Perhaps one of the most important tools for small business success is the fiscal budget. This is a forecast of the anticipated income and expenditure that will be generated by the operations of the company for a period into the future. The time period extends from several months to a year or more ahead of the present time. The fiscal budget too includes the cash flow estimations for the same time period. Important Elements of a...more
It's always challenging to find unique fundraising ideas. Fundraising products need to meet many criteria: 1. Easy to sell 2. Large market - needed by everyone all year round 3. Competitive pricing 4. Well made and packaged 5. Long shelf life 6. Easy to promote 7. Low competition 8. Above average profit margins Finding unique fundraising ideas that satisfy all these requirements is not always easy. Making your own fundraising...more
As you begin presenting your business plan to investors, you will start to hear criticism and feedback. If investors are not forthcoming with feedback, you should certainly ask to hear their thoughts, as it shows you are open to their ideas. Hopefully, at least some of their ideas will be constructive and you can choose to incorporate those changes into your business plan. Pick and ChooseInvestors each have their own preferences when it comes to startups that they would fund. You must keep in mind that part of your plan which may strike one investor the wrong way might be exactly what another one likes. For this reason, you cannot simply incorporate all the feedback you hear from each funder. Youll have to pick and choose what to change and what to leave the same. A good rule of thumb is to not make changes until you have heard the same feedback from multiple sources. At this point you can be relatively sure that you will stand a better chance at being funded if you move in the recommended direction. An exception to this rule would be if you hear a recommendation which seems so intuitive that you feel an immediate need to incorporate it. If your plan has not been vetted by...more
If you're thinking of starting a business of any size, you naturally have one aim: Success. From my experience in business, those who are most likely to succeed are the prime source for their products. That is, they make what they sell - whether as a distributor, wholesaler, franchisor or retailer. The best way to make the...more
When starting a construction business, you may want to try to maximize revenue by taking jobs for businesses, private individuals, and the government. Keep in mind, however, that there are specific skills, challenges, and benefits involved with working with each of these groups. In the long-run, companies that focus on developing expertise with one...more
Rugby union is a popular sport in Italy. The sport is thought to have been introduced to the country in the early 1900s, with an organizational committee being established in 1911. The Super 10 competition is the main club rugby competition in the country, although clubs also participate in Europe's Heineken Cup. Italy competes annually in the Six Nations Championship, and has competed at the Rugby World Cup. Italy is classified as a tier one nation by the International Rugby Board. Italy finally joined the Six Nations Championship in 2000. They managed to get their second Six Nations win in 2003 30-22 against Wales. Italy was the only Six Nations country not to advance to the knock-out stage. Their third win came against Scotland in 2004. Most of the Italian national team play in club competitions in England and France, which, being at a higher standard to the Italian league allows the side to make consistent progression. However, this is not always seen through results and it will undoubtedly be a long time before they win their first Six Nations Championship. More and more Italians are coming to watch rugby union games and whereas before most of the fans at the...more
A business plan is never complete without a thorough discussion of the experience that the management team has that will enable it to succeed. For a clothing store business plan, readers will want to see experience in three separate areas: the...more
The Scottish Rugby Union (SRU) is the governing body of rugby union in Scotland. It is the second oldest Rugby Union, being founded in 1873. The Scotland national rugby union team represents Scotland in international rugby union. Rugby...more
The Welsh Rugby Union (WRU), was established in 1881, the same year that Wales played their first international against England. Wales' performances in the Home Nations Championship (now the Six Nations) continued to improve,...more
The Welsh Rugby Union (WRU), was established in 1881, the same year that Wales played their first international against England. Wales' performances in the Home Nations Championship (now the Six Nations) continued to improve,...more
Whilst your staff are struggling to get into work due to cancelled trains, impossible roads and closed schools, who is going to keep your business running and your customers happy? The big freeze has seriously disrupted public transport...more
The Welsh Rugby Union (WRU), was established in 1881, the same year that Wales played their first international against England. Wales' performances in the Home Nations Championship (now the Six Nations) continued to improve,...more