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How to Protect a Business Idea 21 Jan 2011 | 08:38 am
We are often asked by clients how to protect their ideas. The best way, of course, is to keep them secret. Any facetiousness aside, it is a sincere recommendation. Often people talk about their ideas ...
Choosing your Business Name is a Fundamental 21 Jan 2011 | 08:23 am
This business name stuff matters. You don’t get to do it twice, or at least not without a whole lot of pain and suffering. Most companies live forever with the first name they come up with. Factors th...
What do I need to know about financial statements? 18 Jan 2011 | 03:31 am
First, you need to know which financial statements are important. They are: Balance Sheet—shows the financial conditions of your business at a point in time Statement of Operations (Profit and Loss ...
Why is it important to do a monthly cash flow analysis? 18 Jan 2011 | 03:31 am
Your businesses cash-flow cycle may differ substantially from the income statement projections. Even if the projected income statement shows a profit, it is possible that the cash flow for the same pe...
If I am not planning to apply for a bank loan, why do I need a business plan? 18 Jan 2011 | 03:29 am
The fact that a bank or lending institution requires a well-executed business plan is a secondary consideration. The primary purpose of the business plan is to guide the owner or manager in successful...
How do I determine my start-up costs and other expenses? 18 Jan 2011 | 03:29 am
It is wise to find out what start-up costs you will incur before starting the business. Many a budding entrepreneur takes his or her life savings, or will borrow on the equity on their home before fig...
How do I determine whether I am capable of starting a business? 18 Jan 2011 | 03:28 am
Small business owners have many things in common. Below are some of the qualities you will need to be successful. Willingness to sacrifice—If you enjoy working 9-5, do not go into business for yourse...
Why is a business plan important and who should write it? 18 Jan 2011 | 03:28 am
A business plan is important because it summarizes both your vision for the company and your blueprint for the company’s operating success. The business plan is a written guide that details the start-...
What kind of person makes a successful entrepreneur? 18 Jan 2011 | 03:26 am
Research of successful entrepreneurs has documented that successful small business people have certain common characteristics. This checklist can not predict success, but it can give you an idea of wh...
The Right Business for You 18 Jan 2011 | 03:19 am
If you want to work for yourself, but don’t have a particular business in mind, you’re probably wondering what kind of business you should start. Fortunately, the answer is always the same: start a ve...
