To make the best impression on banks and investors, your plan should be presented using the standard business plan outline format. This guide gives you an outline to follow and explains what each section should entail.
I learned the hard way, when my own business suddenly took off, that even growth can stifle cash. In my specific case, it was a matter of building physical products for inventory, selling through channels, and waiting to get paid by distributors. Don’t let this happen to you. Here are my favorite 10 rules for managing cash flow.
You’ll notice I don’t have to tell you about our product for you to understand the impact it has on the world. I don’t have to tell you the inner workings of our technology or that it’s patented. Instead, what you read is how to communicate product-market fit.
One of the most important decisions a new business owner can make is how they're going to finance their venture. To help you better understand your choices — and learn how others have tackled the challenge — we asked a panel of Young Entrepreneur Council members the following questions:
However, it can be difficult to find room on your to-do list for this tedious but important task. To find out more about how actual business owners approach monitoring their financials, we asked Young Entrepreneur Council members this question:
As a founder of a small business or startup, you’re juggling many things. You need to use your time and resources productively by focusing on the right metrics so you can use data to help you implement improvements that matter.
Picking the right attorney in your startup is as important as picking the right business partner. You can’t underestimate the importance of selecting an attorney who “gets” your business model, your market opportunity, and most importantly, your fundraising and exit strategy.