You've built your business and are ready to take the next step, expanding and innovating to reach new growth potential. However, growth often requires resources, and securing the right financing can be a hurdle.
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Lack of cash flow and planning are two primary reasons businesses fail. You can avoid this fate by researching your setup costs, planning how to operate your company, and keeping track of your operating expenses—all before you open your doors.
If writing a full business plan seems overwhelming, start with a one-page Business Model Canvas. Developed by Founder and CEO of Strategyzer, Alexander Osterwalder, it can be used to easily document your business concept.
Download this template to fill out the nine squares focusing on the different building blocks of any business:
- Value Proposition
- Customer Segments
- Customer Relationships
- Channels
- Key Activities
- Key Resources
- Key Partners
- Cost Structure
- Revenue Streams
For help completing the Business Model Canvas Template, contact a SCORE business mentor for guidance by phone
Does writing a business plan seem overwhelming? Try the Business Model Canvas. Explained in this article: what is it, and how you can use one.
Asian-owned businesses are big contributors to the U.S. economy. They make up the largest share of minority-owned employer businesses in the U.S., employing 5.2 million people and generating $841 billion in revenue per year—those are inspiring statistics.
Entrepreneurship can be a great opportunity for Asian Americans, Native Hawaiians, and Pacific Islanders (AANHPIs, sometimes referred to as AAPIs). Entrepreneurship also has its challenges. In The State of AAPI Small Business Owners report by Hello Alice, 33 percent of the Asian small business owners surveyed said their number one challenge
Start off your entrepreneurial journey on the right foot with these 14 tips for aspiring women entrepreneurs.
While survival was the name of the game for many small business owners during the COVID-19 pandemic, today’s entrepreneurs see a brighter future ahead. In Meta’s most recent Global State of Small Business report, small business owners in North America feel confident about surviving for at least another six months under present conditions. That’s good news for veteran-owned businesses strategizing how to grow to the next stage of success.
Ready to start your dream business? The Simple Steps for Starting Your Business courses can help you determine if starting a business is right for you.
Starting a business in the next 12 months is a smart move, despite fears of a recession or inflation. Read this blog by small business expert Rieva Lesonsky to learn why.
To help you see the benefit of mentorship, we asked entrepreneurs this question for their best insights gained as mentees. From owning your own mistakes to breaking big goals into small steps, several pieces of advice may help you shape your career and personal life into success, just like the entrepreneurs who shared them
According to Business Jargons, an online business encyclopedia, it’s often harder to start a business in rural areas, due to several factors, including a lack of technical know-how and training. But the encyclopedia also points out that several businesses are particularly well-suited for those living in rural America.
To ensure rural small business owners have all the facts regarding business structure, here is a quick guide to what entities are available for your rural business and how each can protect you from future legal nightmares.
