Category: Uncategorized

Many business owners and new entrepreneurs make a few specific errors time and time again – these errors cost them money, time, and makes for a longer learning curve than necessary. The following will review these 5 errors and tell you how you can avoid them. Error 1) Thinking it’s “not time” to build a […]

There is a tendency for new business owners to overlook or ignore details in planning. Components such as price points of competitors, which point of sale (POS) system is best for business, and what payment terms vendors will expect are some examples of abandoned details that belong in early planning. Where the “Big Picture” Is […]

There is a lot of hype about a “one-page business plan” for investor pitches. A one-page business plan is a great idea and a smart goal for any entrepreneur to pursue for a few reasons. This post will talk about the benefits and why this should be the next step after you or your business plan consultant write […]

I work with many amazing entrepreneurs. What I find that they all have in common is they have at least a dozen great ideas that they’d love to pursue, and they all have above-average passion in everything they do. What is not so common is having game-changing focus. Because of this, I wanted to share […]

When to Form Your Legal Entity The legal entity is a scary step for some people. Why? Well, it kind of formalizes that you are actually DOING this entrepreneur thing. And…not everyone knows how to start. Don’t worry. It’s not that bad. It is actually so easy, that it takes minutes. And when it’s over, […]

This is the Entrepreneur Who Found a Way to Reinvent Convenience Stores Rob Harmon, Founder of The Water Elephant I have met so many amazing entrepreneurs. Usually, they have a dream to offer something a little different than what’s already out there. A better dining experience, a more effective tool, a faster way to accomplish […]

This post will review the 4 fundamental rules for how to write a good business plan: 1) Start with a POWERFUL Cover Letter!!! 2) Identify Your Target Audience 3) Use the Right Tools 4) DON’T WRITE TOO MUCH Step 1: Start with a Persuasive Cover Letter Your business plan layout, feel, and professionalism will all be judged […]

How to Write a Diner Business Plan Starting a new diner business is something that can be super rewarding. Because diners are traditional, your diner business plan needs to have a unique differentiator in order to stand out. Make sure you hyper focus on that differentiator throughout your business plan.  One diner business plan I supported had […]

How to Determine the Asking Amount for Your Business The most significant part of your business plan financial projections If you’re a startup that needs funding ( from an SBA loan, an investor,  or other source) or you’re an existing business looking for funding for your next expansion project, there’s one thing your business plan needs in order […]

Writing your first business plan can seem like a daunting task. And there are many areas that can trip you up if you approach it unprepared. The good news is that each successive business plan you write will become easier, as you develop expertise. But for now, just know there are certain mistakes to watch out for. […]