5 Questions for Writing Your Business Plan

When you start a business, it’s an exciting time. You are passionate about your big idea. You can see it clearly in your head. You know what you want to do. You just need to get on with it. Sound familiar?

Yet one of the main reasons so many new businesses fail isn’t necessarily because the idea was flawed. One of the biggest reasons they fail is actually because they didn’t have a clear plan. The plan is what moves you from ideas to action.Those that have a plan have had the discipline and foresight to really think through their ideas and how they are going to work.

So 5 important questions to ask yourself as you write your plan?

» Read more: 5 Questions for Writing Your Business Plan

eBay Is All About Planning – So Give Proper Attention to Your eBay Business Plan

Most people decide to start an online business because of its convenience. What they do not take into consideration is the fact that they will have to plan their online business as thorough as they will have planned a business which would have taken place in a brick and mortar store. Planning your business may seem quite outdated, with all those people telling you to just make an account and start making more money than you have ever thought. However, this is a necessary step, which will guarantee you that you will not invest money in something which will never give back any profit.

The first thing which you have to think about when starting an eBay business is what niche is more appropriate for you and which products will sell better. This will prevent you from getting into an unprofitable business.

After you have set your niche you will have to look for places from where to procure the merchandise you want to sell. It is important to find places where they sell quality products for very small amounts of money, so that you can make some profit out of selling them. Also, take into consideration the type of mail service you are going to use. Delivery fees can increase significantly the price of your products, so it is important to choose the cheapest, yet safe mail services available.

» Read more: eBay Is All About Planning – So Give Proper Attention to Your eBay Business Plan

7 Tips For Writing A Start-Up Business Plan

Please raise your hand if you’ve ever been frustrated about what to put in a business plan? What will convince an investor to give you money? We’ve all been there. And it seems like the answer keeps changing depending on who you talk to.

The problem, or rather the truth, is that there is no “one fit all” solution. So the bad news is: even a step by step guide to writing a business plan won’t really make your plan “good”. The good news is, you really don’t need a step by step guide to make your plan compelling enough to close investment.

There are many different formats and there really isn’t a “universal” length for a perfect business plan. Depending on your product or industry, it can range anywhere between 10-100, and sometimes more, pages.

» Read more: 7 Tips For Writing A Start-Up Business Plan