Starting a senior care franchise can be a rewarding and lucrative venture for entrepreneurs. However, creating a successful business plan is crucial to ensure that your franchise has a solid foundation and is set up for success. Following are the key elements that should be included in your senior care franchise business plan. Executive Summary The executive summary of your … [Read more...]
Should You Throw out Your Business Plan?
Sponsored by BusinessTown: If you’ve been in business for a few years, chances are that you are more or less following the same business plan year after year -- targeting the same type of customers, competing on more or less the same criteria and likely getting more or less the same results, perhaps with some incremental improvement. But suppose you want more? Suppose you … [Read more...]
Building Your Business on a Solid Foundation
If you wouldn't build a home on a cracked foundation, why would you build a business on one? A cracked foundation is damaged, weakened, unstable, torn apart, and flimsy. When you think about building a home, you think about how solid the foundation is. You want to know if the platform you are building your home on is sturdy enough to build upon. You wouldn't build a home on … [Read more...]
How to Create A Financial Model for Your Business
Most entrepreneurs fall in love with an idea and spend a lot of time building out what it looks like. For example, a software developer will work on the features of his software product; a chef will work on the menu for her restaurant; and a service provider will identify potential customers for her services. This is the fun part of creating your business plan, and it is … [Read more...]
Why a Business Plan is a Waste Of Time
Anyone who has ever mentioned starting their own company has been told that they need to start with a solid business plan. These plans, we are taught by business sages who spend more time in the classroom than in the boardroom, are essential. They help investors see why your idea is sound, how it will make money, and why people will buy what you are selling. Are business … [Read more...]
The One Page Business Plan and Why it Works
The Business Plan; sometimes the most daunting task of starting a business. It is often thought of as a lengthy document, meant to map out every possible second, expense, possible issue your business could encounter...ever. As times change, so does the business plan, and many people are now proponents of the one page business plan. This is meant to be something you … [Read more...]
Lessons taken from big business for the benefit of small business
I love reading the morning newspaper. The actual get-your-fingers-covered-with-newsprint paper newspaper. I rue the day when it is just too financially unacceptable for the Fourth Estate to continue rolling the presses. I try to avoid my newspaper's new "Morning Edition" because all too often it is filled with death and disaster news. I don't want to fill my brain with this … [Read more...]
Evaluate Progress
Post by M.J. Ryan, contributing Women On Business writer Pamela Busch owns a restaurant in San Francisco. Like everyone else, she felt the pinch of the economic downturn as people stopped going out to eat. She decided to adapt by offering a three-course tasting menu at a set price. Great. Her desired outcome is to stay in business. She’s accepted the fact that change is … [Read more...]
Develop A Business Plan and Change It Up On A Regular Basis
Post by Kristy Straka, contributing Women On Business writer Most people in business believe that you should make a business plan and “stick to the plan”. I disagree with this philosophy completely. When you imagine your exciting new business most of you imagine it as a business that will be great . . . people will love it, and you will be successful. That’s great … [Read more...]