Business Planning Articles

  • Electronic commerce

    How Much Money Do You Need to Start a Business?

    by on October 2, 2014

    You can have the best business idea of the century, but your cash register probably won’t be doling out angel’s wings (to quote It’s a Wonderful Life) the day you open. Every new business should allow time to work out the kinks, learn from mistakes, and…

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  • new plant new business

    Ready to Start a Business? Here’s What It Will Cost

    by on September 29, 2014

    Data from the Small Business Administration (SBA) Office of Advocacy confirm what many small-business owners already know from personal experience: Most small businesses are started on a shoestring budget. Based on 2007 Census data, 70 percent of entrepreneur…

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    4 Business Rules You Can Safely Break

    by on September 17, 2014

    When it comes to certain aspects of running a business, such as withholding employee taxes, it pays to follow the rules. In other areas, however, straying from standard practices might be a smart move.

    Here are four business rules you can break — and, in …

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  • Amy Amoroso

    How One Entrepreneur Is Empowering Youth

    by on September 8, 2014

    Amy Amoroso, jeweler and owner of AnoMalY by Amy in Evanston, Illinois, didn’t plan to teach young people how to run their own businesses. “A woman approached me about seven or eight years ago and said, ‘My daughter would really like to learn to make jewe…

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  • businesswoman hand and grow graph

    SWOT Analysis: What Is It and How Does It Help Your Business?

    by on September 1, 2014

    Launching a new business venture is a major undertaking, and it’s vital that you do your research to make sure you’re prepared. When you’re sizing up the competition and developing a marketing plan, conducting a SWOT analysis is an effective way to identify po…

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  • 2014_7_14-small-AM-How_to_Determine_Your_Market_Profitability

    How to Determine Your Market Profitability

    by on June 25, 2014

    When it comes to market profitability, not all industries are created equal. According to Bloomberg’s Industry Leaderboard, while Apple commands the largest percentage of the computer hardware market, that market ranked No. 51 (of 60) in terms of profitabil…

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  • 2014_7_14-small-AM-How_to_Determine_&_Use_Your_Market_Growth_Rate

    How to Determine and Use Your Market Growth Rate

    by on June 25, 2014

    A business performs a market analysis to identify its customers along with their various needs and wants. A crucial aspect of a market analysis is finding the market growth rate, which refers to the rise in sales among your customer base over a given period …

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  • 2014_7_14-small-AM-How_to_Conduct_Market_Research_with_Surveys

    How to Conduct Market Research With Surveys

    by on June 25, 2014

    When conducting market research, a great way to get quantitative analytics and hard data is through surveys. Surveys, whether given online or in person, can help you measure feelings and attitudes toward your products and assist with planning for the developm…

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