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Having a great idea and the motivation to strike-out on your own is a good first step in pursing the feasibility of a business. However, it takes more than motivation and a great idea to get things started. This article will reveal some of the simplest considerations that most would-be business-owners overlook. The very first thing that should not fall under consideration is venturing out on your own without the proper tools beyond the scope of a great idea. According to statistics provided by the Small Business Administration, over 90% of small businesses fail due to a lack of planning. How many times have you heard or witnessed individuals that sat up over a weekend and wrote a stellar business plan then headed out on Monday morning to seek funding or investors? Impatience is the second thing that needs management. So often "I am tired of working for someone else" is the premise for people to start a business. This frame of mind will almost ensure failure because this appr

The entrepreneur who really wants to be successful with his or her small business should be ingenious to look for new and innovative ways to advertise products and services to reach a wider market share. It has been found credible by many research studies that it is worth the time of any creative entrepreneur to build his or her business online. Particularly, the Internet has today offered remarkable ways an entrepreneur can build any business online and generate revenue. Recent available statistics speak positive about the fact that, over 81 percent of small business owners are reported to have their presence known online and over 30 percent are reported to generate over 25 percent of their revenue online. The ingenious entrepreneur cannot therefore ignore the fact that the Internet has been found in many important ways to help improve the image of small enterprises in a greater scale. Company websites, for instance, have been found relevant by most businesses and does underscore the

How To Write A Business Plan In my previous article, I talked about how you can plan your business startup. I defined a business plan as a written description of the future of your business. This is a document that indicates what you intend to do and how you intend to do it. I further explained that if all you have is a paragraph on the back of an envelope describing your business strategy, you have written a plan, or at least the beginning of a plan. I also said that a business plan consists of a narrative and several financial worksheets. I mentioned that the 'writing of a business plan' as one of the pivotal steps involved in setting up a successful business. By now you should understand the need for writing a business plan. Writing a business plan, for a traditional brick and mortar business, will probably take a lot of time. It may take up to 100 hours or even more. For obvious reasons, a new business needs to carry out a lot of research before a business plan can even b

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