Planning
A few posts ago I mentioned that a business plan may not be necessary unless you plan to pursue financing.If you do plan to go for a business loan or venture capital, however, you should make sure you’ve done your homework. Here are some of the key components of a business plan lenders will be [...]
Continue reading about Why the bank wants to see your business plan
I was talking business with a dentist friend of mine the other day, and we got on the topic of starting a business. In my case I started one from scratch. In his case he bought an existing practice. But we both quickly agreed that regardless of how you approach owning your own business, there [...]
Continue reading about The three people to have in your business’ corner
I read an article by C. Norman Beckert, district director for SCORE, in the Idaho Statesman’s business magazine Business Insider (I’d link to it, but it’s subscription only), in which he discusses whether or not you need a formal business plan for your business idea. His answer was spot-on: It depends. He feels that unless [...]