Recent Articles

Business Plan Research

A process of identifying those elements related to your business operation. Once identified, research the elements and take appropriate notes.

Small Business Model Series Entry # 5 – Whew!


Whew!  That was a world wind first week.  I took yesterday off to get some rest and spend time with the family.  So now I’m back at the project.  I’ve lost some wind in my sails because I didn’t fathom the depth of all of this when I [...]

Small Business Model Series Entry #2 – Narrowing the Idea


This entry is part of a series of entries exemplifying the steps an entrepreneur takes from starting a business to selling the operation. It is a step by step process addressing the multitude of business concepts every small business owner must face. This is a 6 year example from Day 1 to the day the owner receives a check for selling his business. Read this series as if it you were experiencing all of the trials, tribulations and joy of owning and operating a business. [...]

Research Your Business Plan – Part III


You have now completed the ‘Who’, ‘What’ and ‘Where’ of your plan as a part of the start-up function.  We will now complete the ‘When’ section of the plan.  Remember, you have not formally documented any of these steps.  You [...]

Research Your Business Plan – Part II


By now you have figured out the ‘Who’ of your plan and the ‘What’. If not, please go to Research Your Business Plan – Part I. Now that you know you are qualified to do the job and you have figured out your customers, competition, and [...]

Research Your Business Plan – Part I


If you read my section on ‘Do I Need a Business Plan’ and followed those steps, you are now ready for the next step in this process.  Hopefully two important barriers have been breached in your quest to be the next new business.  First, you [...]

Basic Economic Principle of Time and Money


Over the last 17 years I have talked to over 600 different business owners.  I always asked the same question when we start chatting.  ‘Why did you choose to do’ so-and-so?  Surprisingly almost all of them said the same thing.  “I just [...]