by david@numbercraft.us | Dec 4, 2023 | GUIDES: Resources for Starting Up
Coming up with a new idea is exciting, and you probably want to jump straight in and make it happen. But before you invest too much time and money, you need ensure your idea is feasible and likely to give you a reasonable return on investment. Obviously, there are...
by david@numbercraft.us | Nov 22, 2023 | GUIDES: Resources for Starting Up
A SWOT analysis is used to help fine-tune your business strategy by examining internal and external factors that may help or hinder your business. Identifying and understanding the strengths, weaknesses, opportunities, and threats – that’s what SWOT stands for –...
by david@numbercraft.us | Nov 21, 2023 | GUIDES: Resources for Starting Up
Here are some of the questions about starting a business that come up frequently. Q: I’m thinking about turning my hobby into a business. Do I have to form a corporation? A: No, you don’t have to form a corporation to start a business. There are three basic business...
by david@numbercraft.us | Nov 19, 2023 | GUIDES: Resources for Starting Up
Document the positives in your business plan to persuade both yourself (the most important person) and stakeholders such as lenders, investors, suppliers and potential customers that your business idea is sound. 1. Your idea has a strong point of difference To survive...
by david@numbercraft.us | Nov 13, 2023 | GUIDES: Resources for Starting Up
1. Generate sales as quickly as possible Your first priority when you launch your business is to gain some traction in the market as quickly as possible. Some tips: Ensure you have a compelling point of difference Build and promote your credibility Work for free or...
by david@numbercraft.us | Nov 8, 2023 | GUIDES: Resources for Starting Up
The break-even point is the point at which your company makes enough money to cover its costs. Past this point, the company starts to make profit. Finding the break-even point through the analysis of costs is one of the most useful processes an entrepreneur can...
