Our latest thinking on the issues that matter most in business and management.
One of the larger sections of any business plan, the marketing plan explains to your reader what you are going to sell, how much you will charge, how you will position and promote your product or service, and what sales channels you plan to use. The marketing plan accomplishes this by introducing your unique selling…
When you put your heart, soul, and life savings into your business but still need help to move it forward, an investor can help. They can offer you money or support to grow your business in exchange for a share of the profits. Bringing in an investor (or group of investors) involves more than just…
If you are planning to start your own business, choosing the right city is an essential decision. Here are the top cities in Canada that could be ideal for the location of your new company. Introduction Start-ups are an essential element of the Canadian economy and help ensure that the country does achieve high…
Have you ever considered opening an automotive repair shop? Auto shops are known as businesses that have strong cash flow, and fair profits. In this auto repair shop business plan sample we will show you what goes into developing a strong plan. Please remember this is merely a guide, and the best business plans are…
The definition of an SME can differ based on individual countries for tax and accounting purposes. Below, you will find a guide on SME definitions by different countries around the world. Often considered the heart of the economy, SMEs refer to small or medium-sized enterprises. Businesses that fit under these categories are defined based on…
Crucial to business plans designed to secure funding or partnerships, your products and services section needs to showcase the quality, value, and benefits your business offers. It's not just a list of what your business is going to produce or provide. Instead, it outlines what you make or do, why your market needs your products…
Countless business plans won’t receive the funding they need to get off the ground. This article explores some of the key reasons why this occurs and what you can do to avoid them. Planning can be a crucial element to ensure that your business is a success. Indeed, studies suggest that the right plan can…
“If you don’t know where you are going, you’ll end up someplace else.” – Yogi Berra Sure, Yogi was likely talking about baseball and not business, but the wisdom imparted remains the same: Planning matters. Regardless of the industry you’re in or the size of your business, whether you’re a start-up or established, having a…
Two businesses can sell the same product or service to the same people, but one will fail, and the other will see massive year-over-year growth. Why? It’s all in how they market what they are offering. Your business plan should include a section with a digital marketing strategy for your company and how it…
Do you have experience in the pharmaceutical industry, ecommerce, or both? Have you ever considered opening an online pharmacy? Welcome to this online pharmacy business plan sample where we show you what it takes to open your own! We can’t stress enough the importance of conducting your own research, and retaining a lawyer to understand…
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