3 Essential Tools for Starting and Maintaining a Small Business
We believe that there are 3 factors that drive the success of small businesses.1) Acquiring start-up capital 2) Finding customers 3) Accounting for, budgeting and controlling sales
5 Home Biz Mistakes Every Entrepreneur Should Make!
by BB Lee (C)2005mailto:editor@smallbizbitsnews.comIn a previous article appropriate steps to start a home based business were discussed.This important arti
9 things you must do to maximize your chances of obtaining a small business loan
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more str
Achieving Financial Security in an Unreliable Economy
Copyright 2005 Shannon LaveniaFinancial Security is a false concept that developed in American society based on the idea that security comes from the perceived reliability of a regular or planned payc
Alternative Venture Finance: Federal Grants and Loans
While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal
Alternative Venture Finance: Shell Corporations
A shell corporation is a company that is incorporated but has no significant assets or operations. These corporations may be formed as an alternative venture financing mechanism.Shell company
Analyzing Customers in Your Business Plan
The Customer Analysis section of the business plan assesses the customer segments that the company serves. In it, the company must 1) identify its target customers, 2) convey the needs of these custom
An Exporter? Who, Me?
(NC)—If you're a small- to medium-sized business with a potential market for your product abroad, you may profit from making a move into exporting.Your first reaction may b
Angel Investors: 7 Online Business Plan Scams and 1 Real Deal
We've all seen the hype: "We'll put your plan in front of thousands of investors!" "We'll write you an award-winning online business plan!" "Only $3,000 for thousands of investors to learn about yo
Angel Investors: Who They Are & When Are They Appropriate
Angel investors are individuals who invest in emerging business ventures. Angels typically provide both capital and know-how to companies who are in either their start-up or expansion phases. To refle
Are Corporate Awards and Corporate Gifts Beneficial for your Business?
With the increased challenges that all companies are faced with, many corporations have implemented various initiatives to continue to grow corporate earnings and shareholder value, some have discover
Bankruptcy 101
‘Bankruptcy’ the term that can raise the goose bumps of almost every individual who hears it and even a nervous breakdown to those who confront it. Bankruptcy stands for the situation when a person ru
Becoming Wise - Wild & Free: Writing A Successful Business Plan - Part 3 - The Feasibility
I am amazed at how many resources there are and how much information is available today on writing a business plan. There is software, documents, templates, outlines and a lot of experts that can hel
Before the Business Plan
Purveyors of conventional wisdom would have you believe that the very first thing you ought to do when setting up a new business is to create a business plan.It doesn't matter whether you are
Beware Of Bad Credit Payday Loans
Could bad credit payday loans be the answer consumers with lowbank accounts have been looking for? Is there any harm in usingthese services? Aren't they better than using credit cards orgo
Bottleneck-oriented Business Management
Simple and effective Business Management In every enterprise there are, at every time, one or more bottlenecks, which have influence to the commercial situation. Bottleneck-oriente
Business Laws: What you Need to Know
There are a myriad of things you must think about when opening any type of business whether it is a small business or a large corporation and one of those is how business law may affect you. Failure t
Business Plan
A is a short brief that explains how a business owner, director or entrepreneur plans to orchestrate an enterprising effort that carries out the actions that are necessary in order for the effort to
Business Planning for College Students and First-Time Entrepreneurs
More and more students, both in undergraduate and graduate institutions, are deciding to launch their own ventures upon graduation rather than taking the traditional route of working for another firm.
Business Plans
Way back in business school we had to churn out business plans every semester. As soon as the assignment would drop we would be scrambling for information. Start the number crunching game, do the anal
Business Plans- What Consultants Don’t tell You!
Copyright 2005 Empower Business SolutionsDo you have a Business Plan? Congratulations, but you are in a small minority. And if you have a plan, is it integral to your business, and instrumental to its
Canadian Debt Consolidation
Life throws people a number of challenges often on a daily basis and unfortunately, some of those are financial challenges. The loss of a job, an illness and many other situations can make pa
Checklist for starting a business
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; how
Consumer AdviceWhat is identity theft?
What is identity theft?(NC)—Identity theft occurs when someone uses your personal information without your knowledge or consent to commit a crime, such as fraud or theft.
Corporate Shells
A corporate shell could be liken to a house that had been occupied by a family, prior to the family moving out it was a home. But now it is just shell, a skeleton a plain house with nobody in it, but
Describing Intellectual Property in Your Business Plan
Most companies that are worthy of raising venture capital have proprietary Intellectual Property (IP). In fact, the quality of the IP and the management team are often the two most important aspects o
Developing a Business Plan = Developing a Succesful Business.
Whether you are starting up a new business or you already have an established company, the importance of a business plan may be over looked. Yes, they can take some time to draw up but just think of y
Developing Realistic Financial Assumptions in Your Business Plan
Many investors skip straight to the financial section of the business plan. It is critical that the assumptions and projections in this section be realistic. Plans that show penetration, operating mar
Documenting Partnerships in Your Business Plan
Forging partnerships to improve market penetration has become commonplace, particularly for “new economy” businesses. And, most companies proudly mention their many partnerships in their business plan
Documenting the Exit Strategy in Your Business Plan
All investors greatly desire and are motivated by a clear picture of a company’s exit strategy, or the timing and method through which they can “cash in” on their investment. This picture best comes i
Don't Get Hacked - Best Practices For Protecting Your Business
Don't Get HackedYou've seen it in the news - 40 million credit cards exposed!With all the news about web sites being hacked and cyberthieves stealing credit card numbers and other
Do You Love Food? - Then Maybe Opening a Restaurant is Not Such a Crazy Idea
The restaurant industry in the United States employs an estimated 12.2 million people, making it the nation's largest employer outside of government agencies.The restaurant industry in the Uni
Do You Need Bad Credit Help
? Are you one of thousands with nocredit and no collateral to help secure approval, or you justhave extremely bad credit and no one wants to help you, and allyou hear is stories and more s
Effectively Completing the Operations Plan Section of Your Business Plan
The Operations Plan is a critical component of any business plan as it presents the Company’s action plan for executing its vision. The Operations Plan must detail 1) the processes that are performed
Enjoy The Benefits Of A Credit Merchant Account
A credit merchant account can make your business more productive than ever. That’s because a merchant account will let you start accepting credit card payments from customers in any part of the world
Factoring Financing: How to grow your business without debt or loans
What is factoring?Accounts receivable financing, also known as factoring, is a powerful financial tool that has fueled the growth and success of a number of companies.
Finding a Venture Capital Firm
Many ventures are faced with the challenging task of raising venture capital. The first part of this process is finding the right venture capital firm (VC). While this may seem simple, it isn’t. There
First Steps to Starting Your Own Small Business
You’ve been dreaming about what it would be like to start your own small business. It has been on your mind since you were in school, and there are times, especially on Monday mornings, that you daydr
Five Crucial Components Of A Business Plan
Copyright 2005 Cavyl StewartThe format of a Business Plan is something that has been developed and refined over the years and is something that should not be changed. Like a good recipe, a business p
Forgive All Ebay Sins!
Over the years, I have been amazed at the “blinding” greed and reckless approach to commerce that some business owners have employed. Lying to customers, selling inferior merchandise, and not offe
Franchise Opportunities Are Not Always As Good As They Sound
Franchise opportunities are out there and if you look, you’ll find more than you can count. In order to find out if a business franchise truly is an opportunity of a lifetime, there are a few points t
Government Grants - What are they and how to get them ?
None of these Government Grants require a credit check, collateral, security deposits or co-signers, you can apply even if you have a bankruptcy or bad credit, it doesn't matter. Its Free Money Never
High Volume Merchant Accounts
As your business continues to grow and customers buy more goods and services, you may want to consider joining those who are applying for high volume merchant accounts. When you are approved for a hig
High Volume Merchant - Do You Need One?
When your business grows to the point where it is ready to move into the electronic age, you should give some thought to opening a high volume merchant account to expand your company’s potential. A me
How do commercial debt reduction companies work?
Don’t stress it – commercial debt reduction companies are proven authorities in debt negotiation to reduce your commercial debt in the best way possible for you, especially when you’re least intereste
How To Avoid Being A Victim Of Ebay Buyer’s Fraud.
From everything you’ve heard about the risk of fraud on eBay, you might think it’s only buyers getting scammed – but you couldn’t be more wrong. Here are a few common scams that sellers fall for every
How to Cut Credit Card Debt
Most Americans have too much credit card debt. Duh, we've all heard that before, right? Only now its gotten a bit personal... right again? You personally have too much credit card debt and
How To Get Your Contact Details Across: When The Organisers Won’t Let You
Have you ever spoken at an event and they won’t allow you to give your details? Have you gone on the radio and they forget to announce where you can be contacted?If your contact details are le
How To Set Up A Professional Home Office
by Justin KohEach day, more and more people are getting caught in the 'work from home' fever. Government as well as companies is quickly embracing this type of 'work from home'
How to Size an Emerging Market in Your Business Plan
In developing their business plans, companies of all sizes face the challenge of determining the size of their markets. To begin, companies must present the size of their “relevant market” in their pl
How to Use Graphs and Charts in Your Business Plan
Many people ask how many graphs or charts they should have in their business plans. As with most other business planning questions, the answer is “it depends”. This article discusses the key factors i
How To Write A Quick & Relatively Painless Business Plan
If you've never written a business plan before, the idea alone can be overwhelming. It doesn't have to be the nightmare of your imagination.Traditionally, a business plan is used to se
Identifying the Right Venture Capital Firm Partner
Venture capital firms are comprised of individual partners. These partners make investment decisions and typically take a seat on each portfolio company’s Board. Partners tend to invest in what they k
In Business Planning, Competition is Good
When developing the competition section of your business plan, companies must define competition correctly, select the appropriate competitors to analyze, and explain its competitive advantages.
Incorporating Investor Feedback into Your Business Plan
Investors, like the rest of us, have different tastes. One investor may love a concept and/or business plan while the next may hate both. It is important to understand this as business plans are worki
Incorporating Your Business Using Three Simple Steps
You may publish this article in your ezine, newsletter on your web site as long as the byline is included and the article is included in it's entirety. I also ask that you activate any htm
Is Cold Calling Dead?
And if laws are being passed to put it to rest once and for all, how do we generate business from now on?Opinions on the subject vary greatly depending on the background of the individual. For
Is It Necessary To Have a Business Plan?
Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders?If you are going to look for an investment
Issuing Warrants to Investors
When raising capital for a business venture, warrants are a common form of equity that is given to investors. A warrant is like an option – it gives the holder the right to buy a security at a fixed o
Is Your Home Business Prepared for a Disaster?
If you're like most people, you probably started with wonderful ideas of fulfilling your dreams, to be successful and to take charge of your own destiny.I hope you have achieved those or are w
Keys to a Good Business Plan.
A business plan is a very important part of any business. It is usually drawn up before the business launches, but can also be developed after a business has already taken off. A good plan can take so
Make Money On A Home Based Business
Have you ever thought about starting a home based business in order to make money? A lot of people have, but where do you start with this?The questions about home based businesses and how they
MLM Success Training: Why Some People Become Wealthy in Network Marketing and Others Don’t.
Regardless of whether you watch the Oprah Winfrey show or not, the story of her success is fascinating. You can't say where she is today is the result of any special advantages she had growing up.
MORAL ARMOR'S Economic Warning for Americans
Copyright 2005 Ronald E SpringerFor years we’ve suffered under recession, prompting us to ask, When will it end? My answer is, “It’s only the beginning.”Historically, recessions are the result of high
Multiple Clients Create Your Independent Business
Would you rather have one good client paying you fivethousand dollars per month or ten smaller clients payingyou five hundred dollars each per month? Here are two good reasons for choosing
Need an Idea for a New Business - Hair & Beauty Salons are Booming Nationwide! Why? Because the Baby Boomers are Demanding These Personal Care Services.
Hair care has been around as long as humans have been on the planet. The earliest record of personal hair care dates back 2.5 million years ago, when brushes used to create cave paintings in S
Pre-Money vs. Post-Money Valuation
When a company decides that it must raise capital, a key question that must be answered is how much the company is worth. For example, if the business needs $500,000 to get started and/or grow, how mu
Raising Capital for Your Business – How Long Does it Take?
Most companies vastly underestimate the time commitment necessary to successfully complete a financing. In actuality, a company seeking financing needs to budget between 500 to 1000 work-hours to the
Realism vs. 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 p
Restaurant Business Plan Software Considerations
Whether you are an entrepreneur looking to start your first restaurant, or you have been working in the service industry for a long time, restaurant business plan software can help you create a stream
Securing a Debt Consolidation Loan
It's the day you've been waiting for the last two weeks... payday and the only time when your face lights up and you actually go to the office with a lot of wonderful, dreamy thoughts in your head - s
Short Sale Success Secrets with Foreclosures
If you're active in real estate investing, you may already realize one of the biggest issues real estate investors face: Finding Great Deals. Foreclosures at a 52-year HighWith forecl
Startup Advice: Advice from Experts to Start your own Business
Most entrepreneurs get paranoid over the idea of starting a business. With so many federal, state, and, local laws governing any business, it becomes crucial to make an informed decision about the ven
Stuck With A Zero Marketing Budget For Client Gifts?
Would you really dare to give each client a gift of $500 this Christmas? What about something worth $2000? Or maybe $5000? You think I’m joking right? I mean, here you are struggling with your
The Art of Employee Motivation
If you think that your employees’ poor performance on their designated jobs is costing you a whole lot of loss profits, then instead of just doing a total overhaul of your employee roster, why not try
The Crucial Function of Computer File Shredders -
An unpleasant aspect of modern life is the fact that thieves can steal files from computers. Personal emails, business plans, private documents, trade secrets, and online histories can all be devasta
The Do’s and Don’ts of Giving Feedback
Copyright 2005 Inez NgBeing able to give effective feedback is not just a good skill to possess in business, it is a great life skill to have. Because when you are masterful at giving feedback, not o
The Ideal Length of Your Business Plan
How long should a business plan be? A business plan needs to be whatever length is required to excite the investor, prove that management truly understands the market, and detail the execution strateg
The Importance of Personal Background Checks -
The purpose of personal background checks is to get a feel for the applicant’s character. Personal and professional references are a good starting point, however, experts in the investigative field ca
The importance of planning
Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders?If you are going to look for an investment
The Ins and Outs of Credit Card Debt Settlement
Are you a self-confessed shopaholic who buys anything and everything that you get your shopping addicted hands on? Such thoughtless and impulsive buying will most likely result in the accumulation of
The Key to a Successful Business
Where would a business be without a business plan? A business plan sets the course for the future of the business. It gives the business owner or manager a sense of direction, listing the
The Management Team Section of the Business Plan – Don’t Just Include Resumes
Even the best new concept or existing plan will fail if executed poorly. The Management Team section of the business plan must prove to the investor why the key company personnel are "eminently qualif
The Marketing Plan and the Four P’s
The Marketing Plan section of the business plan demonstrates how a company will penetrate the market with its products and services. The Marketing Plan should include “the four P’s” – Product, Promoti
The Secret of Credit Card Numbers
Have you ever really looked at your credit card and tried to figure out what that huge string of numbers really means? Do these card issuers have so many customers that your account number has to be 1
The Term Sheet’s Role in Raising Venture Capital
Entrepreneurs and companies who are seeking venture capital often negotiate with one or more venture capital firms on a number of important issues. These issues include the amount of capital to be rai
The Use of Common Stock in Venture Capital Transactions
When raising capital for a business venture, a company can either raise debt capital, equity capital or a combination of the two. Debt capital is money loaned to the company at an agreed interest rate
Top Ten Reasons To Create A One Page Business Plan
1. Choose opportunities more wisely and waste less timebecause I have my plan in place (P 6)2. A single page can contain all the elements you need totell your employees, board of direc
Two Types of Business Plan Executive Summaries
Companies seeking capital often ask how long the Executive Summary of their business plan should be. The answer depends upon the use of the summary, mainly determining if 1) it precedes the full busin
Venture Capital Negotiating Issues
When companies enter into negotiations with venture capital firms, there are several issues which need to be defined and agreed upon. This article describes the key issues.Valuation. Valuation
"What is an Investor Ready Business Plan"
A Business Plan, as all good entrepreneurs starting out in life should know is the foundation, or rather a springboard, towards the establishment and growth of a new business. A business plan is an es
What to Consider when Filing for Personal Bankruptcy
President Bush in April signed into law The Bankruptcy Abuse and Consumer Protection Act. This bill promises many changes to law, and will make it more difficult for the average person in financial t
What You Don't Want to Know About Bad Meetings
Bad meetings are a cultural malady that senior executives pass on to new employees.Long pointless meetings are useful in that they keep incompetent people from interfering with those who are w
When Do I Need To Hire A Business Plan Consultant
Every new business owner knows that a business plan is critical – it is drilled into them by potential investors and every banking officer they meet. So why is something that is so important to the l
Why Doesn’t Your Business Plan Consistently Secure Your Desired Results?
From small businesses to large corporations, when you render all the challenges and issues facing these economic engines from employees to growth and innovation, the inability to secure desired result
Why Should You Have a Business Plan?
Are you planning to start a new business? Or are you consideringexpanding your current business and require a bank loan orinvestment from outsiders? If you are going to look for an inv
Why Start Your Own Work At Home Business Opportunity? Here's Why!
Would you like your own work at home business opporutnity?People choose to work from home for several reasons includingthe desire to stay home with their children, the need for extraincome
Why You Need a Business Planning System NOT a Business Plan
Copyright 2005 David CoffmanWhen someone mentions business planning we have been conditioned to think about writing a business plan. There are hundreds of books and articles, tons of software, an army
“Why You, Why Now” - A Critical Component of a Winning Business Plan
Business plans continue to be an essential element of the capital-raising process. They must convince investors to take notice - investors that are shrewder today due to the ups-and-downs they have ex
Work Your Home Based Business Idea in Three Easy Steps
Create a Business Plan firstThe primary necessity is to get a perfectly designed plan of action for a genuine business. A business plan on its own is useless. It is a mere reflection, but it will
Writing A Business Plan What Makes A Good One
Writing a business plan can be a lot of hard work or it can be great fun. An effective plan can help your company to greatness. A poor one can lead you out of business. No plan is like asking to fail
You Can Make Money With A Home Based Business
Would you like to make money by starting your own home-based business? People choose to work from home for several reasons including the desire to stay home with their children, the need for extra inc
Your Business Plan Will Become Your Partner
Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders? If you are going to look for an investmen

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