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One Page Business Plans: Simple and Highly Effective

Learn how to write a complete business plan in the equivalent of 29 tweets (or less) on a single page using keywords and short phrases. Read more

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Business Plan Template for a Startup Business

To increase your odds of a successful business startup, download this step-by-step business plan template you can use to plan for your new business. Read more

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5 Reasons Your Startup Needs a Business Plan

Doing some pre-startup homework and crafting a business plan now will make your life post-startup so much easier. Read more

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Should I Form A Corporation Or An LLC? What's The Point? by Bill Ferguson

April 14, 2021

If the legal protection of the two types of these business entities is almost the same, which is better, corporation or LLC? Most of the time, the simple answer is this – an LLC is better. It’s simpler to form and it allows for the most favorable tax elections.

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To Be (Self-Employed ) or Not To Be by Bill Ferguson

February 22, 2021

It takes more than a better mousetrap to be successful in business. The purpose here is to tell you what you need to be successful, in addition to the better mousetrap.

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It's As Simple As Asking a Question by Kathleen Paris

December 3, 2020

I have had an exciting, intense and wonderful career as a management consultant and have worked with organizations around the world. I have worked with groups trying to chart their future, groups that were stuck trying to get to the future, groups that were locked in conflict, and all kinds of situations in between.

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Budgeting for Next Year by Bill Ferguson

October 26, 2020

Companies using a calendar year to do their financial statements need to take this time of the year to do budgeting for next year. Budgeting? Why would a company need that? Just do their thing – sell and hope for the best? That’s NOT a good way to run a company. Not good at all. All the big corporations budget everything – sales, expenses by category, cash flow, etc, etc. And, they do it on a quarterly basis. Why? One, they want a target that they believe they need to hit and so they then plan what they must do to hit that target. And, secondly, they use it for accountability – to measure the performance of each subsidiary or department that fed their budgets into the overall budget. Planning and accountability.

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Validating a Local B2C Business Idea

June 21, 2019

If you don’t have customers, you don’t have a business.  First things first, who’s going to buy what you’re selling?  And why buy your product, or service, instead of the competitions?

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Links to More Information

Find helpful business information and resources. SCORE Madison provides FREE business mentoring, consulting, and educational seminars and workshops to businesses and entrepreneurs... Read more

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Small Business Basics

This invaluable guide on business planning basics will help get you on your way to making your entrepreneurial dreams come true. Read more

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