Tuesday, April 11, 2017

Is Your Retirement Plan to Sell Your Business a House of Cards?

If you’re like the majority of small business owners, your business plays a big part in your retirement plans. Maybe you haven’t had to chance to put aside any funds for retirement outside your business, but you see your small business as your trump card; when the time comes, you’ll just sell it and retire comfortably on the proceeds.

But what if your supposed trump card turns out to be a Joker? Your whole retirement plan could collapse.
Here are the issues you need to deal with now if your plan for selling your business and retiring is going to work.

Wednesday, March 29, 2017

How to Write the Executive Summary for a Business Plan

The executive summary is the first section of your small business plan that is typically written last. It provides an overview of all of the other sections in the business plan.

The length of the executive summary does not need to be overwhelmingly long. In fact, it should be as brief as it can be while still conveying the most important parts of your business plan. It should be easy to read and be written in non-technical language.

Sunday, March 26, 2017

Comprehensive Business Plan Outline for Small Business

Business plans are an important business start-up step for many small business owners, especially those who are pitching their business ideas to investors or credit institutions for funding. Because of the vastness of information to be included, business plans can also be one of the most overwhelming parts of starting a business.

Here is a business plan outline that walks you through each section of a basic business plan in the order they typically appear.

Each of the links below provides an overview of what should be included, provides an example of the section and shares a few tips for writing each section of your business plan effectively.