Build on that bright idea with a solid business plan.
A business plan is invaluable for both new businesses and existing small companies. It helps entrepreneurs analyze their business and the market to stay ahead of the competition, and obtain start-up capital and loans. This book has everything business owners need to create a clear and comprehensive business plan, including guidance on the important decisions that must be made before drafting a plan, a tutorial on business-writing basics, sample business plans, and more.
-In 2003, there were approximately 23.7 million businesses in the United States; of those, 572,900 were new businesses
-According to the Small Business Administration, two-thirds of new firms survive at least two years and about half survive at least four years; the firms with clear plans for survival are the ones that stick around
-More than 75% of small firms use some form of credit in their start-up or operations, which requires a solid business plan
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Gwen Moran, a columnist for Entrepreneur magazine, was named a “Young Entrepreneur of the Year” by the U.S. Small Business Administration. She’s been featured on CNBC and NBC, and in the New York Times, International Herald Tribune, Insight, and PR Week. Sue Johnson is the regional director of the Small Business Association’s Small Business Development Center at Raritan Valley Community College, where she oversees services provided to small businesses. She has also operated her own small business.
Gwen Moran, a columnist for Entrepreneur magazine, was named a ?Young Entrepreneur of the Year? by the U.S. Small Business Administration. She?s been featured on CNBC and NBC, and in the New York Times, International Herald Tribune, Insight, and PR Week. Sue Johnson is the regional director of the Small Business Association?s Small Business Development Center at Raritan Valley Community College, where she oversees services provided to small businesses. She has also operated her own small business.
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