Business World

Business World

What is a successful business?

Everyone who starts a business must have a clear cut direction and goals set up.  Some of it might be written but many times it’s in the mind of the one who started .  Either way the success is determined by the individual.  Some measure their success by the money they earn, some by growth, and others by the amount of people they help.

 

How to write a business plan?

If you want to raise money for your business startup or want to expand it, you’ll most likely need a business plan.  This is a written description or plan of your goals, direction and projections.  There can be many parts to your plan.  Most investors, institutions or agencies will want you to produce one.  They want to know that you did research and really planned it out.  We’re going to break it down briefly here:

  • Executive Summary – this is usually the first section of your plan, in this section you talk about those that put the business together and what it’s all about.
  • Market Analysis – now you discuss how who your market is, who your competition is, what you’re going to do differently, and how you intend to get your potential customers interested in what you do.
  •  Financial Projections – now this is big, you must show any potential investor that you plan on making enough money to pay them.  No matter who it’s described in any other site, making money is the bottom line.

There are many more parts and details that you need to learn about.  Here is the link to the SBA site giving many more details.  Check it out.

Here are some magazines and publications that we feel you might be able to find some good business information.

Inc. [Print + Kindle]

Fast Company [Print + Kindle]

 

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