Outsourcing and its Benefits for your business plan Outsourcing is the contracting out of internal business processes to a third party. Why Outsourcing is the best option for you, a young and strived to success entrepreneur? Here are the top 5 reasons: 1) Control Your Costs – Outsourcing converts fixed costs to variable costs, and […]
The importance of updating your business plan “The most expensive lesson is the one you have to learn a second time…” The business year is over? Updating your business plan? That’s exactly the time to sit back and review the year thoroughly – What worked? What didn’t? How can we improve and become more cost-effective? […]
Your business plan breakeven point The BEP calculated in the business plan writing process, determine the point which total costs and total revenue are equal. Here are 3 ways to increase your return on investment by lowering your break-even point: 1. Raising prices – thus, the gross margin percentage will be better and […]
Business plan for family businesess The standards for family business success aren’t only focusing on Achieving business goals but also on keeping the desirable family status. This ‘mission’ is a strategic challenge for them. As family problem may hold back business intentions, wrong move of the business may harm also the family relations. So while […]
It is very important to maintain flexibility of thought, not to lose Critical vision and ability to judge Business plan for the retail industry Business plan for the retail industry Starting a “seasonal affected business”? If you’re in the retail business – that’s probably the case Note that you’ll probably at some point need to […]
An app is worth a thousand words or a few million dollars in a better case The last few months have felt as if the dot com bubble which occurred in 1999 is returning with full force Everyone today wants to be a millionaire and it seems like more and more entrepreneurs are achieving their dream. We read in […]
How to make profit off an application Most entrepreneurs and application developers who turn to us for a business plan are rushed to present the market with their product before is has a set business model. They have great enthusiasm and a strong will to enter the market with an innovative application that they have […]
A Step Before Searching for Funding Solutions and Writing a Business Plan A Step Before Searching for Funding Solutions and Writing a Business Plan Important things to know before searching for funding solutions for your business and writing a business plan. Newsletter guest: The Israeli Center of Finance. The Israeli Center of Finance is an […]
Writing a Business Plan for a Franchise – part 2 ( Writing a Business Plan for a Franchise (part 2 The advantages of a franchise: Data exchange within the company chain – data exchange amongst the different branches provides all branches with a competitive advantage over business opponents that are individual and not part […]
Writing a Business Plan for a Franchise – part 1 Writing a Business Plan for a Franchise (part 1) The Wonders of a Franchise: A franchise is a trading method in which a certain chain or brand, meaning the granter of the franchise, allows a company or an individual to purchase and use its brand […]