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Judging by all the hoopla surrounding business plans, you'd think the only things standing between would-be entrepreneurs and spectacular success are glossy five-color charts, bundles of meticulous-looking spreadsheets, and decades of month-by-month financial projections. Yet nothing could be further from the truth. In fact, often the more elaborately crafted a business plan, the more likely the venture is to flop. Why? Most plans waste too much ink on numbers and devote too little to information that really matters to investors. The result? Investors discount them. In How to Write a Great Business Plan, William A. Sahlman shows how to avoid this all-too-common mistake by ensuring that your plan assesses the factors critical to every new venture: The people—the individuals launching and leading the venture and outside parties providing key services or important resources The opportunity—what the business will sell and to whom, and whether the venture can grow and how fast The context—the regulatory environment, interest rates, demographic trends, and other forces shaping the venture's fate Risk and reward—what can go wrong and right, and how the entrepreneurial team will respond Timely in this age of innovation, How to Write a Great Business Plan helps you give your new venture the best possible chances for success.
It appears that we are on the brink of a global recession. Jobs are scarce to come by and many people are looking to start their own business as the only means of putting bread on the table. This book will help budding entrepreneurs select an idea for a new business and conduct market research to determine if it is viable. It will also help them find out how much money they really need to start their business and whether they can self-finance it or if they will need to seek "love money" from friends or relatives. It points out the importance of exercising controls over costs and managing cash wisely. This book also takes a look at some of the legal and tax aspects of running a business. It also shows ways to encourage employees to do their best. It provides hints on how to advertise both online and offline, plus ways to evaluate what is working best. It also shows how every business needs a business plan to provide a map to success.
This book is about managing time effectively. It helps readers set their priorities and objectives and then organize them into the ones which are the most important down to those which are the least pressing. It provides tips on how to handle time consuming activities such as replying to e-mail, faxes and snail mail. It shows readers how to create time blocks. Since meetings and conferences can eat up a lot of precious time, suggestions are offered on how to make meetings more effective and take less time. Readers are given a review of some software programs which can help with online conferencing and interactive learning, so as to cut down on travel time. This book covers time management during a crisis. A key component of time management is being organized and a whole chapter is devoted to software programs which can help. In addition, customer relationship management software can assist with the effective time management of customer or client contacts. Time management is dynamic and this book recommends that readers monitor their progress and make changes when necessary. It will help them get the most out of every day!
Helps inventors plus those who want to sell an existing product or find something appropriate. Start a service business. Select a name and legal structure. Home-based business versus commercial and retail leases. Calculate human resource requirements. Online and offline advertising. Set up a Web site to sell online. Calculate the money needed to start. Software for creating a business plan.
A CLEAR, STEP-BY-STEP SYSTEM FOR WRITING A BUSINESS PLAN THAT WILL ATTRACT THE FINANCING YOU NEED Joseph R. Mancuso offers key guidelines and valuable tips on how to gear your business plan to the people who control the cash. Featuring the original business plans from three highly successful businesses, plans that raised millions in upfront financing, How to Write a Winning Business Plan also reveals: * What financiers look for in a plan * Nine questions that every plan must answer * How to prospect for financial sources * How to romance the money men * How to locate hidden sources of capital * How to handle objections * How to gain a commitment * And much more Complete with handy checklists and key financial forms, this book is your launch pad for a thriving business venture.