No business plans to fail, but many fail to plan. Good business plan helps you draw a clear picture of your own business objectives and gives you...homesite mapcontact us
 
Anatomy of a Business Plan: A Step-By-Step Guide to Starting Smart, Building the Business and Securing Your Company's Future (3rd Edition) by Linda Pinson, Jerry Jinnett
Anatomy of a Business Plan: A Step-By-Step Guide to Starting Smart, Building the Business and Securing Your Compny's Future (3rd Edition)
Create a polished, professional business plan with this great step-by-step guide. This award-winning bestseller has successfully helped more than 50,000 people write business plans that work and will help entrepreneurs create an effective, results-oriented plan quickly and easily - put concepts into action. 
Small Store Survival: Success Strategies for Retailers (National Retail Federation Series) 
by Arthur Andersen
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The retail experts at Arthur Andersen LLP conducted a study in Illinois to determine what stores are doing now and what they can do to improve their chances of success. The findings led to this in-depth survival plan for independent retailers, with tactics applicable in any state and addressing every store function: customer service, marketing, merchandising, store operations, management, human resources, and finance. Provides case studies on the problems faced by various types of stores, including appliance/electronic, pharmacy, and apparel. Features worksheets and questionnaires enabling retailers to evaluate their own businesses. 

 

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FACTORS TO CONSIDER

DON'T LIMIT YOUR POSSIBILITIES OR SQUANDER YOUR POTENTIAL, 
BECAUSE YOUR OWN NATURAL RESOURCES ARE UNLIMITED!
No business plans to fail, but many fail to plan. Good business plan helps you draw a clear picture of your own business objectives and it gives you goals to shoot for. It shows the potential, weaknesses and strengths of the business you propose. It gives prospective lenders or investors the means to determine whether your company is a good risk or a suitable investment. Business plan gives you a chronology of events and financial data to which you can compare your actual results.
Each year many businesses are bought and sold. The decision to buy a small business should not be made lightly. A lot of key issues must be considered before you complete the final purchase. Before you sign on the doted line, make sure that you know what is included in the terms of sale. You would be wise to consult a lawyer with experience in this field before making any purchase decisions. 

You should find out the answers to the following questions:
Are you just buying the business or does the purchase price include the land and the building?
If the purchase is for business only, what type of lease exist?
What are the seller's future plans? Perhaps you should include a clause in the contract to prohibit the seller from opening a similar business during the next five years in the same community.
Does the day-to-day operation of the business depend on the presence of the owner?
Is the equipment owned or rented?
What is the reputation of the business in the community?
Why is the business for sale?
How much you should pay?
If there are employees, are they properly trained?
Are all present employees needed?
How much are employees paid?
Is there a union contract?

Consult a professional accountant to find out the following:
Whether the inventory (merchandise available for sale) is selling as quickly as it should be?
Whether the customers are paying their bills on time?
Whether the expenses of the business are in line with its sales?
Does the business owes to much money?
How much profit the business is earning?
What is the cash flow position?

Take your business seriously from the beginning. 

Business success comes from understanding and caring deeply about everything: 
your technology, 
your products and 
your customer's needs. 

Accounting and Recordkeeping Made Easy for the Self-Employed 
In this new guide written just for the self-employed, business consultant and renowned seminar leader Jack Fox, shows you how to painlessly and inexpensively--set up and maintain easy-to-follow recordkeeping and accounting systems in your business, whether it's service or manufacturing oriented. 
Franchising 101 by The Association of Small Business Development Centers
This definitive guide provides clear, concise explanations for finding, buying, operating, and growing a successful franchised business from top experts from the ASBDC and the American Association of Franchisees and Dealers (AAFD). Checklists, forms, worksheets, and more...
Low Risk, High Reward: Starting and Growing A Business with Minimal Risk
Bob Reiss, founder of several companies and the subject of a Harvard Business School case study, has written Low Risk, High Reward to share the many ideas he's developed over the past 4 decades for succeeding through prudent action. In straightforward language, he addresses practical methods for spotting, managing & reducing risks in virtually every facet of business, from...
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“Women In Small Business - Setting Up Your Business Right The First Time”
You need to realize that being a small business owner brings with it many responsibilities. It is easy to overlook them in your excitement. But they won’t go away if you ignore them and they are, ultimately, your responsibility.
Project Management Basics
Project Management Basics is training that:
- Delivers the basics of all Projects (Quality, Cost and Delivery) to speed your management skills.
- Shows you how to manage and BALANCE your QCD deliverables to deliver first time on time.
- Trains you to RUN a Project Team Meeting with precision that delivers RESULTS.
- Instructs you in the right DECISION MAKING PROCESS to move your project forward. This is not some pie in the sky course that takes 10 weeks to learn and costs you thousand of dollars. Is is not written by some guy who never ran a project in his life. This course is no nonsense and used daily by myself and others.