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An Honest Look at Your Business
There is a difference between being comfortable and being in apathy. It is very comfortable to have a smooth running organization when you have a team that knows what to do and does it. It is comfortable to have this group take care of your company...

An Honest Look at Your Business
There is a difference between being comfortable and being in apathy. It is very comfortable to have a smooth running organization when you have a team that knows what to do and does it. It is comfortable to have this group take care of your...

Being Other Focused
Being "Other" Focused In the Wall Street Journal, Franklin Lavin, U.S. Ambassabor to Singapore wrote the Manager's Journal column about some of the things he learned from the late President Reagan while working on his staff. ******** PLEASE NOTE...

"Bridging the Gap": Don't Forget Your Core Customers!
The big news in the business sector last month was the resignation of Millard Drexler as CEO of The Gap. The once highflying retail chain has hit hard times, losing money in the last four quarters and slipping disastrously close to bankruptcy. ...

Preparing For Change During International Expansion
It was Charles Darwin who once wrote: “It’s not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change”. Business survival in the 21st century will depend on just how much firms are willing and...

 
Basics About Writing A Business Plan

Just about every nine to fiver has dreamed of leaving the world of office politics or the factory floor behind and starting a business of his or her own.

There are many reasons why owning a business is such a common dream. For one thing, owning a business puts you in solid control of your future and your earning power. Instead of tying your financial future to the fortunes of another, an entrepreneur takes matters into their own hands and takes charge of their financial future.

== Making Sure Your Business Is Successful ==

It is a good idea to make sure your business is successful before you quit your day job. Why not work on your present job and build a part time business on the side?

Of course starting a new business is never easy, and the failure rate for a new business has historically been high. It is vital, therefore, to create a solid, detailed and complete business plan before quitting your job and striking off on your own.

== Financing Your Business ==

A business plan is a very important document, and it is necessary in order to obtain the financing that every new business will need in order to get off the ground.

It is the rare business that can get up and running without outside financing, and a business plan is an absolute necessity in order to obtain that needed financing.

== Researching The Business You Plan To Start ==

When it comes to writing your business plan, it is important to thoroughly research the business you


plan to start.

== Things Your Business Plan Should Include ==

The business plan should include information on such things as the annual operating budget of the business, the proposed expenses of the business, any equipment needed to run the business successfully, and the proposed location of the business, including the amount of the rent or mortgage payment.

In addition to the basic financial information, it is important that the business plan contain information about the partners of the business, including their areas of expertise and length of business experience.

The successful business plan will also include relevant information on specific challenges faced by the particular industry, including any specific legal challenges or tax ramifications.

Starting a new business is exciting, but it can also be nerve wracking and stressful. It is important, therefore, to do as much research as possible, and gain as much knowledge as you can. Only by garnering a thorough understanding of the business world and your place in it can you enhance your chances for success in today's competitive world.
About the Author

Shaunta Pleasant is a professional web writer and editor on business plan topics. Visit my site to learn more about writing a business plan at http://www.business-plan-made-easy.com

 

 

 

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