5 Things to Avoid When Writing a Business Plan
Business News Articles

5 Things to Avoid When Writing a Business Plan

Business plans are a widely accepted medium to explain your business idea and all the planning, market research and product development you have done so far to potential investors, juries, and other stakeholders.

If you know your strategy and your idea well, writing a business plan is not hard. However, there are some points that are often done wrong although they are easy to keep away from.

Here are five things you should avoid in you business plan.

1)Copy Pasting. Who ever is reading your business plan takes time for it and analyses it critically. The reader wants to learn about your idea and your team, and coming across sections that he has already read in the executive summary over and over again makes the work feel like a waste of time and the business plan eventually the waste of paper.

2)Being too in love with your idea. A good outlook is awesome, but you need a foundation to base it on. The simple fact that you think it will work, won’t get others to believe it too. Give research results wherever possible and make your prospects realistic, not oversized.

3)Miscalculating. Before giving the business plan to your audience, make sure you have sat down with a basic calculator and re-calculated the simple numbers to check their coherence and accuracy. Even excel formula based sheets should be looked over with a little hand-held calculator, cause one wrongly copy-pasted formula might mess up the whole sheet and you don’t want to end up with an unbelievable calculation (e.g. forecasting to accept 1,000 customer calls per day with just 1 employee, because you copied the wrong comma format).

4)Not introducing your team. Obviously, no matter what you studied, there will always be something other people know better than you do. …

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Entrepreneurship - 5 Entrepreneurial Opportunities Discovered at the Internet Retailers Conference
Business News

Entrepreneurship – 5 Entrepreneurial Opportunities Discovered at the Internet Retailers Conference

Entrepreneurship - 5 Entrepreneurial Opportunities Discovered at the Internet Retailers Conference

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I attended the 2010 Internet Retailer Conference & Exhibition at McCormick Place in Chicago from June 8 – June 10, 2010. Although I was there as a member of media, the entrepreneur in me could not resist noticing money-making opportunities to share with others. Especially in this recession. Following are five opportunities I discovered during my three days at the conference.

Business Opportunity 1: Start an Online Business

The purpose of this conference was to provide education, tools and resources for online businesses. Retail sales plunged 7% while internet sales actually increased 2% during these challenges economic times. In fact, ecommerce sales were 18.48% in March 2010.

You can’t really lose by starting an online business. You can start part-time at home with little overhead. But you must have a quality product for the right audience with excellent customer service.

Business Opportunity 2: Become a Service Provider to Online Businesses

Businesses from all over the world attended this conference. Over 400 vendors providing approximately 70 types of business services displayed and discussed their products and services. Some of the services included: web design, credit card protection, internet security, customer service, live chat for online customers, and multi-channel marketing. Visit  to learn more about the opportunities available and how to get started in this industry.

Business Opportunity 3: Become a Service Provider to Conference Organizers

There were complimentary appetizers, alcohol and beverages, massages – chair and feet, and cell phone charging. I know for certain that the massage therapists were independent contractors hired to work the conference.

Business Opportunity 4: Mobile Solutions to Internet Businesses

Most people start their shopping online with mobile phones coming in a close second. Armed with this information, figure out how to make shopping easier for customers; create applications and software for organizations; or …

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Business Magazine

Are You Trying to Build a Website or a Business?

Are You Trying to Build a Website or a Business?

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While the title of this article may seem like you are being asked the same thing, the truth of the matter is that you are not. There is a huge difference between trying to build a website and trying to build a business. There are tons of tools available online to help you to build a website. Unfortunately that is where their expertise ends. They do not help you with any of the other steps that you would need to take to turn your website into a profitable business.

If you are new to online businesses you may wonder what else there could be to do other than to build the site. The fact is building a business online is a lot like building a business offline. The biggest differences are the start up costs and the amount of people that you are marketing to. While starting a business online includes some start up costs they are not nearly as expensive as starting a business offline. And since you are reaching out to a customer base that is so much larger than your local area your profit possibilities are multiplied. Using a program like SBI can really help you to take advantage of all of these possibilities.

SBI does not focus on helping you to build a website. It focuses on helping you to build a business. It gives you easy to follow steps whether you are a novice or an expert. With all of the tools that are included and the videos to help you through there is no reason why you cannot succeed at building and marketing your online business. You may still be wondering what the difference in the two really is at this point.

Well the program starts out with helping you to build …

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Business News

Online Business Opportunities – What Are Your Options to Earn a Steady Stream of Monthly Income?

Online Business Opportunities - What Are Your Options to Earn a Steady Stream of Monthly Income?

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There are so many online business opportunities that can help you make

1) some extra cents and dollars,

2) a few hundred or thousand dollars,

3) a steady stream of monthly income, or

4) make you rich. Which online business opportunity would you rather have?

Just like in offline business, you need the following to run an online business:

1) knowledge of the business;

2) a product to sell;

3) consumers.

One big difference with offline business is that with online business you have the power to reach the worldwide market almost instantaneously without spending so much on infrastructure and advertising. And with the worldwide market, you can have hundreds or thousands of “foot traffic” into your site without paying for the expensive real estate space rental. That means less investment with higher potential income, either through sales or advertising.

For the past 4 or 5 years, I’ve been a firm believer of online business. I didn’t know how to do the business before but I knew then that the potential is huge.

And just like an offline business, you just have to lay down the right foundation for your business and you will be enjoying a continuous income of a few thousand dollars every month without having to leave the house and work 8 to 10 hours a day.

So, if you’re looking for online business opportunities that will give you a few hundred dollars to thousands of dollars a month without the trouble to running an online store, I can suggest a couple here:

1) Make Money through Blogging

Blogging is when you write about a certain topic on your site and people who share the same interest will read your post. How do you make money from blogging? Basically, advertising. Many bloggers who know what …

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Internet Marketing Along with Your Business Tips to Do well
Business News Articles

Internet Marketing Along with Your Business: Tips to Do well

Taking into consideration the increase of e-business and a severe rise in the number of buyers who are switching to the web for shopping advice. It is not wondered that increasingly more businesses are counting on online marketing to operate product sales. Become a member of the very best and the most brilliant by checking out this handpicked variety of web marketing tricks and tips.

In online marketing, excellent advertising is vital. You should know who you’re marketing to and you should know how to get their interest. In case you are marketing excess weight-loss goods, you need to publicize on wellness forums. Similarly, if you’re marketing a game title or personal computer product, try to promote on popular game playing web sites. Advertisements in the completely wrong position are misused dollars and prospective.

When you can admit your internet site is not best, you can efficiently improve it. With the knowledge that your web site will always be a function in progress, will give you the freedom to enhance anytime. No person features an excellent web site, which means that frequent advancement can greatly improve the efficiency of the targeted visitors.

To make sure you are employing the proper products or gives, you ought to test it very first. Give it a try on your own, and have your buddies, loved ones or workers give it a try way too. Seek out honest opinions and reviews. You need to understand that your prospects are folks and might have different requires.

Employing fake customer feedback is a bad idea although utilizing online marketing. It may seem like a wise idea at the time, nevertheless when folks find on and they can capture on, you may not be viewed as a respected firm. Be ready to show that all of your

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