Tag: business plan
Top 10 Business Plan Mistakes to Avoid
Getting a new business off the ground is never easy. Increase your chances of success by avoiding these common business plan mistakes. 1. Giving top-down financial projections Don’t base your entire business plan on capturing a certain percentage of the market. Your investors will think that you are being far too optimistic, and your chances [...]
The Most Important Elements of Your Business Plan
Whether you’re training for a marathon or have a dream of taking your business public, one of the most essential tools to success is writing down your goals. A business plan can help visualize every aspect of making your business successful. It tells you if your business makes sense or is viable. It helps you [...]
Six Simple Questions To Guide Your Business Plans
While the key factor in winning is the ability to stick with your plan, it makes sense that you start with the best plan possible. Our experiences working with clients on strategic planning and execution indicate a direct correlation between the simplicity of a plan and the chances of adhering to it. A theme we [...]
The First Five Steps to Starting Your Own Business
Despite the times of austerity and the threat of a triple dip recession, many new businesses are actually thriving, especially online. The ones that are succeeding are those that are flexible and able to adapt to the wants and needs of their target market; being able to source talent online is also helping start ups [...]
5 Crucial Steps for Starting Your Own Business
Starting a business takes a lot of courage, time and creativity. You have to take a big risk personally and financially. As you take the leap, make sure you are also crossing your t’s and dotting your i’s. There are a few crucial steps you must take to not only start your business, but start [...]
S.I.N.- The Formula For AN Entrepreneur
What does S.I.N. have to do with being an entrepreneur? This formula serves as the basis for all new and growing endeavors. You don’t even have to confess this Sin. Sin translates to Seek Wisdom, Implement, and Innovate. (The phonetic “innovate” is applied.) Seek Wisdom One of the critical requirements is either having expertise in [...]
Top 5 Reasons Why Your Current Business Plan Isn’t Good Enough
I talk to a number of aspiring entrepreneurs every day, and a number of them have the same problem: They can’t get needed funding to start or grow their business. “There just isn’t any money out there,” they say. In reality, there is money out there, but the competition to get it is greater than [...]
Win or Lose: Business Plan Competitions Important to Building Operations Side of a Start-up
The importance of business plan competitions cannot be overstated for cash-strapped start-ups. And in a year when the SBIR program could be in for a significant change that might make it difficult for student-start-ups and early stage companies to compete for those critical dollars, business plan competitions could make all the difference in folding or [...]
NYS Business Plan Competition: Key Factor to Increasing Investment in New York Start-ups?
“In 2011, Governor Cuomo charged every region of our state with developing a strategic plan to prioritize the region’s economic development efforts and to capitalize on its strengths. Across the state, regions underscored the importance of continuing to foster a culture of innovation and entrepreneurship. The colleges and universities of our great state are a [...]
Deadline March 29th: New York State Business Plan Competition
The College of Nanoscale Science & Engineering at the University at Albany, UAlbany’s School of Business, the Lally School of Management & Technology at Rensselaer, and Syracuse University will host the third annual New York State Business Plan Competition on April 26, 2012. The competition encourages students to fully engage in their research and allows [...]
