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The Best time to Review and Update Your Business Plan

In this post, you will learn what events trigger a need to update your business plan, how updating a business plan differs from creating the original, and who should be involved in the updating process.

Do I Need to Update My Entire Plan?

Rarely is a complete update required, but frequently the marketing section strategies and tactics need review and updating to meet constantly changing market realities.

For example, which of your actions/activities worked well and should be continued, and which should not? If everything is working, then you are not experimenting enough — not everything will work

3 Questions to Ask Before Starting An Etsy Shop

Etsy has become one of the most popular online selling platforms for hobbyists, artists, and craft supply providers. Although it is certainly possible to be successful selling on Etsy, here are 3 important questions you need to ask yourself before you take the plunge and open a shop.

Tips for Finding and Working with Wholesalers

If you own a small retail store or service business, there’s a good chance you’ll need a wholesale supplier to provide essential goods. However, with thousands of wholesalers throughout the country, it can be a difficult (and sometimes overwhelming) task finding the right one to best meet your needs.

Before beginning your search, it’s helpful to understand the five main types of wholesalersHere they are, as described by Entrepreneur.com:

  • Manufacturers - Most small businesses don’t purchase goods directly from big manufacturers because they require incredibly large sales volumes to

Expert Tips for Non-Profits

While non-profit and for-profit organizations share many similarities, there are also key differences that can doom even the best of intentions.

Getting Professional: A guide to forming PLLCs, PAs, and other professional entities

About Professional Business Entities If you are considering forming your business as a professional corporation, professional limited liability company, or professional service corporation (also called a professional association or PA), there are some things you should know before you get started. Professional business entities are created according to a state’s statutes. Their purpose is to create an entity exclusively for practicing professionals such as lawyers, accountants, or doctors. Because traditional corporations and LLCs offer liability protections, these entities were

Opening Day Balance Sheet

A balance sheet shows the financial position of your company at a single moment in time; in this case, it will be as of opening day. Use your Startup Expenses spreadsheet to get the basic data for the balance sheet.


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