Entries by gonogo

Outsourcing and its Benefits for your business plan

Outsourcing and its Benefits for your business plan Outsourcing is the contracting out of internal business processes to a third party. Why Outsourcing is the best option for you, a young and strived to success entrepreneur? Here are the top 5 reasons: 1) Control Your Costs – Outsourcing converts fixed costs to variable costs, and […]

The importance of updating your business plan

The importance of updating your business plan  “The most expensive lesson is the one you have to learn a second time…” The business year is over? Updating your business plan? That’s exactly the time to sit back and review the year thoroughly – What worked? What didn’t? How can we improve and become more cost-effective? […]

Your business plan breakeven point

Your business plan breakeven point   The BEP calculated in the business plan writing process, determine the point which total costs and total revenue are equal.   Here are 3 ways to increase your return on investment by lowering your break-even point:  1. Raising prices – thus, the gross margin percentage will be better and […]

Business plan for family businesess

Business plan for family businesess The standards for family business success aren’t only focusing on Achieving business goals but also on keeping the desirable family status. This ‘mission’ is a strategic challenge for them. As family problem may hold back business intentions, wrong move of the business may harm also the family relations. So while […]

Business plan for the retail industry

It is very important to maintain flexibility of thought, not to lose Critical vision and ability to judge Business plan for the retail industry Business plan for the retail industry Starting a “seasonal affected business”? If you’re in the retail business – that’s probably the case Note that you’ll probably at some point need to […]

What is the conversion rate in your business plan

An app is worth a thousand words or a few million dollars in a better case The last few months have felt as if the dot com bubble which occurred in 1999 is returning with full force Everyone today wants to be a millionaire and it seems like more and more entrepreneurs are achieving their dream. We read in […]

How to make profit off an application

How to make profit off an application Most entrepreneurs and application developers who turn to us for a business plan are rushed to present the market with their product before is has a set business model. They have great enthusiasm and a strong will to enter the market with an innovative application that they have […]

Writing a Business Plan for a Franchise – part 2

Writing a Business Plan for a Franchise – part 2 ( Writing a Business Plan for a Franchise (part 2 The advantages of a franchise:   Data exchange within the company chain – data exchange amongst the different branches provides all branches with a competitive advantage over business opponents that are individual and not part […]

Writing a Business Plan for a Franchise – part 1

Writing a Business Plan for a Franchise – part 1 Writing a Business Plan for a Franchise (part 1) The Wonders of a Franchise: A franchise is a trading method in which a certain chain or brand, meaning the granter of the franchise, allows a company or an individual to purchase and use its brand […]