Hiring a Virtual Assistant on Fiverr
Business Growth

Is Fiverr a Good Place for Hiring a Virtual Assistant

Virtual assistants are temporary workers that a business hires for a one-off task or a project. Freelance marketplaces like Fiverr are go-to places for hiring a virtual assistant but hiring a Fiverr virtual assistant comes with a catch. This detailed guide will help you hire a virtual assistant for your business. Why hire a virtual

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6 Step Business Planning Process
Business Plan Tips

Business Planning Process

Business planning is the collection of steps necessary for business success.  Your business planning uses your business plan as a reference document. A business plan helps you stay the course. A business plan also increases your chances of getting investment, funding, debts, etc.  Every business executives meeting is a part of business planning as they

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How to Write an Marketing Plan Executive Summary With Example
Business Plan Tips

Marketing Plan Executive Summary

A marketing plan executive summary works as a preface to the marketing plan. It gives enough details to the reader to hook them for reading the whole marketing plan. What is the executive summary of a marketing plan? An executive summary of a marketing plan is a brief overview of a business’s marketing plan. The

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How to Find a venture capitalist
Startups

How to Find a Venture Capitalist

You have a brilliant idea and you have built a great company around it. Now you need money to grow it further. Not every venture capitalist is suitable for your business. Find the right VC for your business that has invested in the same niche or your locality. We have explained an effective 5-step approach

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Business Plan Appendix
Business Plans

What to Include in a Business Plan Appendix

A business plan appendix is the last section that includes all the details that didn’t have a place in the business plan. An appendix business plan can be short or lengthy. What goes into an appendix depends on the type of business plan and your goal of writing the business plan. For example, suppose you

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What Does a Public Relations Specialist do
Business Plan Tips

What Does a Public Relations Specialist do?

What is a Public Relations Specialist? A public relations specialist is a person or a firm that manages the public image of a business, brand, person, or entity. Public relations management is the long-term planning and execution of maintaining a good public perception. Public relations specialists manage perception with intelligent storytelling on print, electronic, and

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TAM SAM SOM: What Do They Mean & How Do You
Business Plan Tips

TAM SAM SOM: What are They? Why are They Important in a Business Plan?

TAM, SAM, and SOM are business metrics that help investors evaluate a market. Before getting into the industry, Investors need to properly analyze the market and understand its potential revenue. Different businesses have different market sizes. Assessing a market, potential customers, and revenue minimizes the risk of business failure. A successful business plan contains these

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How to Write a Business Plan Outline
Business Plan Tips

How to Write a Business Plan Outline

You have a great business idea, and you have been diligently planning your business, but it is mostly in your head. You realize the importance of putting your plan on paper, but you have never written anything resembling a business plan and have no idea where to start. You have looked at countless startup business

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financial plan in business plan
Business Plan Tips

How to Write the Financial Section of a Business Plan

When you are starting a small business or a startup, you will need to make financial projections for your business. Financial plan in business plan helps understand the chances of your business becoming a financial success. Investors want to see a financial plan to know how much money they’ll invest and what the expected return

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How to write marketing plan in business plan
Business Plan Tips

How to Write the Marketing Plan in Business Plan?

A marketing plan in business plan is one of the very important sections of a business plan. Marketing is done to spread awareness about your business and its product/service.  An effective marketing strategy helps you achieve early success.  Use this article to write an effective marketing plan section in a business plan.  What is a

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Management Team Section in Business Plan
Business Plan Tips

How to Write Management Team Section in Business Plan

A business plan must include details about your key people and managers. The management team section in business plan includes a detailed introduction to the owners, managers, and key people. The management team section explains the educational and professional backgrounds of your key people. You can convince potential lenders or investors of the professional capabilities

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How do you write operational plan in business plan
Business Plan Tips

How to write an operational plan in business plan?

What is an Operational Plan in Business Plan? An operational plan in a business plan is explaining how you will achieve your business goals. An operational plan discusses everything from management, employees, products or services, project management, and supply chain to HR. The details of an operational plan business plan will be different for every

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business plan products and services section
Business Plan Tips

How to Write Products and Services Section of Business Plan

Business plan products and services section gives details of your product or service, how it is different and if you have a reliable manufacturing or sourcing system for the product.  Show competitive advantages of your product or service. Convince investors or lenders that you can outperform competition; you’ll likely get the funding you need.  Use this

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how-to-write-market-analysis-for-a-business-plan
Business Plan Tips

How to Do a Market Analysis for a Business Plan?

What is Market Analysis in a Business Plan? Market analysis for a  business plan serves the purpose of exploring the suitability of your product or service for the market.  Your market analysis for a business plan lets you see your position in the market. It helps you identify the market trends, product demand, buying trends,

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How to Write Company Overview for Business Plan
Business Plan Tips

How to Write a Company Overview for a Business Plan

A company overview introduces your company. People reading your business plan want to know about your business idea, how you plan to make your business idea a success and what are your chances of success.  Your company overview is one of the important pieces of a business plan. Think of your company as a vehicle

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How to start a nonprofit organization
Starting a Business

How to Start a Nonprofit Organization

You have an idea to make the world a better place and want to take the plunge! Congrats. You are one of the few who make an effort to bring positive societal change. Do you need a legal structure to execute your idea and wondering how to start a nonprofit organization? Let us help you.

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Types of Small Business Insurance
Business Management

Types of Small Business Insurance

Insurance gives protection to small businesses against accidents, potential losses, lawsuits, injuries, natural disasters, etc.  Every state requires small businesses to get some mandatory insurance policies. When your small business is not protected with the right insurance, you may have to pay any damages, penalties, or costs out of pocket.  We have discussed the most

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How Much Does Small Business Insurance Cost?
Business Management

A Comprehensive Guide to Small Business Insurance Cost

Small businesses need insurance protection. Insurance builds resilience and gives a cushion against unfavorable business conditions, accidents or mishaps. We will take a deep look at small business insurance cost, factors affecting insurance cost, the price for different small business insurance policies and how can you save money when buying small business insurance. Factors affecting

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How To Account For Some Of Your Largest Business Expenses
Build Business Credit

How To Account For Some Of Your Largest Business Expenses

When starting your business, the excitement of beginning a new journey and the potential for success can quickly overshadow the reality of business ownership. Part of building a successful and sustainable business is creating a strong business plan, including a detailed and thoughtful budget. If you are writing a business plan for the first time

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What is DBA in Business
Business Formation

What is a DBA | Everything you need to know about DBA

DBA is the short form of ‘Doing Business As’. A DBA is a way for sole proprietors and companies that allows them to do business under an assumed name without registering another firm.  A DBA is an easy and effective way of branching out from an existing business, opening new shop/franchise, or getting into a

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