Archive for April, 2008
Realism and Optimism in the Business Plan
The most important function of a business plan is to create interest among investors so that they write a check. In achieving this goal, business plan writers are often challenged by determining the proper level of optimism in their plan. That is, they must create a compelling story to investors while maintaining credibility.
Optimism shows investors [...]
Nine top mistakes to avoid for entrepreneurs
1. Isolating Yourself
When setting up a business, you can get so overwhelmed with the administration that you don’t focus on building up your network. Networks can provide a way to catapult your business forward through referrals, joint ventures, or providing industry knowledge. Networking does not need to be through formal events but can come in [...]
What to list in your business startup checklist
Use this comprehensive checklist to plan each step of your new business and transform your dream of entrepreneurship into reality. These steps may not necessarily be completed in the order listed, however, you can use them as a guideline for completing all of the necessary business startup tasks.
Determine what kind of business you want to [...]
How to pick and conquer the right niche
How To Pick The Right Niche
I want to show you now how to choose your niche. Just follow these 3 simple steps.
Step 1 – Do not choose the “how to make money” niche. I’m not sure why, but I made this mistake along with thousands of other people. This is the most competitive niche in [...]
