Continued from Marketing Your Product or Service: Business Plan Part Four. Funding: The Funding section sets forth the amount of funding necessary to start or expand your business. A strong business plan doesn’t merely ask for a fixed amount of money. It sets forth the company’s funding requirements in detail…
Continued from Describing the Company: Business Plan Part Three. Marketing: Once you have a complete understanding of what your target market is, it is critical to have a plan to capture a competitive share of that market. The Marketing section of your business plan should tell the prospective investor exactly…
Continued from How to Fund Your New San Diego Business. Choosing the right business entity for your new San Diego venture is a critical step that should be made early in the process. It’s important to diligently examine the pros and cons of each choice before deciding on what business…
Continued from The Market Analysis: Business Plan Part Two. Company Description: As the title suggest, this section describes the business. In the Company Description, the San Diego business owner summarizes the nature of the business, how the business is organized, the needs of the marketplace and the reasons why your…
Continued from Be Prepared Before Undertaking a New Business Venture. Marshalling the resources necessary to fund a new San Diego business can be intimidating. In fact, it’s probably the biggest reason many decide against a new venture. How in the world will I come up with the capital necessary to:…
Continued from Writing an Effective Business Plan: Part One. Market Analysis: A market analysis should be conducted before starting any new business venture whether or not one feels compelled to draft a business plan. Having a marketable product or service is fundamental to any San Diego business’ success, and the…
Writing an effective business plan requires more than just summarizing good ideas. An effective business plan details your strategy for success. It starts with the formation of the company and ends with an exit strategy. A well drafted business plan prepares you for the task ahead, informs prospective investors and…
Continued from Starting Your Own Business – Be Willing to Commit. Before starting up a new business, it’s important to have a plan. This may seem obvious, but all too often young entrepreneurs incorrectly believe that the idea itself is good enough. They are hungry for success and anxious to…
Starting your own San Diego business is as scary as it is rewarding. It requires an entrepreneurial spirit, common sense, commitment, organization and resources. This series looks generally at the process in order to focus the young San Diego entrepreneur on the task at hand beginning with the opening move. …
There are countless franchise opportunities available to San Diego entrepreneurs. The majority of these opportunities are offered by out of state franchise companies. Purchasing and operating a franchise can be a lucrative option for those looking for alternatives to starting a new business from scratch. Franchises offer economies of scale,…