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If you plan on presenting your small business to angel investors or venture capitalists to get funding, you’ll need to create a good elevator pitch. An elevator pitch is a 3-minute verbal presentation that explains your business and your track record. A great elevator speech should be designed to sell your business to potential investors....
Whether your company is a startup or established business, it’s important that you can explain your business model to anyone who will have a vested interest in your company. Your business model should identify the resources required to successfully implement your business processes and generate revenue. People who have a vested interest in your company will want to know this information. This includes your potential business partners, banks and investors.
Launching a startup business can be expensive. It all depends on what industry you go into. If you do your research before you get started, you’ll have the knowledge to pick an industry that won’t cost you thousands (if not millions of dollars) to get into. You’ll be able to pinpoint an easy business startup...
Whether your company is a startup or established business, it’s important that you can explain your business model to anyone who will have a vested interest in your company. Your business model should identify the resources required to successfully implement your business processes and generate revenue. People who have a vested interest in your company will want to know this information. This includes your potential business partners, banks and investors.
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A sole proprietorship is usually the type of business entity many new entrepreneurs form. It’s very easy to start a sole proprietorship which is why so many entrepreneurs begin there. However, before launching business operations, it’s important to know and understand the different types of business entities that you can form. Knowing and understanding how they all work will help you make a more informed decision when registering your company. In this blog discuss the advantages and disadvantages of a sole proprietorship and other business entity types like a limited liability company and corporation. I also discuss the importance of choosing the right business structure if you plan on applying for sole proprietorship funding to fund your business.
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Conducting a SWOT Analysis is critical to the long term success of your small business. The SWOT analysis process enables your team to identify the strengths, weaknesses, opportunities, and threats (of the entire company). These are all contributing factors in the growth and sustainability of the business. Understanding company strengths enables you to identify what...
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