Connect with us


How to Develop a Killer Business Plan



About 20% of businesses fail within the first year. After the second year, about 30% of businesses have failed. Unfortunately, only 30% of businesses will remain by the end of the decade; a 70% failure rate. To Create A Killer Business Plan you need to be Great at Financing Visit  The Tier Group for Great Financial Advices.

With a strong business plan, you can set your business up for success from the start.

Here are the top business planning tips you need to develop a plan that will set you up for lasting growth. Following this outline for your business plan will ensure you consider every angle. You can even spot potential threats and opportunities before others in your industry.

Discover how to create a plan for long-term growth and success. Read on to learn how to write a plan for your business today.

1. Executive Summary

Writing a strong executive summary is crucial to writing an effective business plan. In fact, you’ll likely want to write this section last. The executive summary will distill all of the sections mentioned below.

This section summarizes the rest of your business plan for potential investors and lenders. The overview could persuade them to continue reading, too. If your executive summary lacks luster, you could lose potential investors and funding.

Instead, you can use your executive summary to outline:

  • What the business does (business concept)
  • What the business wants to do (goals and vision)
  • Who you sell to (target market)
  • What you sell and why it’s different (product description)
  • How you plan to reach customers (marketing strategy)
  • How much you earn (current financial state)
  • What you foresee earning (projected financial state)
  • How much you’re asking for (the ask)
  • Who is involved (the tea)

Your executive summary shouldn’t exceed one page. Instead, keep it clear and concise.

Otherwise, you could risk losing the reader’s attention.

2. Company Description

As you use these business planning tips, it’s important to keep your end goal in mind. What do you plan to do with this business? What do you hope to accomplish?

Answering these questions will help potential investors understand why you’re in business. It can also help differentiate you from other brands.

Your company description could help them determine why you’re a worthwhile investment, too.

The description should also outline your:

  • Business structure
  • Business model
  • Industry
  • Vision and mission statement
  • Value proposition
  • Background/history
  • Business objectives
  • Team and their salaries

Focus on the core of why your business exists and what you aim to accomplish.

3. Market Analysis

Your market analysis is key to developing and executing your entire business plan. Otherwise, you could fail to choose the right products for the right customers. Choosing the wrong market could waste your time and money.

You could struggle to attract buyers and make sales as a result.

First, consider how big the potential market already is today. Determine how many people need your product or service.

Gather information about your ideal customers, too. Understand their demographics and psychographics.

Next, research relevant industry trends. Determine whether the industry will grow or decline over the next few years as well.

Don’t forget to conduct a SWOT (strengths, weaknesses, opportunities, threats) analysis as well. Your SWOT analysis can help you determine your competitive advantage. It will also help you determine factors that can hinder your success.

You can find more information here to get started.

4. Management and Organization

Readers will also look for information about who is running your company. You’ll need to develop a plan based on your team.

Create an organizational chart to demonstrate your company’s internal structure. It should outline roles and responsibilities within your organization.

Take the time to detail the legal structure of your business, too. For example, are you incorporating your business as an S corporation? Perhaps you’re choosing sole proprietorship instead.

5. Offerings

These business planning tips will center around your product or service.

If you plan to sell multiple products, offer general information for each product line. Describe any new products you intend to offer in the future. Consider how they’ll improve your profitability, too.

6. Customer Segmentation

Understanding your target audience is key to your company’s growth and success. Remember, you’ll want to find a way to appeal to the consumer’s needs.

Take the time to segment your target audience based on specific demographics. For example, you can consider:

  • Location
  • Age range
  • Education
  • Behaviors
  • Interests
  • Pain points
  • Household income
  • Career
  • Opinions, beliefs, or values
  • Hobbies

Segmenting your target audience into smaller groups can improve your marketing strategy.

7. Marketing Strategy

As you create a plan for your business, you’ll also need to consider how you intend to reach customers. Otherwise, you might fail to attract buyers.

Your marketing strategy should consider price, product, promotion, and placement.

Consider what marketing platforms you’ll use to reach customers, too.

8. Operations and Logistics

Next, you’ll need to consider the workflows you’ll use to turn this business plan into a reality.

Consider your:

  • Suppliers
  • Production
  • Facilities
  • Equipment
  • Shipping and fulfillment
  • Inventory

This section will show readers you understand your supply chain. Create contingency plans to cover your bases as well.

9. Financial Plan

Without strong financial health, you’ll struggle to develop a plan that works. As part of your financial projection, you’ll need to create a balance sheet and income statement. Include a cash-flow statement for potential investors, too.

Most micro-businesses require $3,000 to get started. Most home-based franchises need between $2,000 and $5,000. Take the time to determine how much you’ll need to start your new business.

Separate your costs into fixed, variable, essential, and optional expenses. For example, you’ll need to consider:

  • Business plan costs
  • Office furniture
  • Labor
  • Basic supplies and technology
  • Web hosting
  • Marketing
  • Rental space for an office
  • Insurance, license, or permit fees

You can use a spreadsheet template to calculate your projections. Create a breakeven analysis of your company, too.

Compose a Killer Business Plan: Essential Company Planning Tips for Success

Learning how to create a killer business plan could set your new endeavor up for lasting success. Use these company planning tips to get started. Make sure to keep it clear, concise, and informational.

Then, seek investors and get ready to watch your plans become a reality.

Searching for more tips? You’ve come to the right blog.

Check out our latest guides today for more useful advice.

Continue Reading


Popularity of Monolith Signage for Businesses



Popularity of Monolith Signage for Businesses

When it comes to stylish and functional on-street advertising, monolith signs are quickly becoming the clear winner.

Why do so many businesses, from restaurants to fitness centers, choose monolith signs to make their brand stand out and improve the look of their building?

We try to explain.

Distinctive Design and Practical Benefits

One way to get your name and contact information out there is with a monolith sign, which is basically just a freestanding structure.

The design is vertical and striking. It’s a powerful visual for people passing by to increase brand awareness and draw in some customers.

Visibility from a Distance

Visibility is a defining characteristic of monolith signs. They are made to be used on both sides, so the branding is identical on both sides.

This makes them especially useful in areas with a lot of foot traffic, where being seen from all sides is important for getting your message across.

Aesthetic Appeal

People love the clean, powerful look of monolith signs. As long as they fit in with the neighborhood’s visual standards, they look good and show that a business cares about quality and design.

These signs can be lit up, which makes them bright and noticeable, which is important for getting potential customers’ attention from far away.

Flexible Placement

In contrast to traditional signs that may only fit in certain areas of a building’s front, monolith signs can be put anywhere on your property.

For businesses that are not right next to footpaths or high-traffic routes, this is extremely valuable because these signs can be placed in a way that draws attention from busy roads and paths.

Durability and Security

Since they are made of strong materials, monolith signs are sturdy enough to resist vandalism and normal wear and tear.

This makes them a good choice for any business setting. The fact that they are strong means that they will always be a part of your business and help your marketing.

Customization and Professional Installation

If you choose a monolith sign, you are choosing a custom way to advertise. Ice Signs work closely with you from the first design stage all the way through the installation.

We start with a couple of primary designs and finishes and then add your company’s colors, fonts, logos, and pictures to make a sign that is truly unique and represents your business.

Comprehensive Service

Our team is dedicated to giving you a complete experience and making sure that every monolith sign meets your business’s exact needs.

Our experts will hook you up with the right style of placement and installation of the sign, handling all aspects carefully. We stick to health and safety standards for a smooth setup.

Why Invest in Monolith Signage?

The way businesses think about and use outdoor advertising has changed a lot since monolith signage came out. Because it is highly visible, has an eye-catching design, and is built to last, it is a great tool for businesses that want to make a strong impression in a crowded market.

Companies that are thinking about this dynamic advertising option can get a free site survey to figure out what their needs are and how to best meet them.

Talk to our experts about how monolith signs can change the way people see your business and bring in more customers.

Parting Thoughts

You can use monolith signs for reasons other than advertising. They are also a good investment for your business because they will last, be flexible, and fit with your brand.

These signs can be traditional or illuminated. Either way, they make your business stand out in a packed market.

Ice Signs is a company in Leeds that makes custom, hand-made signs, such as metal and illuminated signs. With over 20 years of experience, they deliver tailored design, supply, and installation services for both indoor and outdoor business signage needs.

For more information, visit:

Continue Reading


Chris Dixon, RFC: Shaping the Future of Retirement Planning



Shaping the Future of Retirement Planning

Chris Dixon stands out as a beacon of innovation and expertise in financial advisory. As a co-founder and managing partner at Oxford Advisory Group, Chris Dixon brings a wealth of knowledge and a unique perspective to retirement planning and tax-efficient strategies for retirees. His robust background, which combines a Bachelor of Science with Political Science Honors and a certificate in Sustainable Business Strategy from Harvard Business School, makes his qualifications impeccable.

A Commitment to Tax Efficiency and Education

Chris Dixon’s role at Oxford Advisory Group transcends traditional financial planning. His focus on developing tax-efficient strategies and income planning for retirees places him at the forefront of financial consultancy. Chris Dixon’s approach is not just about ensuring financial security for the present but paving a way for his clients’ sustainable and prosperous future.

Personalized Strategies for Every Client

Chris Dixon’s expertise goes beyond just offering financial advice; he excels in crafting personalized financial strategies that cater to each client’s unique needs. Understanding that no two financial situations are alike, Chris Dixon RFC employs a meticulous approach to financial planning, ensuring that every plan is tailored specifically to the individual’s goals, lifestyle, and future aspirations. This personalized touch sets Chris Dixon apart in the industry and guarantees that clients receive the most relevant and impactful financial guidance possible.

Bridging Knowledge Gaps with Seminars and Media Appearances

Recognizing the importance of financial education, Chris Dixon actively participates in informational seminars on Taxes in Retirement and Social Security. His commitment to sharing knowledge extends beyond personal interactions. Chris Dixon is a co-host of “Reinventing Retirement” on TV and radio, platforms that significantly broaden the reach of his valuable insights.

Authorship and Influence

Chris Dixon’s contributions to the financial industry include co-authoring the book “Total Tax-Free Retirement.” His articles and expert opinions have been featured in prestigious publications such as Newsmax Finance, Yahoo! News, Nasdaq, and US News, marking him as a thought leader in retirement planning.

Leadership and Vision

Beyond his immediate responsibilities, Chris Dixon’s influence extends to mentoring other advisors nationwide and sharing his tax strategies and planning techniques. His involvement with top Wall Street banks and his role on the board of the Advent Health Foundation illustrates his commitment to both the financial and broader community.

Entrust Your Future with Christ Dixon

Choosing Chris Dixon as your Registered Financial Consultant (RFC) means entrusting your retirement planning to a visionary deeply committed to your financial well-being and future. With Chris Dixon and the Oxford Advisory Group, retirement planning becomes not just a necessity but an empowering journey toward achieving your dreams.

In an ever-evolving financial landscape, Chris Dixon, RFC, represents a trusted guide committed to helping retirees navigate the complexities of financial planning with confidence and foresight. His dedication to tax efficiency, coupled with a proactive approach to education and community engagement, sets a new standard in financial advisory services.

Contact Oxford Advisory Group Today

For those looking to secure their financial future with a partner who truly cares, Chris Dixon, RFC, at Oxford Advisory Group is an unparalleled choice. His expertise and innovative strategies ensure that retirement is not just a phase of life but a new beginning full of possibilities and peace of mind.

Continue Reading


How Does a Charge Off Work



How Does a Charge Off Work

In the realm of debt resolution, few terms evoke as much confusion and concern as “charge-off.” For many, it’s a dreaded status that signals financial trouble and uncertainty. But what exactly does it mean, and how does it impact your financial life? In this article, we’ll take a closer look at the ins and outs of charge-offs, shedding light on this often misunderstood aspect of credit and debt management.

Unraveling the Charge Off Mystery

At its core, a charge-off represents a significant milestone in the life cycle of a debt. When a lender or creditor deems an account uncollectible due to non-payment, they may choose to charge off the debt. This decision essentially acknowledges that the debt is unlikely to be repaid in full and allows the creditor to write it off as a loss for accounting purposes. However, it’s essential to understand that a charge-off does not absolve you of your legal obligation to repay the debt. Instead, it marks the beginning of a new phase in the debt collection process.

Navigating the Aftermath: What Happens Next?

Once a debt has been charged off, several scenarios may unfold. In some cases, the creditor may opt to sell the debt to a third-party debt buyer, who will then attempt to collect on the outstanding balance. Alternatively, the creditor may transfer the debt to a collection agency, which will pursue repayment on behalf of the original creditor. Regardless of who holds the debt, you remain legally obligated to satisfy the outstanding balance, subject to the terms of the original credit agreement.

Understanding Your Options: Debt Resolution Strategies

Facing a charged-off debt can feel daunting, but it’s essential to remember that you have options for resolving the situation. One potential avenue is debt resolution, which involves negotiating with creditors or collection agencies to reach a mutually acceptable settlement. This could involve agreeing to a reduced lump-sum payment, setting up a structured repayment plan, or exploring debt consolidation options. By proactively addressing the issue and working toward a resolution, you can take control of your financial situation and begin to move forward.

The Importance of Communication: Navigating the Collection Process

Throughout the collection process, communication is key. If you receive notification of a charged-off debt or are contacted by a debt collector, it’s crucial to respond promptly and engage in open dialogue. Ignoring the situation or avoiding communication with creditors and collectors will only exacerbate the problem and may result in further legal action. By staying informed, being proactive, and seeking assistance when needed, you can better navigate the complexities of debt collection and work toward a positive resolution.

Conclusion: Empowering Yourself with Knowledge

In conclusion, understanding how a charge-off works is an essential step in managing your financial health and addressing outstanding debts. While the prospect of a charge-off may seem daunting, it’s crucial to remember that you have options for resolving the situation and moving forward. By educating yourself about the collection process, exploring debt resolution strategies, and maintaining open communication with creditors, you can take control of your financial future and work toward a brighter tomorrow.

Continue Reading


Discover the Perfect Bedside Table for Your Room in NZ Discover the Perfect Bedside Table for Your Room in NZ
Home Improvement23 hours ago

Discover the Perfect Bedside Table for Your Room in NZ

Introduction to Bedside Tables A bedside table is a small table you keep next to your bed. It’s really helpful because...

The Elegant Beauty of Quartz Countertops in Montreal The Elegant Beauty of Quartz Countertops in Montreal
Home Improvement6 days ago

The Elegant Beauty of Quartz Countertops in Montreal

Key Takeaways: Montreal homeowners are embracing quartz countertops for their timeless elegance, durability, and design possibilities. Quartz countertops have a...

Discovering the World of Slot Gacor Discovering the World of Slot Gacor
Sports1 week ago

Mastering Slot Online: Discovering the World of Slot Gacor

Slot online games have taken the gaming world by storm. With their easy accessibility and exciting gameplay, they offer endless...

Convenient and Discreet CBD Consumption On-The-Go Convenient and Discreet CBD Consumption On-The-Go
CBD2 weeks ago

CBD Sticks: Convenient and Discreet CBD Consumption On-The-Go

In today’s fast-paced world, finding moments of relaxation and well-being can be a challenge. That’s where CBD products come in....

The Crucial Role of FINPR in the Cryptocurrency Market The Crucial Role of FINPR in the Cryptocurrency Market
Crypto2 weeks ago

The Crucial Role of FINPR in the Cryptocurrency Market: Amplifying Voices, Building Brands

In the rapidly evolving landscape of cryptocurrency and Web3 technologies, effective communication and strategic PR play a pivotal role in...

What is the Average Markup on HVAC Parts? What is the Average Markup on HVAC Parts?
Home Improvement4 weeks ago

What is the Average Markup on HVAC Parts?

Understanding the cost structure of HVAC parts can help homeowners and businesses make informed decisions when purchasing or repairing their...

Boomerang Boomerang
Autos4 weeks ago

Boomerang: Your Trusted Partner For Hassle-Free Car And Bike Rentals In Phuket

In the bustling streets of Phuket, having reliable transportation can make or break your experience. Whether you’re a tourist exploring...

Essential Tips for Business Success on the Web Essential Tips for Business Success on the Web
Digital Marketing1 month ago

Essential Tips for Business Success on the Web

In today’s digital age, having a robust online presence is crucial for business success. The internet has transformed the landscape...

Popularity of Monolith Signage for Businesses Popularity of Monolith Signage for Businesses
Business1 month ago

Popularity of Monolith Signage for Businesses

When it comes to stylish and functional on-street advertising, monolith signs are quickly becoming the clear winner. Why do so...

Mississauga Professional Services for Removing Popcorn Ceilings Mississauga Professional Services for Removing Popcorn Ceilings
Home Improvement1 month ago

Mississauga Professional Services for Removing Popcorn Ceilings

Key Highlights Popcorn ceilings, also known as stucco ceilings, were popular in the 1970s and 1980s but are now considered...