The financial section of your business plan is the most important and essential part, Learn about how to write a financial section with an example of various financial statements like Income statement, cash flow, balance sheet, and breakeven analysis.
Read MoreYour existing business plan is wrong. A business plan is a living document that must evolve every time there’s a change in your business model, regardless of how trivial or major change it is.
Read MoreMy first business plan was a whopping 54-page word document, which was a big mistake. I’m not sure about you, but I always learn from others’ mistakes, and after reading this statement from one of the prominent founders in the world today.
Read MoreDo you have the right team in place? Are your customers coming to you? Do you have revenue? Can you predict your profits? Are you able to control your costs? If the answer to all of the above questions was a “Yes”, Congratulations, your startup is ready to scale!
Read More“Nothing Ventured, Nothing Gained” – this means that if you aren’t prepared to take business risks head-on, you can never succeed. Business risks are daunting and sometimes you might even have to gamble outright to meet your goals.
Read MoreFirst things first - why do you need a business plan? Having a business plan was the last thing on Sean Heathen's mind when he sat down working on his first venture, which was to bridge the gap in the ever-evolving logistics industry.
Read MoreIn a recent survey conducted by a software company on how useful it is to write a business plan, it was concluded that of those who invested time and resources to write a business plan, 64% were able to grow their businesses, compared to 43 percent of the companies that didn't. Additionally, entrepreneurs with a professionally written business model were more likely to secure the funding they needed.
Read MoreAd blocking has become a mainstream concern for bloggers and publishing platforms across the globe. It has been surveyed that 6.7% of Alexa’s Top-5K websites employ anti-adblocking. These websites particularly include publishers of General News, Blogs, and Entertainment domains. According to AdExchanger, an Internet Media Company, Google pays an annual fee of $40 million or $50 million to ABP-owner Eyeo to whitelist its ads.
Read MoreHow well do you know your target audience? Are you able to meet their needs? Successful businesses know that it’s not enough just to create products. Making constant efforts to analyze who your customers are, what they want, and how can you provide the best solutions to meet their needs is vital to building a sustainable business.
Read MoreThe smartphone has become ubiquitous. Coupled with that the relatively easy availability of internet [free WIFI in public places, low-cost data plans, hotspot etc.] has made digital space a top priority for marketers.
Read MoreComing up with a life-changing business idea is one thing and marketing it well enough to get people, and relevant people talking about it is another. Of course, until and unless you have an unlimited marketing budget, content marketing might seem like a hard nut to crack. But what do you do when you do not have a budget?
Read MoreA good work culture holds a lot more significance than most people consider it too. A workspace that makes employees look forward to coming in every day, that fosters a supportive environment and alleviates stress instead of adding it on, is one that will prove to be the most productive.
Read MoreKnowing your competitors inside out is one of the key gateways to success for your business. It will help you create the right marketing campaigns, develop appropriate pricing models, provide value to your customers and generally stand out from the crowd.
Read MoreGetting an investor on board is never an easy task. It can be highly intimidating and requires you to be meticulous in your homework. But once you find the right person or organization who can help you with financial resources, the rewards are absolutely worth all the hard work you put it.
Read MoreLaunching a new business can be both intimidating and overwhelming experience. For starters, tracking the data as soon as the business is launched might seem sterile, but not having substantial strategic planning only serves to create more confusion and penetrate the risk further. In simple words, you’re lost!
Read MoreEveryone, whether an entrepreneur or not, understands that writing a Business Plan is a daunting task! A perfect business plan is a myth - in fact, if you're an investor, you know that there are all kinds of business plans - the good, the bad and the ugly.
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