This is a financial literacy quiz for aspiring and existing entrepreneurs. This is the kind of information every entrepreneur big or small should be familiar with.
Tag: business plan (Page 1 of 2)
If you are one of the 98% of the world’s population that could never figure out what a balance sheet is, this video may be your only chance to learn…
Once you have a model for your business, a business plan is important too. Rather than trying to figure out which template to use, try using one that can cater to mosr kinds of businesses. Click on the image below to acccess the web link for this
One of the leading thinkers about business models is Alex Osterwalder, the authored the book Business Model Generation and articulated the Business Model Canvas. Osterwalder advises that entrepreneurs ask themselves the following questions about their business model as this may be helpful in identifying strengths and weaknesses in the approach to the business…
This is a really neat video explaining the time value of money and the inter-related concepts of Present Value and Future Value
How simple or complex your business plan will be will depend of course on the size of your business and the level of detail required by the target audience. The business plan outline proposed below is a comprehensive one that provides a full template. You can simplify/modify this to suit the requirement…
There is no magical way to predict if your business idea is going to take off or not. This entrepreneur however provides some insights on the kind of thinking that gives you some clues about the feasibility of your business proposition
Here is a quick checklist of questions you can ask to see if you are on the right track with your startup idea. Every “yes” answer is 1 point. If you score 14 or higher, this may just be the right idea…
As an entrepreneur, when you ask yourself how to grow your small business to the next level, you might at first think this is extremely difficult and get frustrated by the lack of possibilities. The reality is exactly the opposite – there are quite a few ways to do this and this article suggests a list of the kinds of things you can think about immediately. So let’s get started…
Based on Ash Maurya’s Lean Canvas method of startup business models
The Lean Canvas is an adaptation from Osterwalds Business Model Canvas . There’s a clear delineation down the middle, on PRODUCT versus MARKET and here’s a brief description of each block and the order in which entrepreneurs need to think in order to put together a viable, practical business plan, on one page.
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