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Articles by Eric Powers

Addressing Funding Sources in Your Business Plan

Date Submitted: Jan 7, 2010 - 11:00:07 PM
Summary: Your business plan’s financial section should include a chart showing where you intend to find the necessary funding to launch the business, the amounts from each source, and the specific uses of the capital you will raise. You must account for the use of each dollar of funding within this chart.

Key Business Plan Sections: The Sales Plan

Date Submitted: Jan 7, 2010 - 10:59:25 PM
Summary: Your business plan must include some description of your plan to sell your product or service. Selling is the final step in the marketing process and includes closing transactions with interested customers and up selling them to additional products and services.

Business Plan Writing Services: How to Evaluate Your Options

Date Submitted: Jan 7, 2010 - 10:58:46 PM
Summary: You may decide very early in your business plan writing process that you want professional help with your business plan writing. This may be because you feel the quality of your writing will not be good enough or because you do not know how to create financial statements for your plan.

Good Business Plan Advice: Handling Risks

Date Submitted: Jan 7, 2010 - 10:58:43 PM
Summary: Writing in detail about the risks and potential pitfalls that face your business in your business plan may not be intuitive. After all, isn’t this document a sales tool with which you hope to convince funders that the business is more or less a sure thing? Why would you want to talk about problems which can potentially derail your plans for business success?

Writing Business Plans That Really Work

Date Submitted: Jan 7, 2010 - 3:10:11 AM
Summary: Writing a startup business plan that works is not as hard as it may seem at first. You may hear dire statistics about the low rate of business plan acceptance by investors and lenders, but you must keep in mind that many fail to achieve funding because of entirely avoidable mistakes.

Templates and Business Plans: Tips for Entrepreneurs

Date Submitted: Jan 7, 2010 - 3:09:27 AM
Summary: Writing a startup business plan from scratch means doing a lot of needless work. Why not get a head start by jumping off from the work of experienced business plan consultants? Using a business plan template is a sure way is a sure way to avoid all of the work of setting up and laying out your business plan, allowing you to just get started with the meat of your plan.

Starting a Business Plan: Tips to Overcome Writer's Block

Date Submitted: Jan 7, 2010 - 3:08:34 AM
Summary: Writing a business plan is a feared part of launching a new business, and it is natural for entrepreneurs to have some uneasiness about getting started on the document. This is because the ability of the business to raise money is based to a great extent on the strength of the business plan and mistakes can cost entrepreneurs many deals.

Business Plans Made Easy: How to Work with a Consultant

Date Submitted: Jan 7, 2010 - 3:08:33 AM
Summary: Working with a business plan consultant can take a great load off of your shoulders, giving you a knowledgeable partner and advisor in the business plan development process. Consultants can usually take on the entire business plan development, even including helping you seek funding sources and presenting the plan with you to funders.

Outline of a Business Plan: Internal vs. External Planning

Date Submitted: Jan 6, 2010 - 9:54:57 PM
Summary: Whether you create a business plan for external sources (generally potential investors, lenders, or partners) or for internal guidance for your management and staff, the outline of required sections is generally the same. However, there are some key differences between these two types of plans.

Business Plan Success Tips for Entrepreneurs

Date Submitted: Jan 6, 2010 - 9:53:28 PM
Summary: When writing your first business plan (and perhaps what you hope is your only business plan), you will naturally be a bit unsure about how to proceed. Although a wealth of information about business plan writing is available, knowing how to focus your writing to be most successful in convincing funders will still be difficult.

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