Small Business Boomers

Part 2 of John Ingrisano’s article from Freestyle Entreprenuer which gives 10 Rules for Surviving, Thriving As A Small Business Owner. Enjoy! 
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6. Get good, objective advice. Your best source is your banker who — especially if you owe the bank money — has a vested interest in your financial solvency. The next best source is a good accountant (not just a bookkeeper, but an accountant) who can show you how to use your money to make more money and save taxes. Finally, talk to other successful business men and women. Do not talk to helpful friends and do-gooders who have never risked …read more

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Here is another great article that will help any baby boomer wanting to thrive as a small business owner. I have divided the article into two parts. The author, John Ingrisano from Freestyle Entreprenuer gives 10 Rules for Surviving, Thriving As A Small Business Owner. Enjoy!
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TEN RULES FOR SURVIVING, THRIVING AS AN SBO I know some small business owners (SBOs) who have cut corners, cheated, skipped out on bills, even embezzled from clients. Worst of all, I know some once-successful SBOs who got too big for their own britches, who began to think that the rules of successful business simply did …read more

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 This article is by Tory Johnson from ABC’s Good Morning America. Tory is a workplace contributor for Good Morning America and she is the CEO of Womenforhire.com. Tory Johnson is someone I would love to meet and/or interview for my blog Tough Questions? Great Answers! This is a relatively new blog with B5media and is about to be launched! In any case, take a look at her great article Start a Business for $200. This is part 3 of 3. Take a look and see if there is anything here that will help you move forward and start that new business.
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Making it Legal
Legal …read more

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This article is by Tory Johnson from ABC’s Good Morning America. Tory is a workplace contributor for Good Morning America and she is the CEO of Womenforhire.com.  Tory Johnson is someone I would love to meet and/or interview for my blog Tough Questions? Great Answers! This is a relatively new blog with B5media and is about to be launched!
In any case, take a look at her great article Start a Business for $200. This is part 2 of 3. Take a look and see if there is anything here that will help you move forward and start that new business. 
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Next step: Pricing
What will …read more

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This article is by Tory Johnson from ABC’s Good Morning America. Tory is a workplace contributor for Good Morning America and she is the CEO of Womenforhire.com.  Tory Johnson is someone I would love to meet and/or interview for my blog Tough Questions? Great Answers! This is a relatively new blog with B5media and is about to be launched!
In any case, take a look at her great article Start a Business for $200. I have divided into 3 parts. Take a look and see if there is anything here that will help you move forward and start that new business.
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We’ve heard from …read more

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As I stated in the Expand Your Business – Business Plan Part 5 post, I woke up yesterday with another idea for a business. The idea is incredibly plausible and I know that I could start and run a successful business with the idea, however I am in process on my current business. I have a lot of work to do to get it close to what I see it could be as far as successful, specifically profitable.
Anyway, I stumbled on this article from Ezine Articles called Expanding A Business – Write A Plan and I thought, it would be a …read more

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I woke up yesterday with another idea for a business. I have call them “creative moments.” The problem is I am currently working on a business idea, so this new “creative moment” seems untimely. However, I stumbled on this article tonight and given my “creative moment” yesterday, I thought it was timely. Here is a great article I found about why you should write a Business Plan. Enjoy this article from Ezine Articles. The title, Expanding A Business – Write A Plan. 
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One morning you might wake up and like a ton of bricks a great idea for creating and starting your online …read more

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The Executive Summary is one of the most important sections of your Business Plan. The Executive Summary is a “thumbnail sketch” of the your entire Business Plan. It is the first thing that will be read by an investor. It is important for you to include your business idea, a description of your business, your management team, and your mission statement. It is very important that your Business Plan be limited to no more than two pages.
Tell your story in your Executive Summary. Why should anyone use your product or service? Describe your target market briefly. Summarize the information that …read more

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When you begin the process of writing your Business Plan, keep in mind there is a format that investors and specific information that investors want to see. So don’t modify the format. Like a good recipe, make sure you include all of the ingredients.
 Here is a simple format you can use:
1. Executive Summary
2. Business Section
        a. Company Description
        b. Organization and Management
3. Marketing Analysis Section
4. Financing Section
5. Management Section
There are multiple resources you can use to help you write your Business Plan. The Small Business Administration is always a great free resource. One of the best ways to help you get …read more

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My goal in writing these posts over the next few days and maybe weeks is to give you information to help you pick up the pen and start writing. This would be one of those investments I mention in my post on Perpetual Learning. I know that I have begun my business without completing my business plan. I am doing ok, but I want to take my business to another level and that is why I began looking at taking the leap and getting my business plan complete. Come with me on this journey. I would love to hear from some of my readers about writing your …read more

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