Starting a business is a multi-step process that can feel overwhelming when you're on your own, but we'll make it easy to stay organized and on track while you start your business and achieve success. Whether you're refining your business idea, filing for permits and licenses, drafting your business plan, or looking for funding, we have the tools you need to do it right and get it done. If you're ready to start your business but need a helping hand, why not take the Start a Business in 30 Days challenge?
The break-even analysis lets you determine what you need to sell, monthly or annually, to cover your costs of doing business—your break-even point. Illustration 1 shows the break-even analysis table: Illustration 1: Break-even analysis The break-even analysis table calculates a break-even point based on fixed costs, variable costs per unit of sales, and revenue per... Read more »
You’ll find that experts in most fields recommend getting a mentor. Whether it’s in the business world (including here on Bplans), the arts, academia—you name it, and a thought leader in the space will refer to the benefits of seeking a mentor. But then what? If you approach a distinguished person that you can learn... Read more »
When I was a child, my family and the other families in our neighborhood held annual summer garage sales. It was a great way to get the community to work together, and of course weed out a little of the inevitable clutter. For every yard sale, I’d buy bottled lemonade, bake several batches of cookies... Read more »
Take a second to get into context here. If your plan is a plan to be presented to outsiders, then you need to explain the type of business you’re in. You’ll be expected to explain the general state of your industry and the nature of the business, especially if your plan is going outside your... Read more »
What’s the best way to market your business that costs nothing? Find your brand ambassadors. Brand ambassadors are the people who are so in love with your product or service, they’ll spread the word about your business for free. So how do you find these brand ambassadors? Below are tried and true tips to building... Read more »