How to set up and run a small business

You are here: Home » Business Plans

Writing a business plan is an important step in the business start-up process. And, if you want to raise funding for your new business, you simply must produce an up-to-date business plan to show potential backers.

Even if you don’t place much importance on the business planning process, the simple act of writing down your thoughts can help focus your mind on aspects of the business which you may otherwise have neglected.

So to get you started on the right path, here are 10 business planning tips to help you produce an effective plan; Continue…

{ 0 comments }

One of the most useful bits of advice that established entrepreneurs give to people starting their own business is this: ‘cash is king’.

It doesn’t matter what business you’re in and how profitable it is, if you run out of cash, your business will struggle to continue. If you can’t pay suppliers you’ll have nothing to sell, and it’s a quick, vicious circle from there to insolvency.
Continue…

{ 0 comments }

If you’re starting-up or running a small business the ability to put together a persuasive business proposal will really help you to succeed.

If you have impressed a prospective client or partner after an initial meeting, phone call or email, you will frequently be asked to submit a business proposal.

This is not the time to become complacent. There will be others on the short list too, so a well-written and attractively presented business proposal is a crucial sales tool. It is often the difference between getting the go-ahead with your idea or missing out on a lucrative new opportunity.

Fortunately, if you follow these 10 golden rules, it’s not too difficult to put together a winning business proposal Continue…

{ 0 comments }

The second instalment of our two-part guide to writing a business plan for business angels, examines each of the main chapters in detail, highlighting the areas that need particular attention if you are to successfully attract funding from a business angel or private investor. Continue…

{ 0 comments }

This guide has been written for ByteStart by John Courtney of Beer & Partners Ltd.

There are many books on writing business plans – all the banks provide a handy checklist for example. Yet business plans should always be written with the audience in mind. This guide is therefore aimed at helping you put your message across to one particularly critical audience – the business angel.

We see nearly 2000 plans a year and we know what our angel investors are looking for; more importantly perhaps we also know the pitfalls and howlers to be avoided. Continue…

{ 0 comments }

Marketing your business should be fun and simple. Surely there can be no better way to spend a day than working on something which is going to help you achieve your objectives more quickly?

Sadly many business owners don’t see marketing that way. They see it as a necessary evil; something that “must be done” rather than something to look forward to and clear time for.

Often this is because they’re not really sure where they should be spending their time and marketing spend.

If this is you, you need a plan. And the good news is you don’t have to spend hours on it. You can put together a very good marketing plan for your business in just 60 minutes. It’s just a case of answering a few simple questions, doing a little bit of thinking, then adding the magic ingredient: Continue…

{ 0 comments }

Life can be great when you’re running your business as a one man band. You get to escape the shackles of employment including a boss telling you what you do and when.

Of course there are downsides, such as the loss of a regular salary and other employment perks. And the most serious of these is how you would continue to earn money if something happened to you or your business.
Continue…

{ 0 comments }

As you start up your business, the need for a well thought through business plan is clear.

Even if you are just going to be you sitting in your spare bedroom selling things over the internet, you need a business plan to understand how you are going to market your products or services and actually turn a profit.
Continue…

{ 0 comments }

One of the keys to success in any venture is having an accurate and informative business plan. It will set a clear direction and ensure you spend your time productively. As a vital document, you need to invest time getting it right before you make any key business decisions.

There are numerous tools and sources of information online, that allow you to research and plan virtually any business idea. Here are a few of our favourites.
Continue…

{ 0 comments }

Starting your own business is a really exciting thing to do. You get to take a dream that you have been harbouring for years and turn it into reality.

That means lots of planning and thinking about your business and how you want it to pan out. You can decide where you want to be years down the line and aim for it.
Continue…

{ 0 comments }

When you decide it’s time to get your business started, you’ll find the first piece of advice given by most experts is to “get a business plan written”.

And they’re right; that is the first step to turn your business dream into a reality. But many people find it the hardest step to make.
Continue…

{ 0 comments }

Restructuring a business can be a turbulent time; you may be juggling legal issues with disgruntled employees, expansion plans with uncertain investors or faced with frustrated customers.

However, that isn’t a world away from the day-to-day nature of running a business, and you shouldn’t feel unnecessarily daunted just because you’re moving in a new direction.
Continue…

{ 0 comments }

The following 8-part guide on how to write a business plan serves as an outline for anyone who is thinking of starting their own business, or improving an existing business.

The aim of this guide is to focus your ideas and create an easy-to-follow plan which can be shown to potential investors, bank managers and business partners.
Continue…

{ 0 comments }

In Part 2 of our 8-Part Guide to Writing a Business Plan we look at The Objectives and Executive Summary.

Both, ‘The Objectives’ and ‘Executive Summary’ sections provide an overview of the entire business plan.
Continue…

{ 0 comments }

In Part 3 of our 8-Part Guide to Writing a Business Plan we look at Market Analysis and Demand Analysis.
Continue…

{ 0 comments }

In Part 4 of our 8-Part Guide to Writing a Business Plan, we look at the environmental, company and competition analysis parts of the business plan.
Continue…

{ 0 comments }

In Part 5 of our 8-Part Guide to Writing a Business Plan we review the Marketing Strategy.

Once you have established the market, the competition and the factors that affect it you need to detail the strategy of how you will enter the market place.
Continue…

{ 0 comments }

In Part 6 of our 8-Part Guide to Writing a Business Plan we look at ‘Success Factors’. This section is very important as it provides a summary explaining why the plan will succeed.
Continue…

{ 0 comments }

In Part 7 of our 8-Part Guide to Writing a Business Plan, we look at the Financial Analysis and Finance sections of the Business Plan. Continue…

{ 0 comments }

In Part 8 of our Guide to Writing a Business Plan we look at the ‘Conclusion’. Continue…

{ 0 comments }