Date: 03/13/17 By: PlanIt Business Team
What are “Risk Factors” and why you need them in your business plan? Before we can answer these questions, we need to understand what your business plan is being used for and whom will be reading it. For example, most of our clients require a business plan to present to a potential investor; and investors are seeking to identify risks in your business plan and have those questions of risk answered. Generally, after an investor has identified that he/she likes your business plan, they are trying to ask questions as a means of ticking off all of the risk factors on their list.
When you are developing your business plan, it is a good idea to think like an investor ...
Date: 02/13/17 By: PlanIt Business Team
According to an article by CBSDFW.com, based on data from the U.S. Census Bureau, the population of Texas grew by more than 430,000 – a number higher than that of any other state in the country. Overall, Texas is the second most populous state in the country — with just shy of 28,000,000 residents. California has the most people with nearly 40,000,000.
So what does this mean for business plans in Texas? Texas business plans become quite important as start ups and entrepreneurship accelerate at a commiserate rate of population growth.
At PlanIt Business, our Texas clients represented nearly 20% of our client base. That means, 1 in every 5 busin ...
Date: 02/10/17 By: PlanIt Business Team
According to an article by Matt Murphy – Crunch Network Contributor – 2017 will be a growth year for venture capital on top of an already strong year for venture capital seen in 2016.
Some of the drivers of venture capital growth are expected to be:
- IoT (Internet of Things)
- Virtual Reality
- Artificial Intelligence
- Shared Economy
Date: 02/06/17 By: PlanIt Business Team
When we, believers, turn over our lives to Christ and ask Him to lead us, we are proclaiming that we are ready for His Will be done. But how should Christians think about plans: strategic plans, life plans and business plans? PlanIt Business has compiled relevant scripture verses from the Bible (NIV translation) that speak to planning:
Commit to the Lord whatever you do,
and he will establish your plans.
May he give you the desire of your heart
and make all your plans succeed.
For I know the plans I have for you, declares the Lord, plans to prosper you and not to harm yo ...
Date: 02/03/17 By: PlanIt Business Team
A well-thought out business plan is important for any business owner or start up. However, if you are seeking any kind of funding for your business, a professionally-crafted business plan is essential. So who writes business plans? PlanIt Business has compiled our client database over the past five years and here is what we found:
|RANK||INDUSTRY||% OF ALL BUSINESS PLANS|
|1||Food & Beverage||15.0%|