There are a lot of good resources on how to write business plans so I won't reinvent the wheel. What I did do is cull through some of the on-line resources for business plans and found some really good guides and templates. SCORE SCORE has a lot of templates to choose from, … [Read more...]
Tell The Whole Truth
By the nature of their training, most engineers and scientists focus on the problems they are solving, not ones they have solved. One of the reasons this occurs stems from the scientific method, which most engineers and scientists are taught in school. The scientific method … [Read more...]
Sources of Money
Many of my SCORE clients ask me how to raise money. More specifically, they ask where can I get the money I need to start my business? As with most things, raising money depends a lot on the nature of your business and how much money you need. Before you even think about raising … [Read more...]
Financial Models: Cash Budgets
Financial models are a critical component of any venture. Modeling how you spend and earn money is the only way to know how much to ask for. A proper financial model also forces you to ask the tough questions about where each and every dollar is going. These models are also a … [Read more...]
Executive Summaries
Think of executive summaries as a marketing slick without the high gloss paper and fancy graphics. It's usually the first thing an investor sees (the second is your pitch). A good one gets you the meeting. A bad one gets you crickets. The executive summary brings alive the … [Read more...]