Tag Archives: business plan

Secrets to Financing a New or Growing Business | All Business

Obtaining funds to start a new business or to expand an existing one can be a challenging and exciting experience. Before lenders and investors can commit to funding, they will want to know there is a high chance that your business will be successful.

Certain areas need to be addressed and prepared such as a coherent and comprehensive business plan that includes marketing strategies, financials, product or service offerings, competitor analysis, and short- and long-term growth strategies.

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Startup Business Forecasts Are Not Black Magic, Just Smart Business | Entrepreneur

20141223205641-magic-8-ballMost aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five years are a necessary element in every business plan.

External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. How else will you be able to convince yourself and your team that your business is viable? You need these projections to set internal goals and milestones, and to measure your progress toward reasonable success objectives.

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Deal Volumes Slow Q3 2012 | Cooley LLP

Deal volumeOther deal trends continued to point to investor caution and negotiating leverage. The percentage of deals with participating preferred provisions  increased from the prior quarter across all deal stages. The data also saw an increase in the utilization of pay-to-play provisions in Q3. In another signal of investor caution, we witnessed the percentage of tranched transactions reaching 20.5% of deals in the quarter, a marked increase from the prior quarter.

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Common Mistakes in Investor Pitches | Startup Weekend Orange County

Pitching to investors is a crucial moment in your company’s life. It’s easy to get so caught up talking about all the big-picture awesomeness of your product that you forget to go into the specifics of your business plan. But investors expect your to address both the business and product sides of your endeavour. If you spend to much time explaining one side or the other, it might leave investors unsatisfied or confused about your company. So, in order to help you better understand what specifically investors are looking for in a presentation, we at YetiZen have decided to describe some of the most common mistakes in investor pitches and how to avoid them.

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How Good Is Your Vision? | Peter Mehit

Proverbs 29:18 says, ‘Where there is no vision, the people perish’. President George H.W. Bush famously said, ‘I don’t do the ‘vision thing’’. And your mom said, ‘Eat your carrots, it will improve your vision’. Somewhere in those three different perspectives, you can see how people look at the idea of vision. Some see it as corporate boilerplate, some don’t get it and some think it’s a matter of survival. I tend to fall in with the latter camp.

Vision is imagining a future state you want to achieve. It’s where you want to be at some date certain. Some people visualize a nice house and car and comfortable life but little beyond that. Even though they may not know it, they choose the schooling, jobs and investments they need to achieve that vision. Their unconscious mind keeps working toward the vision they have set.

People who don’t visualize where they want to be in the future end up wherever the tides of chance carry them. They may be lucky and end up in a good situation, but more often than not, if they are living in the moment all the time, and the outcomes are not usually satisfactory.

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It’s Time to Purge the Word Entrepreneur | Duct Tape Marketing

I believe there are really only two kinds of small businesses – healthy ones and unhealthy ones.

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Venture For America Will Do For Entrepreneurship What Teach For America Does For Education | Fast Company

Like Teach For America, VFA will bring promising college graduates to work in underserved communities for at least two years. Startups that focus on up-and-coming industries (i.e. education innovation, energy, biotechnology) will be offered a VFA fellow for a salary of $32,000 to $38,000 annually. At the end of the two years, the companies can opt to hire fellows under new terms.

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10 Things You Should Know About Franchises | Peter Mehit

Many people displaced by the Great Recession are looking into purchasing franchises to replace their income. For many people whose primary work experience has been in corporations, franchises are appealing because they are a ‘business in a box’. For the payment of a license fee the buyer gets the accumulated knowledge and experience of the franchisor along with systems and methods for marketing, hiring and operating the business. A franchise generally has brand recognition, a known product and can provide answers for people just getting into business ownership.

With everything laid out for you, there are fewer decisions to make and the start up curve is shorter. The franchisor will provide valuable assistance and training that makes the process of getting into business much easier than compared to a start up.

All franchises are not created equal. There has been a huge boom in the franchise industry, with some business models not quite ready for duplication being sold to the public. We’ve worked with many clients who’ve purchased franchises and have come up with a few things to consider when selecting a franchise. Not all of the items listed below are part of every franchise, but most of them are. Make sure you can live with them before you go shopping.

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Politicians Won’t Stay Bought | Peter Mehit

In a casual conversation someone quipped, “You know the real problem with politicians…they just won’t stay bought.” There was muted laughter. It’s too true to be funny.

Politician. The word has precise sound to it, as if your mayor had been called by God to run. As if people go into public service like it’s a ministry. For the good of all with pure, honorable intentions.  But the job is nothing like that. It’s a lot of arm twisting and ear bending by people all wanting you to do conflicting things. And in the end, nobody’s really happy with you. As Parker and Stone pointed out, the public sees you either as a ‘Giant Douche’ or a ‘Turd Sandwich’. Why would anyone want a such a shitty job?

Power.

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Marketing to ‘Everyone’ or ‘Anyone’ Markets to No One | Peter Mehit

Growing top line revenue is survival. Without setting the table, you have no chance to make a profit, or even just stay in the game. With so much hype around the Internet and social media, more established forms of marketing are being discounted. Yet the elevation of social media as an end all, be all strategy does a disservice to those who must plot the direction of their company’s marketing efforts.

Nowhere is this more apparent than in small business where owners and managers are bombarded by sales pitches for different types of tactics. Some owners will be swayed by a good pitch and buy the tactic. Others will not feel comfortable and will not do anything. If neither of these persons has identified their customer, neither choice is helpful to their business.

Who is your customer? That is the single most important question you will ask in your business life. If you’re smart, you’ll ask it again and again because the answer is always changing. Most owners never ask it. The majority answer “anyone.” You can’t market to ‘anyone’.

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