"Starting a business takes more than a good idea," said Bridget Weston, CEO of SCORE. "It takes a clear purpose, a thoughtful ...

Mercury reports on navigating market volatility, emphasizing scenario planning, identifying leading indicators, and finding ...

Check out small business ideas for artists and creatives. Discover profitable ventures, required resources, and growth ...

When your foundation is solid and your plan is strong, you can afford to be flexible without collapsing. Developers don’t build for the next six months; they build for the next 20 years. They think ...

Creating a business plan from scratch can seem daunting, especially for those new to entrepreneurship. However, understanding its purpose is the first step towards success.

2. Focus on your business plan. “Once you understand your customer, take time to write a proper plan you can follow through at least the first three years of your business,” Shufelt says.

A business plan is a document that explains what a company’s objectives are and how it will achieve them. It can address marketing, financial, and operational objectives.

Script at First, Then Adapt Most NFL coaches begin their games with a script of plays they plan to run before adapting based on the outcome. For business leaders, this should sound familiar.

When it comes to creating a successful startup business plan, financial projections are essential. This includes analyzing your startup’s expenses, projecting revenue and forecasting cash flow.

Know What You Want to Accomplish With a Tax Plan. Do you want to preserve working capital, build wealth outside your business, obtain equipment to help expand capacity or create new capabilities ...