Category Archives: Business planning

Should You Buy an Existing Business?

Maybe you have your eye on a business in town – either because you love it and know how successful it is, and can predict how profitable it will be for you, or because you see a fixer-upper that you can buy cheap and turn into something amazing. Whatever your motivation, there are lots of…

What You Need To Know Before Buying a Franchise

Some people would never consider a franchise, because they couldn’t imagine giving up that much creative control over their business. Other people think a franchise is a guaranteed path to big-time profits. Neither assumption is entirely accurate. There’s a lot to consider when you weigh the drawbacks and benefits, and I’ve spent a great deal…

How to Write a Business Plan

A business plan is your dream on paper, where you consider your business from every angle and write it all down. It doesn’t need to be extremely formal, at least not at first. Let yourself have fun with this process while you’re creating direction for your business. Answering key questions for yourself will help narrow…