Writing a Business Plan

SWOT Analysis Step 3: How to Identify Opportunities

A good entrepreneur is always on the hunt for new opportunities—and one of the best ways to identify opportunities is to complete a SWOT analysis.


SWOT Analysis Step 2: How to Identify Weaknesses

Use a SWOT matrix framework and list of key questions to complete the second step of a SWOT analysis: identifying business weaknesses.


Create a Business Plan for Fewer Hassles and Faster Growth

You're bound to run into hassles while starting your business. But, writing a business plan can help reduce friction and make the process run more smoothly.


How a Medical Private Practice Business Can Overcome Obstacles to Success

Most healthcare practitioners aren’t trained to develop a business successfully. But to succeed at building a financially sustainable business, you need a strong organizational foundation. To protect your private practice from failure, take these essential steps.


Why SWOT Analysis Belongs in Your Business Plan

Why add SWOT analysis into your business plan and the strategic planning process? The SWOT phase was vital to the planning process for Palo Alto Software, and helped the company grow from zero to over $5 million in annual sales. Here's how SWOT analysis helped PAS scale, and how to add SWOT analysis to your planning process.


6 Mistakes to Avoid When Writing Your Restaurant Business Plan

If it's your first time writing a formal restaurant business plan, it's easy to make mistakes. In the competitive restaurant industry, however, it's good to be as prepared as possible—so here are the pitfalls to avoid.


How to Build a Restaurant Sales Forecast

There is no single right way to do a restaurant sales forecast. The best sales forecast method will vary according to how you manage information, how much past data you have access to, and what special factors drive your business. We'll walk you through an example restaurant sales forecast to help you build your own.


SWOT Analysis Step 1: How to Identify Your Strengths

As an entrepreneur, you want to know your business inside and out so you can make informed, strategic decisions. To do that, a SWOT analysis is the key. Here's how to perform a SWOT analysis on your business.


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