small business plan is being realistic and effective. If you are aiming too high and being unrealistic in your profit projections, this will make your less effective because you are not being reasonable. You will not be able to work as effectively if you are trying to meet unrealistic expectations, for your goals will be off of a fair, reasonable target.

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Where to go for counseling and assistance for your small business

There are a number of locations where you can go in order to take advantage of various counseling and assistance services that are geared specifically for small businesses.

Generally speaking, there are three different types of organizations that offer counseling and assistance to small businesses: commercial services, non-profit organizations, and governmental organizations. All three types of organizations can be very helpful for small business owners; be aware that the majority of non-profit organizations and especially governmental organizations offer their counseling and assistance services for free.

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Should you join a small business association

If you an owner of a small business or are thinking of opening a small business it would be a good idea if you joined a small business association. There are many different small business associations, most states have one, there is a national one and many more are run by non-profit organizations. Small business associations are designed to provide support to small business owners through numerous resources and experts. While there is a membership fee involved in joining a small business association many small business owners find paying the fee to be well worth it because of how much small business associations can help the small business owner.

Here are some things that small business associations can help with.

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How to choose an attractive format for your business plan

In order to get anywhere with your small business you are going to have to create a business plan. Business plans are very important when you are trying to get funding for your business because it will allow your lenders to see what your business is about, how you plan to make a profit, what kind of expenses you expect to incur, and many other things that are needed to run a successful small business. Business plans can be written down on paper, but many times your paper business plans just end up sitting on desks in piles because they are not among the more attractive business plans. But the good news is you can also use power point slides as a format for your business plan.

Using power point will enable you to use concisely state your business plan because you only have so much space to work with. Using the least amount of words also makes it easier for potential lenders or venture capitalists to read. Power point also formats your business plan in a slide show that is easy on the eyes but provides a more attractive background format then just plain white paper. When using a power point slide show to format your business plan you should use about 10 slides with a professional looking background.

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Product promotion, choosing the right plan to grow your small business

When you are trying to promote products and help your small business to grow, there are a lot of things that you can do! Promotion generally refers to different activities and strategies that you can do to help people become aware of the product that you sell. These promotions can come in the form of community involvement, sponsorship of certain events, and specialty items (such as a water bottle or a keychain). There are a couple of different options of promotion plans that you can choose from. Generally there are a few plans which are best suited for your business and type of product, so it’s a good idea to choose carefully! Here are two different ways that you can choose the right product promotion plan to help your small business to grow:

1) Think about your company and product image: What kind of image do you want your product and business to be associated with? The way that you promote your product and the activities that you support with your business will help to create a certain image for potential customers. This is a very important thing to consider, so that you can choose the right plan to grow your small business. For example, if you give away specialty water bottles at a race fundraiser for cancer patients, your product and your small business will become associated with health care issues.

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How to write an effective, realistic business plan

Everyone who opens a small business hopes to find success in their endeavor. However, not everything goes perfectly in life, and a realistic, effective business plan will help to anticipate those imperfect moments. Writing an effective, realistic business plan is helpful, though, because it not only prepares you for the worst, but it also helps you anticipate and work for the best in your business! Here are a couple of tips in how to write and create an effective, realistic business plan:

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How to wisely form a business partnership

Business partnerships can start out as seeming to be a beneficial arrangement but often times the end result is less than ideal. Obviously there is much to consider when establishing a business partnership. Perhaps the biggest consideration is choosing your business partner. You must choose your business partner wisely because his actions will not only reflect on your professional character but they will also largely determine the fate of the business.

After you have chosen a business partner and have worked out between the two of you what roles you will play in the business the next step is to seek legal council to make it all official. Legal assistance in forming business partnerships is one of the wisest things that you can do. Licensed professionals who are familiar with partnership agreements can help you decide which agreement is appropriate for your situation.

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How to find a sample business plan, and mirror it

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Congratulations! You have decided to go into business for yourself and are taking the steps to make this dream of yours a reality. However, there are a few warnings that you should heed. Having a good idea is one thing, having a good plan and successful implementation is quite another. A business plan can make or break your prospects of carrying your idea through to reality. You need to ask yourself the hard questions of reality and make sure that you are willing to work at the level necessary to build your business from the ground up.

Important questions to ask:

  • Is the plan simple?

  • Is it easy to understand and to act on?

  • Does it communicate its contents easily and practically?

  • Is the plan specific?

  • Are its objectives concrete and measurable?

  • Does it include specific actions and activities, each with specific dates of completion, specific persons responsible and specific budgets?

  • Is the plan realistic?

  • Are the sales goals, expense budgets, and milestone dates realistic?

  • Is the plan complete?

  • Does it include all the necessary elements?

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Creating a realistic business plan

Many times business owners and entrepreneurs are anxious to write up a business plan and see immediate profits and business growth. It is, however, important to keep in mind that with any successful business plan both short term and long term plans are vital. There are typically two broad categories or sections that most business plans contain. The first is a visionary plan and the second is a strategic plan. A visionary plan is conceptual while a strategic plan is tactical, focused, and able to be implemented and measured. Although visionary plans are important for the inspiration and motivation of creating and following through with a business plan, a realistic business plan contains researched data, planned courses of action, and a timeline. A strategic plan can provide the foundation for a business plan.

Creating a realistic business plan must begin with a substantial amount of information gathering. You must have a clear framework for your business plan before you can ever sit down and actually write it out.

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What is the best business plan template to use?

Business plan is a vitally important part of getting your business up and running. A business plan is what you will present to potential investors, partners, or clients in order to acquire the assets necessary to move your business idea to the next level. It is difficult to start acting on your business plan without capital, so you really have to make a good impression when you present your business plan.

The very nature of a business plan in that is be highly specific to your business ideas. You need to say how you will act on certain ideas. There are no right or wrong answers and therefore there is no one business plan template that is best for every one. There are some basic principles that need to be present in every business plan. They include the following:

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Tips for coming up with an effective business plan

Anyone can come up with a business plan, but few can come up with a business plan that will actually work. Effective business plans are not impossible to create but they take a lot of hard work and planning if there are going to be effective. You can have a wonderful idea for a product or service that lots of people will be willing to buy, but without proper planning and execution even the best business ideas never see success. This is why it is so important to start off on the right foot and to create a business plan that is almost guaranteed to be effective.

Below are some characteristics that make for a successful business. In order to see your business grow from an effective business plan to an effective business, your business plan needs to include ways that you are going to accomplish the goals of having and being...

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Steps for writing a business letter

A business letter is a formal letter written from one professional to another. Business letters are unique and although there are a few basic rules of etiquette to follow when writing one, you can certainly put your own personal touches in your letter to make it less stark. Below are simple steps for writing your own business letter.

To Begin
The start of your business letter needs to include the person that you are writing to as well as a the word "dear" in most cases. First names are only used if the business letter is meant to be informal or if you have a close relationship with the person to which you are writing. Some common male titles are Sir or Mr. For females you should address them as Madam, Mrs, or Ms (only use Mrs if you know that the woman to whom you are writing is married and prefers to use the title of Mrs If you are unsure, play it safe and use Ms for women). Other non-gender specific titles include: Personal Director, President, Human Resource Department Member, etc. Of course it is appropriate to write "to whom it may concern" if you are unsure as to who will actually be receiving your letter.

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4 tips for choosing a format for your business plan

When you decide you want to start a business, one of the most important things to do first is to choose a format for your business plan. Without a format, you will be unorganized and have a much more difficult time planning all the necessary steps to your business. But how to choose which format would be best? There are so many options out there, many of which would be great if you simply knew how to use them. But some formats might work better for certain types of business or companies. How do you know what type of business status you should start with? Well, you're in luck. This article will teach you a few tips for choosing a format for your business plan and hopefully get you started down the right track of business planning.

1. First, you need to decide what kind of legal status you want your business to have, since this will directly impact the format you choose for your business plan. There are many options. Here is a brief overview of the main ones:

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