Entrepreneurs: Avoid These 5 Common Business Plan Mistakes

All entrepreneurs and business owners plan to grow their companies. However, in order to make that growth happen, you’ll need to create an actual business plan.

There are numerous benefits to creating a business plan; perhaps the most important reason is the fact that no lender will take you seriously if you don’t have one. In addition to helping you acquire funding, a great business plan can serve as a best practices guide for you and your staff while helping you identify milestones and stay on track. It can also be a resource for planning and managing cash flow.

Procrastination is the number one business plan mistake.We’ve already covered what you need to do in order to create a good business plan. But, just as important, you need to know what not to do as well. Here are five common business plan mistakes to avoid: Continue reading “Entrepreneurs: Avoid These 5 Common Business Plan Mistakes”

Our Review Of 3 Free Business Plan Resources

A solid business plan is essential to the success of any new business venture. But how can you create one that business plan resources help secure fundingworks for you? Fortunately, there are many free business plan resources available, and we’ve taken a look at some popular options to let you know which ones you should plan on using for yourself. Continue reading “Our Review Of 3 Free Business Plan Resources”

5 Critical Elements Of A Business Plan

business-planA business plan can be a valuable tool for business owners. For someone looking to get financing, a business plan is necessity. You won’t even get in the door without a solid plan in hand.

Even for established business owners, a business plan can prove extremely useful.

It serves as a map for the where your business is headed and how you’ll get there. Every business plan has certain elements that readers expect. Here’s a look at five of them.

Continue reading “5 Critical Elements Of A Business Plan”