Ways to loan Money

I do not recommend loaning but here you go;

http://www.investopedia.com/articles/pf/09/seven-ways-borrow-money.asp#axzz1tLaqKWSk

There is always a way to get what you need.

AL

Facebook Twins to launch NEW Venture

Here they are, Mark Zuckerberg's old friends.

http://mashable.com/2012/04/28/winklevoss-venture-capital/

Lets hope that they produce an incubator that creates even more wealth.

Business Plans that create market for more business plans, I like a lot!

AL

$20 trillion business idea

Check this out!

http://mashable.com/2012/04/26/planetary-resources-asteroid-mining-trillions/

Have a fantastic weekend!

AL

Marketing Plan

Perhaps a business plan is not the best for your business needs, in many cases a good marketing plan will produce better results.

Ask, "do I need to raise funds?"

When your answer is no, consider rather focusing on a Marketing Plan.

AL

Non Profit

When planning for a Non Profit, consider that business and not for profit are a contradiction.

Rather give your Plan the Heading, "Organisational Deployment Plan" or "Operating Plan".

Its interesting to note that many legit businesses operate like non profits during the first few years due to the difficult nature of maintaining growth and self financing it. Many businesses never leave this stage, often businesses serving corporate customers are more difficult and less rewarding to operate than non profits are.

In your personal vision of your business, please always keep in mind what you are getting out of it and how much it is of benefit. It may be better for you to convert to non profit, make a living and still be of service.

Best of good fortune to you!
AL

Business Plan too much

When developing a business plan, you do not want to provide too much.
A large document loses most peoples attention, you will want to be efficient.
12 to 15 pages is enough and the idea itself should be doing the selling.

Keep the person on the other side of the table interested and asking questions.

Encourage them to ask for anything and be ready with the spreadsheets when requested.

Good Luck!

Cost of a Business Plan

Business Plans can be inexpensive to set up  http://fiverr.com/bowzer

Target Market

Identify your target market and develop your advertising or marketing campaign around that.

You will need to pay attention to the age of the client, the location and the income bracket.
Working on your Business Plan and referring back to it regularly will help you identify with who your core client is and what you should be focusing on to attract more market share. Target Market is therefore in your Business Plan.

Energy drinks for example are consumed mostly by those who fall within the 15 to 39, age group. The consumption figures show that 52% of the consumption is by males. You can picture it, sports event or night club, men and women.

A closer look at the Gardening product sales in the UK reveals that the larger average gardening budget belongs to women in their 50's. You can picture that, you see a 50 something lady in her welly's tending to flowers.

Realizing exactly who to focus your efforts on will result in a better product or service and therefore a better experience for your client. Once you know exactly who you want to make smile you can set about working with them in mind and your effort will better be rewarded.

Clients

A client is someone who...

1. Supports you regularly
2. Likes your service
3. Likes your cost
4. Likes the quality of your product
5. Brings other clients to you

That in a nutshell is a client, you are responsible for the above being true.

M is for Model

Business Model

During the past 18 years I have been exposed to many diverse small business experiences. The one that left the most profound impression on me was the following set of events.

I had been running an engineering business for 7 years, it had been tough. Engineering requires that you initially spend 4 years studying to qualify. Then when you eventually have the capital to go it alone you can spend two years courting a client before they eventually include you in their supplier base. Thereafter, the clients are constantly attempting to cut your fees and get you to work for less, with some corporate clients 15% profit before tax is what you get. On average these clients took 3 months to pay.

One day I picked up the phone and asked a guy about Fish, I purchased a small Freezer and opened a little shop. Ten days later I was opening the shop and there were clients that had been waiting for me to open at 6:30 in the morning. The week after that we moved 2000kg of fish. The best was our mark-up was 5 times what we were getting it for, we were buying for 1 and selling for 5 and it was immediate cash. WOW!

That little shop made more profit than the engineering business ever did. No higher education or courting of clients required. No labor fees. No expensive equipment. Whatever you do in your small business, you must get your work to achieve the best performance possible and the way that you do that is by ensuring that your business model is a frequent return real profit and preferably instant cash generating model.

A stands for Advertising

As much as you can you need to advertise your business.

Make it a point every day to do at least one of the following;

1. Hand out 5 Business cards or flyers.
2. Email (do not spam) your network larger.
3. Make sure you are on FB or LI and make contact.
4. Try and speak to 5 completely new prospective clients.
5. Ask a return client to refer business to you for discounts. 

W stands for...

Starting desires are usually many but you need to clearly ascertain

1. What you hope to achieve
2. What Service or Product you will deliver
3. Why would the client come to you
4. What you want in return

Spend a good amount of time clearly thinking these through and then write down one answer to each.

Business Plans

Business Plans are an essential part of the process, with them you can organise your step by step approach along the ladder of business ownership and success.

Business Plans are very effective in raising capital and attracting partners. Your Business Plan is a living document and should be referred to and updated regularly.

Business Plans can be written up for as little as $5, to do this I recommend that you;

1. Open an account on Fiverr.com
2. Enter "Bowzer" in the on-site search
3. Hire them to write up the first Revision of your Business Plan, it only costs $5.

You will need to supply them the following;

1. Name of Business
2. Name of CEO
3. Postal Address (if none available you can make one up)
4. A short explanation of what your business will be involved in
5. The target market.

With this information they will write up a 12 to 14 page Business Plan and even do some research for you.

They are an experienced bunch and write on average one Business Plan per day.

Banking

Take note of your banking and your banking costs, choose wisely. Banking and book keeping fees are shockingly high.

On turnover of around 1.5 million banking fees can run at 40 000, that equates to 2.6 percent and can easily become more than what you as owner may profit out of the business.

Try to do as little banking as possible, keep it simple, do not have debit orders or any other unnecessary charges coming off.

Starting Up

A business startup is relatively easy to do, you need to organise yourself around the following;

1. A name (I recommend that you have 5 selected names that can be submitted).
2. The main purpose and operating arena of the business
3. The Bank Account (your first cost will be the registration itself)
4. An accountant that you have spocken with prior to registration or else one can be assigned to you.
5. Your Identification documents.
6. A Lawyer or Business Brocker who can register the business for you.
7. A postal address for your statements and documentation to be sent to.