Venture capitalists may also come in on some later rounds of financing. Most people aren't lucky or fortunate enough to stumble upon the right business. A great cook may have incredible accounting skills, but that doesn t matter in the kitchen of the new restaurant. Buy some patented puzzle which can be manufactured cheap and scattered broadcast over the land.

Finance Smackdown!

This is what I call profit-driven. Watch for opportunities. In fact, if you can t offer some combination of features that sets you apart, you ll have difficulty writing a convincing plan. Bonds and bank loans are two sources of debt capital.

Primary research studies customers directly

The more questions you answer for them every day, the less they have to think and learn. . Venture capitalists often demand significant input into management decisions by placing one or more people on your board of directors. And try new and innovative things to take their company to the next level.

Background information on Sales

Lower price, higher quality, and better name recognition are examples of competitive advantages. Often! When you treat employees like children who can't think and don't know any better, they act like children and only do what they're told to do. From infographics to YouTube, we are clearly embracing visuals and graphics as never before.

A lazy person's guide to Strategy

How mobile is your product? Preparation for unexpected disasters can make or break your business. They get whittled away, the terms get changed, and, sometimes, the whole negotiation breaks down under the force of an ultimatum from one of the parties involved. These companies invest in each employee, on average, forty hours of formalized training per year.

Show team members exactly what?s expected

What do you want to track? Many small businesses fail because their owners mistake their passion for a field for the desire to run a business in that field. Constantly reinforce how you will meet your customers' needs and help them get what they want. Here are a few of the ways in which this is to be done.