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Results for: Business plan

One of the considerations to answering this question is the business type, I mention this only because of the tax treatment of earnings. With an LLC or S Corp the owner pays taxes on the earnings of the business regardless of whether they are distributed or not whereas a C Corp pays its own taxes...

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I guess now is the time to start implementing the plan! What does it say there? :) Seriously - need to think strategy and go for the missing pieces ... I doubt you need a lawyer or SBA advise to get started. But the details of course depend on what is it you are trying to do. Happy to chat if y...

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There are various templates that you can find using a Google search. However, it is sometimes difficult for a founder with limited experience writing business plans to write a plan that is clear to outsiders - the founder is often too deep in the weeds. The first thing you need to do is be clea...

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This really depends on the type of e-commerce platform and the platform on which it is built. For my e-commerce clients, with less than 1,000 products, the best business plan reference book would be The Success Principles by Jack Canfield. However, you must first understand the triggers you woul...

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A good name is unique, and stands out but should ideally create a positive association with it, especially your target demographic. When it comes to naming new products, companies will spend sometimes months and go through thousands of options before arriving on the one that they'll ultimately go...

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Many companies bootstrap their product development by providing services. You can do so from one company. At the point when you believe that the focus of the two businesses is a full time job each, and the channels for sales, etc. are not congruent, then you may want to consider spinning out the ...

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The previous answers are really excellent. Let me resume them quickly and add a fourth point which is critically important to help you putting all this together : 1 - keep in mind the psychological aspect to make sure you reach your goals : a book has a much lower value in people's mind than a...

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The best advisors are those with real world experience-not just academic credentials-someone who has been there, done that. Also important, industry or company type experience (e.g., service company, software, manufacturing...). Look for someone who compliments your strengths and offsets your wea...

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In the realm of custom work, fixed prices are dangerous ground. It puts you in a position to either say "no" or ask for more money when a project has extra needs, and that's never a comfortable situation to be in. You said yourself that speaking to a lead is the best way to make a sale. I'd ech...

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How to start a company: 1) Come up with an idea (one that can make money) 2) Build a prototype (hardware, software, whatever) 3) Get evidence that people want it 4) Further refine the prototype and start selling it 5) When you've sold your first thing you now have, "a company" At some point in t...

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