Saturday, July 13, 2024

Business Plan Resources

                With hundreds of free business plans and sample business plans available online, you can have your own plan up and drafted in a single afternoon.

 


 

  • Bplans – The largest online collection of free sample business plans. Also provides helpful tools and guides to help you better manage your business.

  • Bplans's Gallery of Samples – Over 500 examples of business plans.

  • Oprah.com's One page Template – Get one-page business plans for a small consulting business, a boutique clothing company and a nonprofit organization.

  • Score's General model Startup Template – Business plan template for a startup business, with instructions for each section and fillable worksheet.
  • Business Plan Pro, popular business plan software that comes with more than 500 business plan formats for different business models and industries, as well as financial formulas, charts, graphs and tables built in.

    @DArtCrea
     

Monday, July 1, 2024

Write Your Business Plan

         When you’re starting a business part time, you may think you don’t need a business plan. However, a business plan is important for any startup—big or small. Much more than a tool for obtaining a business loan, the business plan is the road map you will use to keep your startup on the right track. 

 

 

 Business plans typically include these sections:

 Executive Summary: 

1. The Business 

2. Financial Forecasts 

3. Supporting Data

 We’ll explain the Executive Summary last, because you’ll write it last.

 


 1. The Business: This section explains your business model—what your business does and how it will make a profit.

  • Describe your business, your product or service and why there is a need for it. 
  • Explain who your target market is and how you will market to them.
  • Describe the sales channels you will use to sell your product or service.
  • Detail who your competition is and what characteristics will enable your business to compete effectively.
  • List your experience and background, and that of any co-founders or partners.  

2. Financial Forecasts: Explain how much it will cost to start the business, where the money will come from and how you will spend it, and your financial projections for growth.

  • List the equipment you’ll need to buy and any other investments you must make to get started.
  • Explain where your startup money will come from, such as personal loans, savings or salary.
  • Project your income and expenses for the first year in business and estimate how long it will take to break even.
  • Include any outside investors or grants as an option of where your startup money may come from.

 

 3. Supporting Data: Like an appendix for the business plan, this section provides backup evidence for the information you included elsewhere, such as the size of the market for your product or service.

 

@DArtCrea

 

 

 

 

Sunday, June 30, 2024

Are you planning to work part-time?

              When starting a business while working full time, you must choose a concept that lends itself well to part-time operation and meshes with your personal and job commitments. For example, if you work 9:00 to 5:00 in your full-time job, it’s probably not realistic to start a retail store that has to be open from 10:00 to 8:00. 

              However, with a few adjustments, many business concepts (even retail!) can be made to fit your needs. Take these factors into account when selecting your business idea:


 10 STARTUP IDEAS

                Looking for a business idea? The following businesses don’t need a commercial location and can easily be run from home. Any meetings with customers can take place in the early mornings, evenings or on weekends, at their homes or businesses.

 1. E-commerce website

 2. Tutoring service 

3. Children’s extracurricular activities (i.e., language, art or music lessons) 

4. Catering business 

5. Housecleaning/home services

 6. Personal training 

7. Interior decorating 

8. Writing/editing service 

9. Pet grooming 

10. Photographer


 Save your time with CANVA Template :https://www.etsy.com/shop/DArtCreaDesigns

 

  •  What days and hours do you currently work? Unless you can adjust your work schedule (for example, requesting an early morning shift so you have afternoons off), you’ll need a business you can operate outside your current work hours.
  • What days and hours can you devote to your business? Consider personal commitments as well as job responsibilities. If you are single, childless and have nights and weekends free, you have more time to spend on a business. If you travel frequently for your job, work very long or unpredictable hours, or have a spouse and young children, you may need to start very small or find a business partner to help out.
  •  Would your business require an outside location such as a store or office? Where there’s a will, there’s a way. For example, if you’re determined to start a retail store, you could enlist a partner who can run the store while you’re at work. However, choosing a business that can be run from home—at least at the beginning—will make your life a lot easier. If you’ve always wanted a retail store, you could start with an e-commerce site and add a physical location when your business goes full time.
  •  When and where will customers or clients expect to meet with you? Businesses where most interaction with customers takes place over the phone or by email; at customers’ homes or places of business; or during the evenings, nights or weekends are ideally suited to part-time operation. Since customers won’t expect to meet with you during normal business hours, you can keep your day job.

 

                               @DArtCrea