Financial Projections for Business Plans: Tackle the Financial Section of a Business Plan Effectively

Learn the tips and tricks of creating sound financial projections and valuation for a business plan. Entrepreneurs create business plans for a variety of reasons. Where a business plan is used to seek funding from business angels or venture capitalists, care must be taken to develop a sound financial plan. The financial section of a Read more about Financial Projections for Business Plans: Tackle the Financial Section of a Business Plan Effectively[…]

Fixed Price Contracts: The Benefits of Performance Reimbursement Contracts in Procurement

Fixed price contract agreements (also called performance reimbursement contracts) are one of the major contract types in government procurement. According to Federal Acquisition Regulations (FAR), performance reimbursement contracts require an agency to pay the previously agreed upon compensation no matter what expenses the contractor incurred. So, a buyer pays a fixed, previously negotiated price, with Read more about Fixed Price Contracts: The Benefits of Performance Reimbursement Contracts in Procurement[…]

Cost Plus Contracts: Cost Reimbursement Contracts in Government Procurement

The major two contract types in government procurement are cost reimbursement contracts (or cost plus), and performance reimbursement contracts (or fixed price). The major difference between them is that the cost plus contracts are usually those of indefinite delivery, and the contractor is paid a percent in addition to labour and materials cost. A cost Read more about Cost Plus Contracts: Cost Reimbursement Contracts in Government Procurement[…]

Venture Capital Fills a Critical Financing Gap: Venture Capitalists are Willing to Take Risks that Lenders Will Not

Innovative businesses with quick and high growth potential are the ideal candidates for venture capital funding. A detailed business plan would be essential, however. Venture capital investors provide private equity capital (cash in return for shares in your company) if they judge that a business has fast growth potential. The funding is typically provided during Read more about Venture Capital Fills a Critical Financing Gap: Venture Capitalists are Willing to Take Risks that Lenders Will Not[…]

Avoiding Chapter 11 Bankruptcy: Learning from the Automobile Bailout

Most Americans are not pleased with the developments in the state of the automobile industry, since millions of people face losing their jobs. The plight of the American automobile companies as they seek a bailout is a valuable lesson for companies that wish to grow their businesses. Running a business is not an easy job Read more about Avoiding Chapter 11 Bankruptcy: Learning from the Automobile Bailout[…]

The Budgeting Process – Other Items and Issues: Common Issues in Business Budgeting

When creating the budget, there are certain business issues that need to be examined in order to use the budget in the best manner. To assist strategic development of the company, budgets should be examined in the context of the entire business strategy and the processes that udnerly each area of the business’ activities. Examine Read more about The Budgeting Process – Other Items and Issues: Common Issues in Business Budgeting[…]

First-Hand Business Research Sources: Entrepreneurial Research for Business

Interpersonal business research is just as important as the more ‘boring’ book research, but both are required when planning a business. Read on for some sources. There is nothing like getting first hand information when researching a business. Whether from someone who has run a similar business, or placing oneself into the line of fire, Read more about First-Hand Business Research Sources: Entrepreneurial Research for Business[…]

Business Plan Outline and Guidelines: Maps Action Course for Financials, Marketing, Sales and Management

Whether an entrepreneur avails of business plan consultants or a business plan software, for business to survive, it needs a written plan with clear defined goals. Nowadays, given the increasing levels of competition and ever changing occurrences in the marketplace, as an entrepreneur or business owner, one can’t afford simply to work hard and make Read more about Business Plan Outline and Guidelines: Maps Action Course for Financials, Marketing, Sales and Management[…]