Guides & Articles on Business Plans

Breakeven Analysis Applications and Uses

Use break even analysis for determining profitability

Finding break even point of a product or service is an essential tool in choosing the best price per unit of a product and also helping to determine projected sales. Break even analysis can used for a number of different applications. Its basic function is to determine when a product or service will be profitable. This analysis can be applied to many other applications to...


Breakeven Analysis

Perform breakeven analysis to help you reach profitability goals

Breakeven analysis is a tool used to calculate the number of products you will need to sell to breakeven or recover the variable and fixed costs associated with creating your product. In addition to the fixed and variable costs associated with production, breaking even is highly dependent upon the product’s price per unit and project sales of the product.Not only is...


Business Name Meanings News and Trends

Finding out about business name meanings and business name research with some help from online sources

So what's in a name? Well, a lot, according to most market research. Consumers gravitate toward products and businesses with the right associations in their monikers, and for new startups, a name can be almost everything.For businesses that are just getting off the ground, where that baby still isn't named yet, the web can be a great help in figuring out what others are...


Business Name Meanings

The meaning of a business name impacts customer perception

You should carefully choose the meaning of a business name to reflect both your business and the customers you want to serve. Although Juliet told Romeo that a rose by any other name would still smell as sweet, don't believe it when it comes to your business. Like Romeo and Juliet's romance, a haphazardly selected name can doom your business before it even starts.Potential...


Business Plan Consultants

Hiring help is the next best thing to writing your plan yourself

Preparing a business plan is an important step for any business, but it's a critical step for securing financing. For that reason, many business owners hire consultants to help them research, organize, and present all the relevant business plan information to potential investors. The most important factors to consider when comparing consultants are: Experience – how many...


Business Plan Software Basics

Use business plan software to help run your business

Business planning software is a great tool for your business. It can help you start your business, maintain your business, keep track of your business' records, including financial records, let you import records you may already have on other programs and analyze your business. With so many business plan applications available at your fingertips, you'll wonder why you...


Business Plans Key Terms

Understanding crucial elements needed to write a successful business plan

A business plan is a critical tool for obtaining a business loan or the backing of an investor. It gives investors a full understanding of what your company is, the product or service you provide, your goals and aspirations for the company and how likely you are to be successful in your endeavors.As you put your business plan together, you may find several elements that you...


Financial Modeling Key Terms

Know key concepts used in financial modeling

Financial modeling is a way for businesses to analyze the future of current financial standings. In order to understand the process and concepts common to financial modeling, a person working with the model should have a good understanding of accounting and financial analysis. This gives a person the knowledge to interpret and analyze financial statements of a business to...


Financial Modeling

Use financial modeling to predict business performance

Financial modeling is the act of creating a tool to forecast project, business and investment performance. To operate efficiently, a financial model must predict the outcome of several different probabilities and what-if scenarios. Financial models general include several financial documents including balance sheets, income and cash flow statements and other analytical reports...


Writing Winning Proposals

Put your best sales pitch on paper to land major contracts

When a company invites you to submit a proposal or competitive bid for consideration for a specific project or for ongoing work, it's termed an RFP, or Request for Proposal. Your goal in submitting a proposal is to persuade the soliciting company that you can do the job and, ultimately, to receive an invitation to make a formal presentation or win the contract outright. The...