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The Essential Guide to Writing a Business Plan Business Plans Starting A Business Business Plan Guide Writing A Business Plan Business Plan CAROLYN SUN ENTREPRENEUR STAFF Research Editor President Dwight D. Eisenhower once said, “In preparing for battle I have always found that plans are useless, but planning is indispensable.” If you’re starting a business, you should have a business plan regardless of whether you’re bootstrapping it or looking for outside funding. The best sorts of business plans tell a clear story of what the company plans to do and how it will do it. Given the high failure rate of startups in their first year, a business plan is also an ideal opportunity to safely test out the feasibility of a business and spot flaws, set aside unrealistic projections and identify and analyze the competition. A business plan doesn’t need to be complicated, but for it to serve its purpose and set you up for success, it must be clear to whomever is reading your plan that you have ...

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You Deserve to Be a Millionaire. Follow These 12 Tips to Get There. Money Motivation Entrepreneurs Investing Wealth ALSO FROM THE WEB GRANT CARDONE CONTRIBUTOR International Sales Expert Entrepreneur and Grant Cardone have partnered on a new training event , which costs $49. Details can be found here . I started with nothing and have been blessed with enough focus, commitment, follow through and the ability to not make excuses that I have done extremely well in my life. I recently did a show on GrantCardoneTV.com on How to Make Your First Million, which was streamed on Periscope and Meerkat and viewed live by over 10,000 people. Here are the takeaways from the show: 1. It's never been easier. It has never been easier, so don’t make it so difficult. There is so much money in the world today and so many ways to get yourself known. The first thing you have to know is that it’s out there and it’s not that hard. In fact, everyone will be a millionaire in their ...

How Copyrights Become Public Domain  Horia Varlan | Flickr This story originally appeared on CNBC More from CNBC Cramer Remix: Bank on this epic transformation Oil outlook 'subdued' despite rally: RBC expert How to trade airlines amid travel concerns Legal Starting A Business Copyrights ALSO FROM THE WEB SARAH WHITTEN FROM CNBC News associate Grab a slice of cake. You can now sing "Happy Birthday" without risking a lawsuit. A U.S. federal judge dismissed Warner/Chappell Music's copyright claim of the birthday tune and placed "Happy Birthday to You" into public domain on Tuesday. The company has been enforcing the copyright since 1988, when it bought Birch Tree Group, a company that supposedly held the initial copyright, for $15 million, according to Billboard. The lengthy court case was brought forth in 2013 by musician Rupa Marya and filmmaker Robert Siegel, who argued that the company was wrongly asserting copyright ownership...

3 Areas of Law Every Entrepreneur Should Know Entrepreneurs Legal Legal Issues Laws Lawyer ANTHONY JOHNSON CONTRIBUTOR Founder and CEO of American Injury Attorney Group Most entrepreneurs don’t have a team of lawyers following them around to help make every decision. Just as entrepreneurs need to know the basics of accounting and marketing, they also need to understand the basics of business law to avoid the potential failure that follows costly litigation. As a lawyer and an entrepreneur , I have experienced the struggles of business on both sides. But most entrepreneurs don’t have the legal experience that I do, so they end up feeling lost and uninformed when making big decisions with possible legal ramifications. You don’t need to go to law school to be a successful entrepreneur -- you just have to learn the essentials so you don’t get caught off guard. Here are three areas of law every entrepreneur should be aware of: Related: How to Survive a Worker's Co...

10 Essentials for Launching a Business While Juggling Your Day Job Home-Based Business Starting A Business Startup Basics Day Job Quitting A Job BUSINESS START UP FUNDING STARTUP BUSINESS IDEAS NEW ONLINE BUSINESS IDEAS JOHN RAMPTON CONTRIBUTOR Entrepreneur and Connector The light-bulb just went off. And now you have a million dollar idea. Should you quit your day job? The situation varies from individual to individual, but before you put-in your two weeks notice, weigh the pros and cons of launching a business while holding down a full-time job. I had to do this before I quit my job. The obvious pro of keeping the job is that you’ll have a consistent income. This will help take care of your bills and debts as you put your new business venture into motion. The main concern about keeping your full-time position is that you’re going to run out of time. Spending 40 hours or so per week at your day job doesn’t leave a whole lot of other time to build your business and have a personal ...

The 5 Basics for Building an Online Business That Actually Makes Money Growth Strategies Online Marketing Online Business Focus Selling Online WEBSITES TO MAKE MONEY INTERNET BUSINESS IDEAS HOME-BASED BUSINESS IDEAS KIMANZI CONSTABLE CONTRIBUTOR Author, Consultant, Owner of KimanziConstable.com With the boom of the Internet and social media has arisen a new category of entrepreneurship. Successful entrepreneurs such as Mark Cuban, Elon Musk, and Peter Thiel got their start with online businesses. An online business offers an unparalleled opportunity to run a business worldwide with only a laptop and Internet connection. Starting and growing an online business, however, is easier said than done. Today, 2.5 billion people log onto the Internet. This is good in the sense of the opportunity for income, but negative in the sense that an online business has become a modern day gold rush. Everywhere you look a new “guru” or “expert” who offers their cheat sheet or...

What I Do When I Feel Like Giving Up ? This story originally appeared on JamesClear.com Growth Strategies Motivation Inspiration Personal Improvement EASY STARTUP BUSINESSES TOP RATED MEDICARE PLANS SMALL BUSINESS IDEAS JAMES CLEAR FROM JAMESCLEAR.COM Writer, Entrepreneur and Behavior Science Expert I am struggling today. If you’ve ever struggled to be consistent with something you care about, maybe my struggle with resonate with you too. It has been 939 days since November 12, 2012. That’s the date when I first published an article on JamesClear.com and it’s almost 2 years and 7 months ago. During these 939 mostly glorious, sometimes frustrating days, I have written a new post every Monday and Thursday. Week after week. Month after month. Year after year. But today? Well, today I am struggling. Today, I don’t feel like writing. Today, I don’t feel like sticking to the routine. Today, I don’t feel like I have any great ideas and I don’t feel like I have enoug...

10 Things You Must Do to Grow Your Online Business in the First Year Ecommerce Technology Growing A Business Selling Online SEO DREW HENDRICKS CONTRIBUTOR Startup Advisor, Freelance Writer and Marketing Specialist Drew Business forecasts indicate that ecommerce is exploding, which means now is the perfect time for startups to firmly establish their online stores. There are numerous tactics for nurturing a new online business. If you're just getting started, now's the perfect time to make sure all the elements for your online success are in place. Let’s review 10 crucial steps to capitalizing on this trend: 1. Carefully target the online audience. Ecommerce depends largely on a reputable, accessible online presence. To be recognized as such, businesses must make themselves available to those who are most likely to notice. Identify the demographic characteristics of consumers who will benefit from relevant products and services, and base marketing strategie...

Stop Thinking and Start Doing: The Power of Practicing More   Stop Thinking and Start Doing: The Power of Practicing More  Peter Thoeny - Quality HDR Photography | Flickr MARCH 16, 2015 This story originally appeared on James Clear. com Productivity Leadership Habits Learning Self Improvement JAMES CLEAR FROM JAMES CLEAR.  COM Writer, Entrepreneur and Behavior Science Expert We all have goals that we want to achieve in our lives. These goals may include learning a new language, eating healthier and losing weight, becoming a better parent, saving more money, and so on. It can be easy to assume that the gap between where you are now and where you want to be in the future is caused by a lack of knowledge. This is why we buy courses on how to start a business or how to lose weight fast or how to learn a new language in three months. We assume that if we knew about a better strategy, then we would get better results. We believe that a new result require...

What Type of Entrepreneur Are You? (Infographic) Motivation Richard Branson Inspiration Entrepreneurs Entrepreneurship ... KIM LACHANCE SHANDROW ENTREPRENEUR STAFF Senior Writer. Frequently covers cryptocurrency, future tech, social media, startups, gadgets and apps. Kim Sir Richard Branson’s no boring venture capitalist. Instead, the knighted P.T. Barnum of business has crowned himself an “adventure capitalist.” And, judging by his out of this world aspirations and the wacky publicity stunts he’s pulled over the years, he’s spot-on in his assessment. The daredevil billionaire and shameless self-promoter will stop at nothing to draw eyeballs to his Virgin companies. He’s jumped off the Palms Hotel Casino in Las Vegas (literally by the seat of his pants), kite surfed with a buck naked model clinging to his back and even mooned a crowd of reporters in Canada. Related: The 7 Traits of Successful Entrepreneurs You might call Branson crazy. We call him an opportuni...

7 Things No One Told Me About Being an Entrepreneur Focus Entrepreneurs Solopreneur Goals Distractions KIMANZI CONSTABLE CONTRIBUTOR Author, Consultant, Owner of Kimanzi Constable. com Many people become entrepreneurs because they want to take charge of their financial future and enjoy the freedom entrepreneurship can provide. While the allure of entrepreneurship is strong, there are some realities you should be aware of before you decide to take the leap. I hate to say it, but entrepreneurship isn't for everyone. If you're not prepared, you could end up turning your dream into a nightmare. Here are seven lessons I’ve learned over the last 15 years of being an entrepreneur that no one told me about before I took the leap. 1. It’s lonely at times Loneliness is an occupational hazard for entrepreneurs. Until you grow your business to the point of bringing on other people, it’s going to be a one-person show. This means extended periods of time alone, and that ...

5 Reasons an Online Business Is the Shortest Route to Financial Freedom Internet Entrepreneurs Online Businesses Opportunity START ECOMMERCE BUSINESS E-COMMERCE BUSINESS SOLUTIONS INTERNET BUSINESS IDEAS PETER VOOGD CONTRIBUTOR Leading Authority for Young Entrepreneurs The 1 percent didn't become wealthy trading time for money, and neither will you. It's tolerable for a start, but at some point, you have to intensely focus on scaling and leverage. Enter the Internet. The Internet has created a new economy that is accessible to everybody. Its explosive growth and sheer size has already changed our perception of the traditional way of doing business. Amazon, PayPal, Netflix, eBay, and numerous other tech giants have virtually cornered their respective markets and created domination in areas where just a few years ago traditional brick-and-mortar businesses reigned supreme. The advent of the Internet has in many ways leveled the playing field for small businesses to compete w...