What is most important in a business plan? What do I really have to cover?

First, here is what a standard business plan should cover: The company (its legal formation, history, and ownership) What it sells (the product or service) The market (including size of market, growth, and trends) The plan (sales forecast, sales and marketing strategy, milestones, assumptions, and tasks) The management team (organizational structure and managers’ backgrounds) Financial […]

Making Financial Projections in Your Business Plan

Whether you are seeking funding from investors or putting a business plan together as a blueprint for managing and monitoring your business, it is imperative that you make financial projections. Such financial projections will attract investors and serve as a guide to future business decisions.
Financial projections can be intimidating. However, they are less a matter of mathematical aptitude and more a matter of your knowledge of your business, the industry, and the market.To make projections

Making Valentine’s Day Revenue Work for You After the Romance Flutters

The three days will directly affect the futures of many restaurants that have hung on, grasping for full dining rooms, throughout the bleak month of January while looking towards increased February sales. Most restaurants will notice an increase in covers and per person spending throughout the weekend, however, sales alone is not the single solution to a brighter March