Business Planning

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Budgeting Tips for Startup Businesses

Budgeting for a new business will only be effective if all of the necessary information is included. Learn what to consider when creating a startup business budget.

Published by SusieBrown (117 pts) on Nov 19, 2009 to
Entrepreneurs Articles
Keep Track of Customers with Online Applications

The practice of using online applications in tracking customers continues to rapidly expand in scope and depth of precision. Customer Relationship Management tools (CRM) provide an insight into a customer’s history, service requirements and potential sales opportunities.

Published by William Busse (284 pts) on Nov 18, 2009 to
Entrepreneurs Articles
Creating a Business Plan From a Flow Chart

Creating a business plan from a flow chart is a good tool wheen seeking to obtain funding for new businesses and expansion initiatives. Understanding the value of flow charts and using them as a basis for business plan development will lead to a better organized and more professional presentation

Published by William Busse (284 pts) on Nov 13, 2009 to
Entrepreneurs Articles

Developing a Sales Forecast in Excel

Even if you're not preparing a full business plan, it's important to develop certain financial goals and reports. In this guide, we'll show how to use Excel to produce a sales forecast that can be as simple or complex as you need it to be.

Published by Michele McDonough (78943 pts) on Nov 13, 2009 to
Entrepreneurs Articles
Putting a Value on Sweat Equity

Can you put a value on sweat equity? How is sweat equity determined? This article will also provide examples and analogies to better explain sweat equity, its elements, and value.

Published by R. Elizabeth C. Kitchen (9095 pts) on Nov 7, 2009 to
Entrepreneurs Articles
Establishing a Board of Directors

As your business grows, you should consider putting together a board of directors to help you grow more effectively and gather funding, if needed. Who should be on this board? How can they help? What should their responsibilities be?

Published by kocherp (6210 pts) on Oct 23, 2009 to
Entrepreneurs Articles

How to Estimate Your Opening Balance Sheet

If you're buying an existing business or starting a brand new enterprise and seek funding, chances are you will need an opening balance sheet. Jean Scheid takes a look at how to estimate your opening day balance sheet.

Published by JScheid (21666 pts) on Oct 23, 2009 to
Entrepreneurs Articles
Manpower and Capital Expenditure Components of a Business Plan

In Part 2 of this series, we covered the Marketing Plan. Based on that, you already have a mental picture of the resources you need to implement the Marketing Plan. Intuitively you can classify the resources into Labor, Capital and Technology. We now cover this component of our business plan.

Published by Venkatraman (1453 pts) on Oct 10, 2009 to
Entrepreneurs Articles
Business Model and Marketing Plan Components of a Business Plan

Having understood the main components of a business plan in Part 1, the next questions to be addressed are what product-service mix will the venture get into and how will the business generate revenues and profits? Answers to these questions can be found in the business model and the marketing plan.

Published by Venkatraman (1453 pts) on Oct 10, 2009 to
Entrepreneurs Articles
Life Insurance and the Business Owner

Becoming an entreprenuer means understanding the importance of life insurance for the small business owner. Do you have enough life insurance to cover business expenses? Jean Scheid looks at reasons the small business owner needs to have life insurance.

Published by JScheid (21666 pts) on Oct 6, 2009 to
Entrepreneurs Articles