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Small Business Tips, small business admin.#Small #business #admin



Small business admin

10 places moonlighting entrepreneurs love to burn the midnight oil

Working outside a typical office environment is exciting, but finding a location with solid Wi-Fi, plentiful outlets and a good vibe — plus food and coffee — isn t as easy as it sounds.

Moonlighting: 5 tips from entrepreneurs who’ve been there

These tips from the trenches will help moonlighting entrepreneurs succeed in the long journey that is transitioning a night job into a day job.

7 Tips for Surviving The Leap From Employee to Entrepreneur

Becoming a successful entrepreneur takes more than a great idea and important connections (although both do help). Making the shift from the steady life of a full-time employee to the unpredictable world of entrepreneurship requires a shift in mindse.

7 Bootstrapping Tips for the Resourceful Small Business

Small businesses must be resourceful to stay afloat. With smaller budgets, big ideas need to be as proactive as they are cost-efficient, taking into account everything from consistent industry changes, cash flow, customer needs and the unexpected cha.

Should You Really Send That to the Cloud?

What s harder than migrating to the cloud? For many small businesses, it s deciding what goes into the cloud and what stays in-house. Considering the amount of data small businesses store and all the security and compliance issues involved in moving .

21 Great Minds on What it Means to Be an Entrepreneur

Are entrepreneurs creative, confident, driven or just plain insane? Favorite Valley Girl Show guests weigh in.

4 Simple Ways to Get More Mileage Out of Your Press Release

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. Did you know that just 14% of releases posted on major wire services have .

Small Businesses Need Mobile-Ready Sites for the Holidays

With increasing numbers of consumers using mobile devices to make their holiday purchases, smartphones and tablet computers may be elbowing aside elves as Santa s helpers this year, experts predict. But small businesses remain woefully unprepared to .

4 Time-Saving Tips for Businesses on Tumblr

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. Most small businesses know the benefits that come with having a blog. Toda.

4 Socialcam Tricks for Your Small Business

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. Socialcam is a staple for instantly sharing video content. Touted as Inst.

Social Collaboration Tools Can Make Your Business More Efficient

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. We’ve seen a significant increase in contingent workers since the Great Re.

6 Ways to Prove Yourself as a Young Entrepreneur

Derek Flanzraich is the founder and CEO of Greatist, a health and fitness media startup dedicated to inspiring and informing the world to make one healthier choice per week. Follow him @thederek. If the average age of a tech company entrepreneur is n.

11 Things You Didn’t Know About Yelp

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. Next to Google, there s probably no more important site for small business.

The Small Biz Guide to Patents, Copyright and Trademarks

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. Your company’s intellectual property -– from your logo to trade secrets -–.

10 Google+ Circles Marketers Should Follow

Brian Honigman is the digital marketing manager at Marc Ecko Enterprises. He ensures a polished brand experience across all channels. Follow Brian @BrianHonigman and on Google+. It s true that marketers tend to rely on Twitter, Facebook, and LinkedIn.

3 Reasons Your Company Still Hasn’t Moved to the Cloud

David Politis is the founder and CEO of BetterCloud, the makers of FlashPanel, the number one admin tool for Google Apps. Follow him @DavePolitis. It’s only natural to reject change in a work environment. Change generally means relearning processes f.

Are You Your Own Worst Boss?

Nellie Akalp is the CEO of CorpNet.com, an online legal document filing service, where she helps entrepreneurs incorporate or form an LLC for their new businesses. Connect with Nellie on Twitter or visit her free resource center. Starting a business .

4 Underrated Travel Apps for Better Business Trips

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. These days, it s easy to clutter your smartphone with apps that are design.

Is Your Side Business Legal?

Nellie Akalp is the CEO of CorpNet.com, an online legal document filing service, where she helps entrepreneurs incorporate or form an LLC for their new businesses. Connect with Nellie on Twitter or visit her free resource center. From blogging to han.

Are You Falling Into the Pricing Trap?

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. When Molly first launched her catering business, she offered deep discount.

Top 5 Qualities to Look for in Startup Job Candidates

There’s something incredibly adventurous about startup companies. Maybe it’s the lack of bureaucracy and office politics. Or the freedom to create ideas and make decisions. Either way, many job candidates are attracted to the startup environment. But.

Essential Startup Funding Tips From 8 Seasoned Investors

The web and technology bubble has a lot in common with the rest of the business world in that there are essentially two disparate groups — the haves and the have nots. The haves possess money, power, influence, or the right friends with those qual.

9 iPhone Apps for Managing the Recruiting Process

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. Typically when businesses decide they need to hire someone, they want to h.

4 Things Small Businesses Should Know About Facebook’s New Groups

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. When Facebook overhauled its Groups this month, users responded with a hea.

5 Tips for Startup Success From a Co-Founder of HootSuite

The Digital Entrepreneur Series is supported by Egnyte. Egnyte Hybrid Cloud File Server delivers critical business infrastructure — online storage, file sharing, collaboration and backup — at LAN speeds. Visit www.egnyte.com to learn more. Digital .

5 Online Tools for Answering Your Small Business Questions

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business. Running a small business is filled with unknowns and crash course lessons.

5 Teen Social Media Trends that Can Be Applied to Small Business

Hey there, ma and pop: Are you hip to Twitter, Facebook and the myriad of other social media tools that are currently at your disposal — you know, the ones the teens and 20somethings have basically dovetailed into their everyday lives? Social media .

Home, Business Victoria, small business plan.#Small #business #plan

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Advancing Victorian Manufacturing is the Victorian Government’s blueprint for growth of manufacturing in Victoria.

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You can do good and make money at the same time. That’s the message from Bessi Graham of The Difference Incubator.

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Victorian Government support is available to businesses experiencing significant rises to gas and electricity costs.

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Small Business Victoria Workshops are low cost, practical and run by experts in their fields year round across metro and regional Victoria.

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To help get your business moving, the Small Business Bus is now touring Victoria bringing expert advice and assistance to you.

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Find everything you need to know about grants and assistance programs to start, run and grow your business.

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ABLIS is a free online tool which helps you find government licences, permits and registrations applicable to your business.

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Tips, tools, news and events to help you run and grow your business – delivered fortnightly.

Investor – s Business Daily, Stock News – Stock Market Analysis, small


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The Big Picture: Bulls Buy Time
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    Chinese, Retail Powerhouses Plus GE: Investing Action Plan

    12:30 PM ET The strength of China’s internet economy will come into focus with quarterly reports coming up.

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    Time Is A Critical Consideration Of Swing Trades

    11/10/2017 Time is a distinguishing characteristic of swing trading. There are shorter consolidations, shorter moving average.

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    IBD’s most stringent and powerful screen, Sector Leaders highlight the best stocks in IBD’s 33 sectors. All Sector Leaders show outstanding earnings and sales growth in recent quarters and are strong across many other fundamental and price-performance metrics.

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    Q3 Review: Can Energy Industry Stocks Rally On $50 Oil?

    Shale oil and other energy companies survived a two-year glut by tightening belts and adopting novel technologies. Now how well.

    Shale oil and other energy companies survived a two-year glut.

    Is Tencent’s Snap Buy A Dwindling Trend, As China Reels In Deals?

    Investment by China-based companies in U.S. names slowed sharply this year.

    Investment by China-based companies in U.S. names slowed sharply this.

    Roku Stock Breaks Out On Post-Earnings-Report Fervor

    Shares of Roku roared higher as investors continued to applaud the company’s third-quarter earnings report.

    Shares of Roku roared higher as investors continued to applaud.

    Here’s What To Expect When China Internet Giant JD.com Reports

    JD.com has a business model similar to Amazon, and competes most directly in China against Alibaba.

    JD.com has a business model similar to Amazon, and competes.

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    About Investor’s Business Daily – Investor’s Business Daily provides exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market. All of IBD’s products and features are based on the CAN SLIM® Investing System developed by IBD’s Founder William J. O’Neil, who identified the seven common characteristics that winning stocks display before making huge price gains. Each letter of CAN SLIM represents one of those traits.

    Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.

    *Real-time prices by Bats®. Volume delayed. Real-time quote and/or trade prices are not sourced from all markets.

    © 2000-2017 Investor’s Business Daily, Inc. All rights reserved

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    Self Employed Individuals Tax Center, Internal Revenue Service, small business assistance.#Small #business

    Self-Employed Individuals Tax Center

    Who is Self-Employed?

    Generally, you are self-employed if any of the following apply to you.

    • You carry on a trade or business as a sole proprietor or an independent contractor.
    • You are a member of a partnership that carries on a trade or business.
    • You are otherwise in business for yourself (including a part-time business)

    What are My Self-Employed Tax Obligations?

    As a self-employed individual, generally you are required to file an annual return and pay estimated tax quarterly.

    Self-employed individuals generally must pay self-employment tax (SE tax) as well as income tax. SE tax is a Social Security and Medicare tax primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners. In general, anytime the wording “self-employment tax” is used, it only refers to Social Security and Medicare taxes and not any other tax (like income tax).

    Before you can determine if you are subject to self-employment tax and income tax, you must figure your net profit or net loss from your business. You do this by subtracting your business expenses from your business income. If your expenses are less than your income, the difference is net profit and becomes part of your income on page 1 of Form 1040. If your expenses are more than your income, the difference is a net loss. You usually can deduct your loss from gross income on page 1 of Form 1040. But in some situations your loss is limited. See Pub. 334, Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ) for more information.

    You have to file an income tax return if your net earnings from self-employment were $400 or more. If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 instructions (PDF).

    How Do I Make My Quarterly Payments?

    Estimated tax is the method used to pay Social Security and Medicare taxes and income tax, because you do not have an employer withholding these taxes for you. Form 1040-ES, Estimated Tax for Individuals (PDF), is used to figure these taxes. Form 1040-ES contains a worksheet that is similar to Form 1040. You will need your prior year’s annual tax return in order to fill out Form 1040-ES.

    Use the worksheet found in Form 1040-ES, Estimated Tax for Individuals to find out if you are required to file quarterly estimated tax.

    Form 1040-ES also contains blank vouchers you can use when you mail your estimated tax payments or you may make your payments using the Electronic Federal Tax Payment System (EFTPS). If this is your first year being self-employed, you will need to estimate the amount of income you expect to earn for the year. If you estimated your earnings too high, simply complete another Form 1040-ES worksheet to refigure your estimated tax for the next quarter. If you estimated your earnings too low, again complete another Form 1040-ES worksheet to recalculate your estimated taxes for the next quarter.

    See the Estimated Taxes page for more information. The Self-Employment Tax page has more information on Social Security and Medicare taxes.

    How Do I File My Annual Return?

    To file your annual tax return, you will need to use Schedule C (PDF) or Schedule C-EZ (PDF) to report your income or loss from a business you operated or a profession you practiced as a sole proprietor. Schedule C Instructions (PDF) may be helpful in filling out this form.

    Small businesses and statutory employees with expenses of $5,000 or less may be able to file Schedule C-EZ instead of Schedule C. To find out if you can use Schedule C-EZ, see the instructions in the Schedule C-EZ form.

    In order to report your Social Security and Medicare taxes, you must file Schedule SE (Form 1040), Self-Employment Tax (PDF). Use the income or loss calculated on Schedule C or Schedule C-EZ to calculate the amount of Social Security and Medicare taxes you should have paid during the year. The Instructions (PDF) for Schedule SE may be helpful in filing out the form.

    Am I Required to File an Information Return?

    If you made or received a payment as a small business or self-employed (individual), you are most likely required to file an information return to the IRS.

    Business Structures

    When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a relatively new business structure allowed by state statute. Visit the Business Structures page to learn more about each type of entity and what forms to file.

    Home Office Deduction

    If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and renters, and applies to all types of homes.

    Married Couples Business – What is a Qualified Joint Venture?

    The employment tax requirements for family employees may vary from those that apply to other employees. On this page we point out some issues to consider when operating a married couples business.

    For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) provides that a “qualified joint venture,” whose only members are a married couples filing a joint return, can elect not to be treated as a partnership for Federal tax purposes.

    Considering a Tax Professional

    Online Learning Tools

    The Small Business Taxes: The Virtual Workshop is composed of nine interactive lessons designed to help new small business owners learn their tax rights and responsibilities. The IRS Video Portal contains video and audio presentations on topics of interest to small businesses, individuals and tax professionals.

    Small Business Institute, small business consultant.#Small #business #consultant

    Call for Officer Nominations Now Open

    Submission Deadline is October 31, 2017

    Welcome to the Small Business Institute

    Letter from our President – Dr. John Batchelor

    Small business consultant

    On behalf of the Small Business Institute® (SBI) Board of Directors, members, and small business people everywhere, welcome!

    For over four decades, academicians, business practitioners, and community leaders have gathered across the nation to present and discuss strategies in education, business, and community engagement. We have achieved this level of success and interdisciplinary collaboration in many ways.

    Our annual conferences feature exceptional refereed and peer reviewed competitive papers, best practices, workshops, abstracts, and student consulting project submissions. The SBI Journal (SBIJ) showcases scholarly research articles and cases in the fields of small business management, entrepreneurship, and field based learning. As one of the official journals of the SBI, SBIJ is recognized as the applied and pedagogical instrument for projecting and supporting the goals and objectives of SBI. Our Journal of Small Business Strategy (JSBS) explores both conceptual and empirical-based applied research. JSBS features articles that contribute substantially to the understanding of small business strategy, with the small business/entrepreneurship educator, small business owner/manager, and the small business consultant in mind.

    SBI is the premier organization dedicated to experiential learning and small business inquiry. The organization has consistently demonstrated its commitment to students, faculty members, small businesses, and nonprofit organizations.

    I invite you to explore our website and examine the many member benefits and collective contributions that demonstrate our unwavering dedication to fostering entrepreneurial education together.

    John H. Batchelor, Ph.D.

    President, The Small Business Institute®

    Project of the Year (2016-2017)

    Student Experiential Learning – Project Competition

    Project Entry Deadline Approaching!

    Small Business Consultant: Job Description, Requirements & Career Info, small business consulting.#Small

    Small Business Consultant: Job Description, Requirements Career Info

    Learn about the education and preparation needed to become a small business consultant. Get a quick view of the requirements as well as details about degree programs, job duties and necessary work experience to find out if this is the career for you.

    To be a small business consultant, you need a master’s degree in business and experience working in the business field. Small business consultants help business owners improve their business operations. They may specialize in information technology, human resources or marketing, or they may give general advice on all areas of business management.

    Essential Information

    Small business consultants help a business owner to make his or her business operate better. Becoming a business consultant requires a master’s degree in a business-related field and experience working in business.

    Source: *U.S. Bureau of Labor Statistics

    Small Business Consultant Job Description

    A small business consultant helps a small business owner improve his or her business operations. A consultant may specialize in a specific area, such as information technologies, human resources, or marketing, or may offer general services in all areas of business. The overall goal of a small business consultant is to help make a business better through addressing problems and recommending solutions.

    A small business consultant communicates with employees, reviews documents and watches day-to-day business operations to understand what problems exist and why. Job duties of a small business consultant include forming solutions to problems and presenting those analyses to the business owner. A consultant works closely with the business owner and employees to gather information used to assess what changes need to be made to solve problems, improve the business and reach goals. After gathering and analyzing information a consultant may develop reports for the business owner detailing solutions, such as developing training programs, creating an employee handbook, creating new reporting systems, purchasing new equipment and changing workplace layout.

    A small business consultant uses desktop and laptop computers, removable media devices, projectors and standard office equipment, such as copiers and fax machines. A consultant also uses software programs to assist with job duties, such as analytical software, data base software and enterprise resource software.

    Find schools that offer these popular programs

    • Entrepreneurship
    • Small Business Management and Operations

    Small Business Consultant Requirements

    A small business consultant needs to obtain a master’s degree in a field related to business, such as business administration or business management. Other degree areas that would be appropriate for a career in business consulting include:

    Small business consultants need work experience in business management or related fields. Employers look for specific, proven skills in customer service, administration, management, human resources and computers. A person must also have some basic understanding of business operations and various areas of business. Business consultants commonly get continuing education through attending conferences or a certification course.

    Small Business Consultant Career Info

    According to the U.S. Bureau of Labor Statistics (BLS), 20% of management analysts (the BLS category for business consultants) were self-employed in 2014. The remaining 80% worked for either private firms or government agencies. Most consultants will work a typical 40-hour week, but overtime is common. Small business consultants work mostly in an office environment, but travel is also part of the job. The BLS reported that as of May 2015 the median salary for management analysts was $81,320.

    The BLS predicted that from 2014 to 2024, job growth for management analysts would be 14%, with the majority of that in jobs that require specific knowledge or skills, such as international business and information technology. Additionally, changes in the economy may impact job growth as businesses need efficient business operations. The green movement also may have an impact as businesses try to improve their operations to be more environmentally friendly.

    Small business consultants typically need a master’s in business administration and experience working in the business field. The BLS predicts a 14% rate of job growth in this field from 2014-2024, which is much faster than average when compared to all occupations. This means that those preparing to begin a career as a small business consultant should find many job opportunities.

    Small Business Consulting Chicago – Small Business Advisors, Anchor Advisors, small business

    Anchor Advisors

    Anchor Advisors offers small business consulting in the Chicago area. Our advisors help businesses to grow with confidence and make better decisions.

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    Small business consulting Learn how Anchor Advisors can help you grow your small businessВ В»

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    Our business advisors identify the trouble spots of a business – from sales and accounting, to leadership and team development–and devise an action plan to strengthen those areas. When implemented, our business advice can help drive revenue, increase sales, improve company morale – and most of all, build the business owner’s confidence. Contact us today to learn more.

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    The easy way (and the hard way) to get leads and sell your services

    “I’ve tried that, it didn’t work…” I was having a discussion with an owner of a B2B creative services firm about his business development process. He had a strong business that he’d built by leveraging his personal network, but he wanted to see more growth. This is a business owner who’s aggressive and isn’t afraid to take a risk and try something, but sales tactic or process he’s tried ever got any traction. His business sort of sputtered along from year to year — one year it’s up 15% the next year down 10%. He wanted me to give him the answer, the one method or trick that was going to Continue Reading »

    Small business consulting

    Who’s your “teacher”? Who’s your mentor?

    When I was a young executive in a corporate job I met a woman named Marylin Dyer Blair. Marylin had a PhD in Industrial Psychology that she had earned in the 70’s. She was barely five-feet tall, with short gray hair—the kind of person that it’s easy to underestimate. But to do so would be a mistake! Marylin had great wisdom and insight into people, communication, and culture. She was a tremendous advisor to me in those days. At that time I had a lot of opinions about—well, everything. But the ones I had (and couldn’t help sharing) about how the business should be run were getting me into Continue Reading »

    Small business consulting

    Finding Where Goals and Resources Intersect | Non-Profit Case Study

    “Vision without action is a daydream. Action without vision is a nightmare.” В

    Japanese proverb In business, as in life, resources are limited; and few organizations feel the squeeze of resources quite like non-profits and associations. Unfortunately, the vision and goals of such organizations are often developed in strategic planning processes without ever considering the biggest barrier to success: the available resources in which to achieve these goals. If you don’t heavily consider resources when making plans, you risk having your visions defeated by resource reality. It is a very Continue Reading »

    How to Shop for a Bank – Small Business, best bank for

    How to Shop for a Bank

    • Find out whether your bank can make prompt decisions, or has to check with the home office.
    • Learn whether the bank is comfortable making loans backed by the U.S. Small Business Administration (SBA loans).
    • Look into special services, but be aware of added fees.

    Small Business Administration Business Plan Tips, the small business administration.#The #small #business

    Writing a Business Plan: Tips from the SBA

    The best way to turn your great business idea into a reality is through the creation and use of a well-thought-out business plan. A strong business plan not only attracts investors or secures financing in the early stages of business development, but can also function as a roadmap for the future.

    Great business plans have a structure that allows you to define what your business is, the market it serves, how it will conduct operations and the money it will make and spend. Here are the sections the Small Business Administration recommends including in your business plan.

    Executive Summary. The executive summary is considered the most important part of the business plan, and is usually written last. Its purpose is to summarize the rest of the plan, introducing the reader to your business in its most condensed form. It should talk about the highlights of your business, your mission statement, the history of your company and what you see in its future.

    Company Description. This section goes into more detail about your products and services, how they meet the demands of the market and the differentiators that set you apart from your competitors. [See Related Story: Business Plan Tools for Startups]

    Editor s note: If you re looking for information to help you with writing your business plan, use the questionnaire below to have our sister site provide you with information from a variety of vendors for free.

    Market Analysis. This is where you show off what you know about your industry, and in particular, the market your product or service will serve. Discuss your target market, its size, the distinguishing characteristics of your offering, and how much market share you can capitalize on accordingly.

    Organization and Management. This details how you are going to run your company and conduct day-to-day operations to meet company goals. Talk about organizational structure, the management team and what makes this team qualified to run the company.

    Service or Product Line. In this section, describe your product or service and the consumer needs that it meets. If applicable, talk about patents filed on intellectual property. Describe the product s life cycle, and any research and development activities for new versions or products.

    Marketing and Sales. In this section, discuss your overall marketing strategy, including market penetration, growth, channels of distribution and communication. Your sales strategy includes your sales force and sales activities what will get your product or service into the hands of the customers your marketing strategy created.

    Financial Projections. Here, you will discuss historical financial data and the prospective financial data developed after you ve analyzed the market and set clear objectives for your business. Projections should explain any assumptions you ve made in developing the data.

    Funding Request. If you are planning on using your business plan with financing institutions or investors, your business plan must include a funding request. Discuss your current funding requirement, the requirement over the next five years and how you intend to use the funds.

    Appendix. This is not in the main body in your business plan but can contain data that would be of interest to financial backers. This can be your personal credit history, r sum s, letters of reference, contracts, list of business consultants and other documents.

    In an email interview with Business News Daily, Tameka Montgomery, associate administrator of the SBA s Office of Entrepreneurial Development, shared some additional thoughts on what entrepreneurs should know about writing a business plan.

    Business News Daily: What are the most important qualities of a good business plan?

    Tameka Montgomery: It s very important your business plan is thorough and well written, but you also want it to be clear on what you have to offer. Ask yourself: Beyond basic products or services, what are you really selling? Identify your niche. You don t want to become a jack-of-all trades and master of none, because this can have a negative impact on business growth. As a smaller business, it s often a better strategy to divide your products or services into manageable market niches. Small operations can then offer specialized goods and services that are attractive to a specific group of prospective buyers.

    BND: What are some of the challenges new business owners face in creating their business plans?

    Montgomery: One of the big challenges for smaller businesses is actually building a business plan. SBA can help [with its] Build a Business Plan online tool. It provides a step-by-step guide to help new business owners through the process of creating a basic, downloadable business plan. The great thing about this tool is they can build a plan in smaller bites, save their progress and return at their leisure.

    BND: Is there anything entrepreneurs often overlook when making a business plan?

    Montgomery: Entrepreneurs often overlook concrete, specific plans and sales forecasts. All businesses need to project sales because the plan versus actual impact of sales is the key to ongoing management in changing times. Your costs and expenses pivot on sales.

    BND: Do you have any general tips for creating a good business plan?

    Montgomery: Business owners should reach out for help. SBA has an extensive network leveraged through our resource partners and available to small businesses nationwide. The resource partners include 950 small business development centers, more than 100 women s business centers, and 350 chapters of SCORE volunteers who provide training and counseling. Counseling is free, and training courses may have a small fee to cover costs through this strong network that provides management and technical assistance. In addition, SBA s online training offers free courses and online tools to assist entrepreneurs with business management resources.

    Ready to write your business plan? Here are some more free templates to help you get started.

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    With an Associate s Degree in Business Management and nearly twenty years in senior management positions, Marci brings a real life perspective to her articles about business and leadership. She began freelancing in 2012 and became a contributing writer for Business News Daily in 2015.