Tag: Good

5 Tips To Writing A Good Business Plan

Starting up a business is an exciting time, but writing a business plan can seem daunting initially. However, being able to write a good business plan is an essential skill to have for any entrepreneur or new business looking to increase their chance of survival.

1) Identify your audience. A good business plan should be written from the prospective of the audience. First, you need to decide on the purpose the plan. Are you trying to persuade an investor to take on your project or communicate the future plans for the company? The purpose of the business plan will affect the style and content so make sure you are clear on this before beginning. A good business plan needs to be tailored to the specific requirements of the target audience in order to be engaging.

2) Do your research. In order to be able to write a strong, comprehensive business plan you need to possess a sound knowledge of the market you are involved in. You need to actively conduct market research and ensure that your plan makes reference to your findings. It should include factors such as market size, the predicted growth path of said market and how you propose to gain access to it. For example, if you are planning on opening a bar then your business plan should include figures based on the local population, cost of suppliers, predictions about whether the bar industry is likely to grow or decline in the area and a review of the competitive environment.

3) Assess your competition. Understanding your competition is an essential component to understanding any business environment. Whatever the business you are looking to establish, you will always have competition in varying degrees. Perhaps you want to open a restaurant in an area that is already saturated with eateries; you then need to think about what is the unique selling point of your restaurant. Or maybe you have found a niche in the market, why is that? In order to make your business a success you should look to your competitors to see how they are managing their business or areas where they could improve. You also need to assess whether you can compete effectively with the existing businesses and how you plan to do so.

4) Attention to detail. A plan that is concise and clear reads professionally so don’t make yours too wordy. The reader needs enough detail and information to be able to make an informed decision. As with all professional documents, care must be taken to avoid spelling mistakes and use correct grammar and punctuation. A plan that makes absurd or unrealistic assumptions is of no use so stick to the facts and make sure you are making credible projections and accurate content at all times.

5) Cover all bases. Before embarking on your plan it is a good idea to undertake some research in to what a professional business plan should include. You can then use this as a check list to make sure you have covered all the relevant areas. Sections of the business plan should include information on the company, the product/service market, competition in the field, management team, marketing strategy, operations and financials.

Once you have done all this you should have a complete and detailed professional business plan. The most important thing to remember when developing the plan is to see it as a living document and include specifics regarding dates and specific responsibilities. Your plan will need constant reviews and updates and things change so expect it to be a work in process for a good stretch of time. It will all be worth it in the end, a well-written plan will help ensure that the business is fully focused on what is required to achieve the company’s goal.

How to Start a Cake Business – Some Tips and Ideas to Make a Good Start

A cake business is a great opportunity to make money with your baking and decorating skills and of course, if you love decorating or it has become one of your hobbies, it is indeed great to make money out of something that you enjoy doing. You can start by finding some tips and basics of learning how to start a cake business, learn from those who have been there and avoid mistakes in putting up your own business.

Here are some things that you might want to keep in mind in learning how to start a cake business. Considering that you already have your baking skills honed and your love for cake decorating unparalleled, then here are other things you have to keep in mind.

Start with a business plan. We tend to make plans in mind and eventually end up with so many ideas that you do not know where it would lead you, but it is important that you put your business plan in writing so you will know where to start. It will also help guide you on your business goals and in how to achieve them.

Plan your investment. Determine how much you will invest including the things and equipment you need to have. Prioritize your investment. Plan everything out from the equipment that you will need to the skills and personnel you need. You may also need to take care of some business fees too.

Of course, you should include your marketing plan as well. With the many bakery and cake business already existing, you have to come up with a unique idea or concept that would make your products sell and, of course, you have to be into the competition. Even if you are still starting, find ways to be competitive as well.

Don’t just settle with your existing skills. Find ways to upgrade and improve our baking skills as well as your cake decorating ideas. When it comes to cake designs, especially when you re dealing with wedding cakes, people are always looking for something unique and you should be able to cater to that needs of your clients.

Explore and take advantage of the internet. In learning how to start a cake business, you don’t have to focus only on putting up your physical store, you can also explore the great advantage of the internet. Put up a website and display your creations online. A lot of people are turning on to the internet to find ideas and cake designs and you can take advantage of that one too.

Start with these tips on how to start a cake business. In fact, you can start everything online if you still don’t have the resources to put up a physical store. You can make it a small home business, market it in the internet and provide delivery services. This way you will be able to start with just little investment than putting up your physical store.

How A Good Business Plan Sample Can Help You Prepare Your Plan

When it comes to writing a new business plan, there is nothing quite as valuable as having a guide to go by, and having a quality business plan sample at hand will make the task of writing a new business plan a lot easier.

While the exact needs of every business will differ, there are a number of elements that must be part of any type of business plan, and having a business plan sample at hand can help any business owner include these essential elements.

Elements You Will Need To Include In Your Business Plan

Some of the most important elements of any business plan sample will be such things as a current a pro forma balance sheet, a current income statement and an up to date analysis of cash flow.

It is important to look for a business plan sample that includes all of these required elements, and just as important to tailor those elements to the needs of your own business.

Seeking Out A Business Plan That Is Similar To The Type Of Business You Plan To Start

When seeking out a business plan sample it is important to plan carefully and to look at several different business plan samples before deciding on a single one to use.

There are many different kinds of business plan examples available, both in books and magazines tailored to the business world and of course on the internet. It is a good idea to look around carefully until you find the business plan sample that best meets your needs.

Using a business plan sample from the same or a similar industry is a good idea, as is seeking out a business plan sample that matches your own style and needs.

Using The Business Plan Sample As A Guide Line

After you have your business plan sample in hand, it is important to use that business plan sample as a guideline and a starting point.

While having a business plan sample available will make the job of writing a quality business plan a lot easier, it will not replace the hard work necessary in the formation of a business plan.

It is best to think of the business plan sample as a template and a guideline, and to use it to create a business plan that is uniquely suited to your own special area of expertise.

How to Buy a Good Domain Name

If you looking to buy a good domain name for you website you will want to take a few things into consideration.

1. Is your website domain going to be for SEO or Branding Purposes?

2. What are the best domain extension(s) for your website URL?

3. Finding a good domain register with excellent support.

4. What is the cost of the domain name?

5. Are there any bonuses with the domain purchase?

1. Is your website domain going to be for SEO or Branding Purposes?

Now that you are ready to start you website you will need a great domain name that you will use to promote and brand your website. If you are building your website for the search engines primarily you will want to put your primary keyword phrase in the domain so Google and other search engines will more easily be able to identify and index your website for your keyword. If your primary keyword phrase has more than one word in it, separate each word in the URL with a dash. (Ex. www.keyword-phrase.com)

When branding your website you will want to choose a URL that is easily remembered by people and isn’t very long so it’s simple to type into the browser and spell correctly or tell their friends and others interested in your website with ease.

2. What are the best domain extension(s) to choose for your website URL?

When searching for your new domain you want to take into consideration the extension you wish to choose for your website URL. The best extensions are .com, .net, .org, and if they are not available look for your country level domain, like .ca for Canada, .us for USA, .it for Italy, .in for India etc.. If you are building a video website try .tv or if you are creating a mobile website specifically for cell phones and smart phones you will want to get a .mobi domain extension.

IMPORTANT NOTE: It’s a smart idea to grab all the domain extensions available so your competition doesn’t grab them instead and try to sell them back to your for much higher cost or setup a site on them that can hurt your brand name.

3. Finding a good domain register with excellent support!

When looking for a domain register to purchase your domain from, choose one that provides FAQ’s, a help centre and 24/7 email and phone support so you can get your questions or concerns answered at anytime night or day.

4. What is the cost of the domain name?

Depending on the domain register and URL extension you choose will determine the cost of the domain. Typically a .com domain can average about $9.99 and up but some domain registration sites give special prices for .com with a non-domain purchase which is good to look for too. A .mobi can be about $14.99, .asia is about $19.99, but the cheapest domains to buy are normally .info and run about $1.99 for the first year, which is good, but .info are not the best extensions to choose from especially if you are want to brand your website.

5. Are there any bonuses with the domain purchase?

Make sure to look for any bonuses you will receive with your purchase of your domain, some domain registration site are quite generous and will give a lot of valuable bonuses such as a free Photo Album, Quick Blogcast, Hosting with Site Builder, Personalized Email, Forwarding / Masking, 100-Pack Email Forwarding, Starter Web Page, “For Sale” Parked Page, Parked Page w/ Domain, Total DNS Control, Change of Registration, Status Alerts, Domain Name Locking. With all the mentioned bonuses it’s over $141 USD with a purchase of a domain which is great! So keep an eye out for those.

So to recap, remember to choose a good branded or SEO domain, with the type of URL extension that suits your website and find a registration site with great 24/7 support, a competitive price and valuable bonuses with your purchase. Good luck with buying your perfect domain name and having great success with your new website venture.

Naming Your Blog – Good Blog Titles

Deciding on a good blog title and selecting a domain must be based on target keyword placement. With both Domain and a Good Blog Title you want to include at least one target keyword, but what is the target keyword?

Well that will depend on your Niche and there is a rather large list of options. But that will depend on you to decide on the niche, preferably something you love doing. Then simply think of the One Word that will best describe your blog. And then you also have to establish the search volume and level of competition for that keyword. Because any blog title must contain keywords with a high search volume and low to medium competition.

Therefore it is of utmost importance you create a free Google account and be able to use the Google Keyword Planner tool. Which is a free tool inside Google Ad-Words but you have to activate the Ad-Words account by funding it. No need to place any adds just yet because you merely need access to the arsenal of tools. Later on your blogging journey you will use many tools only accessible through your Google account. Like the Google Search Console and Google My Business, but that is a topic for another article.

The title must summarize the content which will decrease the bounce rate of your visitors. It immediately tells the visitor exactly what the blog is about. And it is also easy to remember with no exclusion to your domain name. It should not exceed 60 characters and must be as short and precise as possible. This is important for both title and blog post display window in Search Results.

Place that one target keyword with a high search volume as the first word in both blog title and domain name. That way when search engines crawl your blog the target keyword is clear. And they can categorise your blog more targeted.

But it must always be within context. Just cramming a bunch of keywords together is how Not to rank in search engines. The title of your blog is your chance to attract search engine visits or spider crawls. The blog title is mentioned first in the site map to any blog.

Try to avoid stop words like (the, and) but this may seem more challenging than is often anticipated. Although it is more of a rule when it comes to the URL slug of a Blog Post. Just a personal preference and SEO tactic I’m currently testing. So no, it will not influence your blog SEO. Providing stop words are not present in post URL slugs or the Primary Blog Domain.

With a good title also comes the tagline which must be equally short and objective. A tag line is not a site description which is why it is called a “Tag” line. Therefore it is usually no more than three words. Always remember that later with SEO you are going to need space for your Blog Post Title. A search result normally show the following;

Blog Homepage – (Blog Title / Tagline)

Blog Page – (Page Title / Blog Title)

Blog Post – (Post Title / Blog Title)

A good title is your chance to not only attract more visitors. But more importantly having them want to stay on your blog. This is where the quality of your content plays its part because a good blog post must have great content.

When your visitor reads the title they must immediately know this is what they have been looking for. Which is why along with your blog title also comes the First Impression. Base that on your own first impression by seeing your blog through the eyes of your visitor.

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