Archive for the ‘2. Business Plans & Financing’ Category

3. Things to Consider Before Taking Out a Small Business Loan

Tuesday, January 14th, 2014

The Closet Entrepreneur by Kendra Leah Fuller

By , @Writing2Day

There are many reasons you may be considering taking out a business loan. Perhaps you need start-up capital for your new business or are looking to expand your existing business. No matter what your reason for additional capital, I urge you to tread cautiously before taking out a small business loan.

As entrepreneurs, we are generally optimistic. Optimistic that our start-up will be a success. Optimistic that our business is going to grow. Many of us tend to focus on the positives and only deal with the negatives when they happen. We mistakenly think that we have total control over the destiny of our business. While you may control most things, you do not control all.  Before you take out a loan, I want your eyes to be wide open to the pitfalls.

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2. A Closer Look at the Dreaded Business Plan

Monday, January 6th, 2014

The Closet Entrepreneur by Kendra Leah Fuller

By , @Writing2Day

The Closet Entrepreneur has been on hiatus for a year while I completed my manuscript for Images of America: Grand Teton National Park. I apologize for the interruption – now back to business.

As I thought about writing this post, I came to the realization that not only do I dread writing a business plan – I dread writing about writing a business plan. I probably shouldn’t admit that, but it is what it is. Nevertheless, it is a necessary evil and one that you should put your best foot forward on for reasons I discussed in my first post, “Writing the Dreaded Business Plan.”

I’ve uploaded the business plan I created several years ago for purposes of this blog. Feel free to use it as a template for your own plan. (more…)

1. Writing the Dreaded Business Plan

Wednesday, January 16th, 2013

The Closet Entrepreneur by Kendra Leah Fuller

By , @Writing2Day

I don’t know about the rest of you but when I think about writing a business plan, I groan. Here’s a partial list of excuses I have heard and told myself.

“I just want to get down to running my business and making money!”

“I don’t want to take the time to write a business plan.”

“Business plan? Who needs that? I’m a fly by the seat of my pants kind of gal.”

“Why would I need a business plan? I don’t need to borrow any money.” (more…)