In part 3 of our business planning series we tackle the dreaded financial forecast head on. You’ll pull together everything you’ve learnt in the 90 day challenge to create compelling, realistic financial projections for your startup. It’s not as scary as it seems and we’ll show you exactly what you need to do.
A financial plan is essential to any business plan. But it’s also essential to you as a business owner, to give you a solid grasp of your finances. Let’s tackle the third and final part of the business plan series.
So far in your business plan, you’ve demonstrated that you’ve thoroughly researched the market and your competition. Now it’s time to write about the practical side of your plan.
Last week, we explored how to format your business plan, as well as writing your executive summary, utilising your competitor analysis and setting your objectives.
It’s time to focus on the specifics of how your business is going to run and operate on a daily basis.
If you’re a seasonal business owner you’re probably all too familiar with the feeling of uncertainty, especially during the dreaded off-season.
Sound like you? Well, you’re in luck!
Today, I’m here to help you to plan ahead so your business survives throughout these quieter periods, reducing your off-season anxiety.
By the end of this article, you will know how to forge a plan of action that will allow your business to get through the off-season without any cash flow problems.
A business plan is required to sell your idea to investors or banks, persuading them to fund you. They won’t just part with their cash, you need to make them believe in your idea as much as you do! Even if you aren’t going down this funding route, creating a business plan gives you focus, direction and a clear path to achieving your goals.
Welcome to week 11: The Business Plan Part 1 – Your Business Proposition. This is part one of three ( you can find part 2 and part 3 here), and we will continue to delve the how to make a business plan over the next few weeks!
In this article, we look at the different types of investors, their characteristics and the stake they have in the businesses they invest in. If you’re looking at who to pitch your business ideas to, it’s worth being aware of the different opportunities for external funding out there.
How to fund your business is a question of key importance for entrepreneurs. Many businesses don’t just seek out a single source of capital, but have a wide variety of different funding sources. In this article, we outline some of the most common ways new businesses are funding themselves today.
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