Business Plans

News & Analysis as of

Business Plan Basics

Every business should have a plan—from tech start-ups to law firms. The process of creating a document that details the thoughts and ideas of the owners or founders of the business allows for a realistic appraisal of the...more

So You Want To Sell Your Business… PART 2 of 4 – Preparing for the Sale

In our last installment we focused on the reasons why a business owner might wish to undertake a sale of a closely held business. Assuming that those reasons have been determined with ample time to prepare for a sale of the...more

The Importance of a Business Plan

A business plan is a very important component of a start-up business. It can and should be used as a tool for understanding how your business is put together. It can be used to monitor progress and hold yourself accountable....more

Pitch Perfect - Creating a Compelling Story for Investors

Pitch decks are fundamental to your fundraising effort. If an investor is willing to give you their valuable time and attention, you should take full advantage of this chance to tell your story quickly, concisely, and...more

MAS consults on 2016/17 business plan

MAS has issued a consultation on its draft business plan for 2016/17 and three-year corporate strategy. The aims are based on six core areas...more

Treasury Committee publishes FCA business plan response

The Treasury Committee has published the response FCA sent to the Committee’s comments on the 2014/15 Business Plan and, in particular, how FCA’s actions had created a misleading market in life assurance company shares....more

Wrongful Trading: Robin Hood’s not-so Merry Men

Brooks and another v Armstrong and another [2015] EWHC 2289 (Ch) 0 - In a rare judgment considering wrongful trading in detail, the memorably-named “Robin Hood” case considers at which point the directors ought to have...more

Does a Workplace Have To Be Perfect?

I recently blogged about the debate on CEO and employee pay ratios. I urged employers to seize the high ground and decide what their attitude is as to their “responsibility” is to their employees. I’m a pragmatist. I...more

Treat Your Immigration Goals Like You Treat Your Finances – Plan, Plan, Plan

Whether you are an employer or an individual – when it comes to your immigration goals it pays to look at all of your options. Everyone takes their financial picture seriously — from the simplest budgeting of having to live...more

The LLC Operating Agreement - Why Is It Important And What Should It Say?

An LLC is a fairly limitless business form. Generally, an LLC can be and act in any number of ways, tailored to how you want your company to operate. The Kentucky LLC statute provides several gap-filler provisions, but most...more

Flying through change – knowing and planning for contingencies

In our article about the 7 lessons for successful bargaining, we wrote that successful bargainers seek to control the bargaining agenda. They do so with a view to achieving their ultimate goals. But we also wrote that...more

Building a Saleable Business & The Importance of a Strategic Plan

For a small business government contractor (“GC”), its small business size is arguably its greatest asset. In the context of building a saleable business, however, if the GC owner or owners fail to adopt and implement a...more

Ill-equipped or Ill-researched? A letter to the editor of Fortune Magazine

There’s an irony in Fortune Magazine’s July 24, 2014, article “The dark, disturbing world of the visa-for-sale program.” The article accuses foreign EB-5 investors of being “ill-equipped (or disinclined) to assess the...more

New Lawyers Need to Understand the Business of Law to Succeed in Private Practice

A position in a law firm not only requires performing well for the attorneys you are working for and ultimately the clients, but understanding and embracing the business of law....more

Ten Tips for Starting Your Own Law Firm

On two different occasions I started my own law firm. The first time after I had been out of law school a total of 18 months. The second time a little over two years ago. In today’s blog post I wanted to go over 10 things...more

Trusts & Estates - Preventative Medicine for the Health of Your Estate

Physicians and other licensed health care providers labor many years to build their practices. However, unlike many other businesses, a health care practice cannot be passed by will or otherwise to the provider's spouse or...more

E-2 Treaty Investor Visa – A Great Visa Option For Those Who Wish To Start A Small Business In The United States – Top E-2 Visa...

An E-2 Visa is a Visa Classification that is available for foreign nationals who wish to live in the U.S. to develop and direct the operations of a business. The business can be large or small and an E-2 Visa is a great Visa...more

Key Tips for Developing Business Plans for Entrepreneurs, Investors & Business Owners

For every Business Owner, Investor & Entrepreneur, the thought of putting together a business plan is very daunting but is often a necessary evil for those who want to succeed. One great reason for a business plan is that it...more

Avoiding Your Fiscal Cliff: Create Your 2013 Business Plan Now

Yes, I know that your career will not be as instantly impacted in 2013 by not creating a plan as the US economy might be impacted by not creating a plan to deal with a host of things Congress and the President have set in...more

The Top 10 Things That Every Business Owner Should Do At Year-End

As a business owner, all year you have likely been running around acting as manager, developer, business generator, marketer, human resource manager and administrative assistant. Given the numerous roles, it is often tough...more

Business Development: Setting Your Sights on 2013

3 Ways to Beat Procrastination and Start Planning for the New Year The holiday season is in full swing, and 2013 is close behind. Do you have a strategic business plan in place for the new year? Do you even have a...more

Business Succession Planning: Time is Not on Your Side

There’s a reason why there are countless quotes, clichés, idioms, songs, etc. about time. It’s an equalizing resource. No matter how many times you cross back and forth over the International Date Line, we all have the same...more

What Makes a Business Plan Effective?

Have you created a plan for your non-billable time for the second half of 2012? If you haven’t, I want to share some ideas with you. Each lawyer I coach is unique. Their practice, their opportunities, their challenges, their...more

Marketing of Legal Sevices and Lawyer's Business Plans For Dummies

The time has long passed for lawyers to stop gnashing their teeth and donning sack cloth and ashes because the clients aren’t queued up at the door pleading for lawyers to handle their work and pleading with these lawyers to...more

No Nonsense Business Plans

Here is a concise recap of the 4 key areas to cover in your business plan if you hope to have a venture funded business....more

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