If you have the benefit of even one session with a business plan consultant, come prepared with questions to ask him or her. If you have a draft of your plan, see if the consultant can read it before you meet to make the meeting more productive.What Do Funders Want?One of the most important topics that business plan consultants can offer their expertise on is what investors and lenders (and specific classes of each group) want to see in a...more
There are many different ways to tie a tie (hi hi). There are tons of knots and tricks and every Windsor Knot or Pratt Knot looks different and suits different... suits. Sometimes it is hard to keep up with all the variations and there's a lot of home work to do. I mean, you probably don't want to wear the wrong the tie or use the wrong knot and end up looking like a douche. And if that's not complicated enough, you also got tie accessories to...more
When opening a photography studio, you must make a significant initial, and then monthly, investment in your space. To justify these expenses to investors in your business plan, show how you will utilize the space to its fullest. It represents one of your major assets, and renting such a studio while explaining in your plan that your shoots will primarily be out on location shows poor planning on your part to funders. Studio ShootsConsider what customer markets you should pursue to keep the space booked up with your own shoots as much as possible. This will likely be the highest revenue-generating use of the space for you. Look for the customers that freelance photographers without a studio are unable to gain and market the strengths your space will offer. By investing in some additional backdrops or decorative elements to dress the space, you can expand the options of shoots you can accommodate in-house significantly. Other UsesCan part of your studio double as an office space during downtime? If you can limit your need for separate office space you may be able to cut down on your rent, if you can plan for this before signing a lease. If your lease allows it, you can also rent out...more
Choosing the right menu for your restaurant is a key decision for the success of your business. This decision will impact the revenue of your business by differentiating your service from other restaurants and the cost structure of your business through the choice of ingredients, and the labor intensity of the recipes chosen. The Menu as...more
For customers, using an appointment-driven service like a hair salon means waiting. While waiting is the expectation of customers, the nature of the waiting experience can make a major difference in what they think about your salon and even overshadow the services you offer. The Waiting Experience You Want For Customers Start your planning of...more
Your car dealer business plan should include a timeline of the businesss success. This does not have to be an exhaustive timeline, showing every step you will make along the way, but should at least cover these kind of important milestones in the life of your car dealership.Finish Build-Out: When will construction of your location be finished so that you can place cars in your showroom and put the finishing touches on the space?Open for Business: When will you officially open for business? (Events or promotion surrounding this opening should be mentioned elsewhere in the plan.)First Sale: There will be some time between opening and making that first sale, so think ahead about when it will happen by thinking through the process of marketing, selling, and earning the trust of customers. Showing a first sale on day one will seem naive to most readers, as the car sales process will take a little time for any customer, especially from a brand-new dealership.Break-Even on Cash Flow: This shows the point where cash inflows for the month exceed cash outflows for the month going forward. This is the point at which cash reserves should no longer be the lifeblood of the dealership and...more
If you've been following news headlines, you know that's been a continuing buzz in many industries in the UK regarding business, particularly with science and technology but by no means limited to those areas. From the central locations in England to...more
Thousands of people are looking for ways to start their own business and become their own boss. They want to quit their regular job and make money with their own business. There are many ways to go into business for yourself, but the easiest way is...more
Many of you must hear about CSS, which simply means Cascading Style Sheets. It defines presentation semantics that is, how to display HTML elements and ultimately it will define look and feel of the website. External style sheets are saved in CSS...more
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Both online retailers and brick and mortar stores count on holiday sales to boost their annual sales revenues, especially since the holidays occur at the end of the fiscal year. Black Friday, the day after Thanksgiving, is known as the biggest...more
Did you know that in a matter of seconds you can check for the availability of a company name you have in mind and that it's typically free of charge? Starting a business is about more than having a company name however and this means that even the...more