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Business forecasting helps you identify who will buy your products and services, and what demand you can expect
Accurate forecasting helps you find the right markets and avoid wasting money
Defining the overall market size, deciding which segments you want to target, defining characteristics of targeted market segments, and more
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Questions to ask to better understand a bank before starting a business relationship with them
Gauging lending authority as well as the extras available with an account
Inquiring about basic, lending, and services available
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Entrepreneurs often only work for themselves, but leadership skills are a must when you have majority ownership with your partners or when you bring on employees How leadership skills can give your company direction, set the tone of your business, and create and maintain a cohesive company Clear communication, developing a vision, and other advice for stepping into the role of a leader
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Risk management is vital for preserving your company in the face of unexpected circumstances Understand different scenarios for internal and external risks How to develop a risk management plan, and prepare for unpredictable risks
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Your business’s brand is its unique value, or the thing that causes people to choose it over other alternatives Creating a brand strategy, brand story, and brand assets A branding example of a small business in Connecticut
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Uncertainty is certain to occur in business, and can come from many different sources Understanding the four different types of business uncertainty Tips for enduring uncertain times, or even turning them to your advantage
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Understanding the core activities that make your business work Identifying basic and expanded business processes Steps for performing a process analysis
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Key steps for acquiring funds for starting or growing a business Potential avenues for financing A word of caution on alternative fintech lenders
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Financial technology options can be an appealing option for entrepreneurs who have trouble accessing funding through traditional lenders However, fintech can also come with higher interest rates and more onerous repayment terms Proceed with caution when looking for financing
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How to develop a relationship with your bank to meet your small business needs The important documents to bring when meeting with a bank representative What banks are looking for to gauge creditworthiness
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