In my local paper today there was an article about a night club owner who is being sued by the neighboring businesses. As I was reading, I couldn’t help but lecture the business owner for not doing his research or more of it before spending ALL that money, $1million to be exact, and opening his [...]

When you started your business hopefully you wrote a business plan. If you did not, you can create a short version of a business plan now. While writing a business plan helps you prepare for the initial start-up phase and the first few years of operations at some point it becomes outdated. Many business owners [...]

A sole proprietorship is one of the easier and most common forms to start a business. The only requirement of a sole proprietorship is registration as a business if any name other than the owners name is used for the business. The sole proprietorship is an extension of the business owner, not separate from it. Although [...]

In order to succeed in business, it is important to have a sound business plan. Without proper planning, a business may fail and this is unfortunate. The utilization of tactical planning to compliment strategic goals, is a vital step towards success.  It is particularly important for small business owners to establish tactical planning goals to help achieve [...]

The economy is tough, but even when the economy is good there are many businesses that close their doors. Some of these failed businesses could have stayed open if they invested a little time in Contingency Planning. Many people don’t want to think of what might happen to their business if things don’t go as [...]

There are many businesses out there that need start-up funds for their new business. Often times, the business may be too young or may not qualify for loans from a financial institution and therefore need to seek capital elsewhere. This is what an Angel Investor does. An Angel Investor is an individual that provides any [...]

Do you want to start a new business? Ever thought of writing a business plan? Think you can just start your new venture without one? You can, but how will you know what you need to do next? The main reason people write a plan is to obtain funding from a bank or investor. But [...]

Join me tomorrow, October 21st (Wednesday) at 2 p.m. PST as I join my friend Dave Lindbeck on this radio show to discuss business plans. Listen here: Talk About Success.

What if? What do you do when things do not work out the way you planned? Do you have a back-up plan, i.e., a contingency plan? When an entrepreneur is starting a new business all they see is opportunity. They may consider, for just a moment, that things might not work out they way they [...]

More new businesses are started in periods of recessions than in strong economic markets. This makes logical sense because people who have been laid off search for other avenues to earn money to support their families. Every entrepreneur is driven by something different and they have a varied skill sets. There is no one “right” [...]