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I’m a licensed land surveyor who recently started my own firm. While I know my trade well, like most engineering types, sales is not my strong suit. How can I overcome this weakness?  Read more....

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A concise primer on how to navigate your way to franchise success.

This is a graph illustrating when fixed plus variable costs equal business revenue. That is, you neither lost or made any money on that volume for that product or service. Usually this calculation is shown as a graph but numbers of units and dollars are shown on the grid.

Every startup existing company must balance costs with revenues or they will lose money. This calculation, using an Excel formula, will calculate when a certain volume of sales will equal your fixed and variable costs.  The variable costs are the cost per unit of volume. Most business plans will show this calculation.

This business plan is a generic model suitable for all types of businesses. However, you should modify it to suit your particular circumstances.

“Ultimate Business Planner” is a Windows based software tool that significantly eases the burden of writing a formal business plan. It guides you through each business-planning step quickly and easily.

“Ultimate Business Planner” is a Windows based software tool that significantly eases the burden of writing a formal business plan. It guides you through each business-planning step quickly and easily.

Though my wholesale building supply business is profitable, I can’t help feeling we’re not operating up to our potential. As the company’s leader, what can I do to give us the needed push?

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All entrepreneurs should write a business plan, but if you are trying to raise investment
capital, a written plan that conveys your vision to potential investors is a must.

The truth is that many successful businesses were started without business plans. While that may be fine for the likes of a few people, it’s generally not a good idea. If you're going to start a business, the smartest approach is to write a business plan.

The Business Plan

A business plan provides you with a comprehensive, detailed overview of all the aspects of your business. This overview is the skeleton of your business—the underlying structure that provides the basis of your entire operation. Prepared in advance, a business plan allows you to review the pros and cons of your proposed business before you make a financial and emotional commitment to it.

There are three reasons to create a written business plan:

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