10 Must-Have Elements of a Successful Business Plan

June 20, 2017


While having a business plan is obviously a good idea — in fact, it’s a fundamental requirement — it must be robust, complete and accurate. Otherwise, it’s not going to steer your business in the right direction; on the contrary, it might take you over the edge or down a pitfall. What’s more, if you’re thinking about applying for a business loan from a bank or credit union, having an excellent business plan is mandatory. After all, if you aren’t sure of where you’re going, how and why, then lenders aren’t going to be filled with confidence.

With this in mind, here are 10 must-have elements of a successful business plan:

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3 Unusual Funding Options for a New Business

June 19, 2017


When you are starting out in business, one of the major things that you need to ensure you get right is the funding. Without proper funding, there is no saying how short-lived your business might be, and that is not something that you want to happen. However, finding appropriate funding can often be quite a difficult challenge – especially as most businesses will require that funding to be ongoing, and not just a one-off thing. In this post, we are going to look at some less well-known ways to fund a new business.

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A Quick Guide to Forms and Deadlines Required for LLC

June 18, 2017


By starting a business, you’re making a powerful statement to the world: you think you have ideas, products and services that can really make a difference. Good ideas, however, aren’t enough to get your business off the ground. It’s vital to also put a structure around your business so it can operate legally, and one of the best ways to do that is to create a Limited Liability Company, or LLC.

An LLC is one of the most popular types of business entities — it gives you the same protections as larger organizations, but without all of the paperwork, administration and costs. Creating an LLC isn’t complicated, but you do need to make sure you have all the right forms, agreements and other documentation in place.

Today, I’ll guide you through all the forms and deadlines you need to be aware of when you want to start your LLC. Let’s get into it…

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3 Tips to Improve Your Chance of Getting a Business Loan

May 24, 2017


There are many reasons why you might be thinking about applying for a business loan. While there are many business ideas today that you can start with little to no money available, many entrepreneurs agree that some start-up capital is often needed to truly get a business off the ground and make an impact compared to the competition. In many cases, borrowing money for business funding can be a very profitable move; if the money is invested wisely, it’s likely to generate a good return. But, with lenders hiking up their requirements and increasingly making criteria stricter, no business owner is guaranteed a loan. So, how can you improve your chances? Let’s find out.

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Unique Concepts to Help Start Your Online Business

May 8, 2017


When people think about starting their own business they have misconception that it needs large investment or requires deep technical knowledge. That is simply not true. With the advancement of technology and globalization it is now possible to start a new online business with little effort and minimal investment.

As a matter of fact, you can start an online business with a variety of topics that you might like to do that are outside the realm of the usual businesses out there. Below we discuss some out-of-box unique concepts you could use to start your online business.

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6 Step Process to Start a Small Business

April 26, 2017


Thanks to the online world, the way that businesses start is changing. The evolution of the internet is making it extremely easy for anyone to turn their hobbies or passion into a profitable business, but you may find it overwhelming when deciding where to start.

Here are the six simple steps that you should take in order to set up a small business and give your budding ideas a good platform to build on:

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5 Legit Ways to Make Money from Home

April 24, 2017


In the current world, most individuals are finding that are not limited to one source of income. With the availability of unique money-making opportunities ideal for a stay at home mom, it is evident that you can earn a decent income by just making use of the resources you have at home.

Even though all the revenue making opportunities listed below are legitimate, it would possibly be unrealistic has high expectations to get full-time income from any of the opportunity.

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5 Questions to Ask before Deciding Between LLC and Corporation

April 20, 2017


There are probably hundreds of questions that are running through your mind as you sort out the details for starting your new business. However, one of the most important, confusing and potentially costly questions could be what type of entity should you register as. What is the difference between forming an LLC vs. a corporation?

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How to Stop Treating Your Small Business Like a Hobby

April 7, 2017


Sometimes running a small business may seem much like enjoying our hobby. They are often built from the passion where we like to spend our time doing, and it can be easy to see small business as an offshoot of our interests, instead of as a serious money-making venture. But this can be disastrous, as too many folks end up sinking hard-earned capital into their small business to keep it afloat as it is their pet project. But the clue is really in the name ‘small business.’ That means no matter the size of the company that you are running you are aiming to make a profit. So, you need to stop treating it as a hobby and get serious. Read on to find out how.

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Doing Business in the US? What You Should Know

April 6, 2017


For many small business owners, being able to move their operation to the US is the holy grail. The market liquidity, the generous tax incentives, and the idealized “American Dream” attract countless business owners and investors to the nation. Although the US has been the home of some truly inspirational success stories, it’s also driven promising companies into the ground. If you’re planning to grow your business in the US, here are some essential things to know…

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