How to Prepare to Write the Best Business Plan (5 Major Points)

How to Prepare to Write the Best Business Plan (5 Major Points)

Note: This could be the second article in the 3-part series about Writing the Best Business Plan. There are millions of articles, courses, outlines, and knowledge available, both free and priced. The knowledge available is indeed overwhelming, that it must be very difficult to know where to start and things to trust! These articles are designed to give practical, useful, and valuable advice about how exactly to accomplish it.

The 5 Major Points About “How” To Prepare To Write The Best Business Plan

In Part One, we looked over purposes and types of formal strategic plans; the reason dictates the kind of document to create. All executives, bankers, investors, and business leaders agree that all businesses really should have a formal business plan that is tailored to the desired purpose and result.

Many new business organizations – and lots of entrepreneurs – don’t realize the best way to properly prepare to write down an effective plan. The rule of thumb is: “Proper planning prevents poor performance!”

There are 5 major items to consider in preparing to write down an elegant business strategy:

1. Purpose

Who could be the Business Plan being written for, what’s the proper scope, and what’s the desired result? These points were covered in Part One of this informative article series:

  • a. Is it to attract a venture capitalist? The plan must be a “brief sales piece” geared directly towards questions an investor asks.
  • b. Is it for the bank loan, SBA-backed loan, or another commercial loan? The plan should then cover the information a banker will want.
  • c. Is it only for the business enterprise owner and also to serve as a guide?
  • d. Is it for multiple purposes, as well as to be utilized for various ends? Consider a “parent” plan or targeted plan(s).

2.

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Royal Golden Eagle Commits To Social Stewardship

Royal Golden Eagle Commits To Social Stewardship

To the people of Indonesia and the world, Royal Golden Eagle (formerly Raja Garuda Mas) represents a multi-billion dollar empire spanning multiple industries and countries.

What is lesser known is its commitment to ‘Social Stewardship’—working together with local communities to alleviate poverty and advance Indonesia’s quality of life. RGE pursues this strategy through a range of programmes focused on crucial development areas, such as education, healthcare, skills and training upgrade, and infrastructure development.

RGE is also keenly focused on empowerment, mainly through its partnership with the Tanoto Foundation. The partnership supports SMEs as well as craftsmen and farmers in its operations. To date, RGE has supported over 200 SMEs in 40 villages by providing financial and technical aid and generating more employment opportunities for those communities.

As a parent company, Royal Golden Eagle has leveraged some of its subsidiaries to create specialised solutions for farming.

For instance, APRIL introduced the Integrated Farming System, complete with training centres focused on sustainable farming and technical assistance.

Bracell, meanwhile, supports a range of programmes to increase and diversify income and skill sets of the farming community, and further promote sustainable policies.

Education

As of today, the RGE group and Tanoto Foundation have collectively given out over 17,000 education scholarships at the primary, secondary, and post-secondary levels. Students, however, are only half the story when it comes to education. In that time, RGE has also supported the training of over 700 teachers. RGE says these initiatives affirm its belief in ‘education as an agent of social change’.

The RGE business groups also support the education of its staff and members by creating accessible platforms in partnerships with local authorities, non-governmental organisations, and educational institutions, to receive and complete their education.

Healthcare

RGE has a significant interest in improving healthcare for people living in rural …

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What is Multichannel Marketing?

What is Multichannel Marketing?

As the name implies, multichannel marketing (which is also known as cross-channel marketing) is the practice of using many different avenues to reach potential customers and communicate with them. In the modern information-driven E-commerce landscape, businesses can take advantage of the diverse digital marketing channels to reach their target audience with ease.

Eyal Gutentag, a marketing expert who has worked with some big names in the business world, including Uber, and ZipRecruiter is a strong believer in the power of digital marketing in pushing new ideas and building brands. Nowadays, in the highly competitive online space, a strong marketing strategy demands a combination of several approaches. Many businesses integrate multiple channels in their marketing efforts, such as: 

What is Multichannel Marketing?
  • Paid advertising
  • Social marketing
  • Email marketing
  • Print and live media
  • Storefront advertising
  • SEO strategies

The Importance of Multichannel Marketing

Multichannel marketing is all about covering as much ground as possible in a well-orchestrated marketing campaign. The internet is a vast place, and consumers can be anywhere; so, it makes sense to use many different ways to try reaching out to them.

A business using only one channel, say PPC advertising to reach its target audience can be at a severe disadvantage against a competitor using, for instance, both PPC and influencer marketing. In a way, multichannel marketing increases the chances of attracting the right market segment to your brand and spreading brand awareness to a broader audience.

Implementing a Multichannel Marketing Campaign

Implementing and running a successful multichannel marketing campaign mostly involves balancing the number of effective channels against the overall ROI. With multiple channels, it might be challenging to track essential performance metrics of each channel, especially if there are no measurable performance indicators. However, the important thing is to keep monitoring the sales, traffic, and conversion performance of the measurable …

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Learn How to Benefit From Buying Cars on Finance

Learn How to Benefit From Buying Cars on Finance

Many of us assume that the best way to buy a new car is to use our own savings. However there has never been a better time to take out finance deals. Borrowing rates are competitive and it could actually work out to be more cost effective for you to buy cars on finance and leave your savings where they are.

There are many ways in which you can make car finance work best for you. It does pay to learn as much as possible before you sign up to any agreements. Making the most of buying cars on finance requires a good understanding of the market. Here are a few tips to get you started.

1. Only Borrow What You Need

When you approach buying cars on finance it is important that you only borrow what you need. The best way to start is too decide what type of car you need. Take a look around at the makes and models available that would suit your purpose. This will give you a good idea of what you need to borrow when it comes to finding a loan.

Many people start by finding out how much they could borrow and then looking at cars. Buying cars on finance this way can mean you take on a much higher loan than you really need. This can put a strain on your finances and could leave you struggling to meet the repayments.

2. Look at Both Online and Offline Quotes

Finding the best deals when buying cars on finance is about shopping around. You need to get quotes from several different sources to find out which lenders can offer you the best deals. The Internet is a great place for finding cheap offers on credit product such as car loans. However you …

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Financial assets and benefits

Financial assets and benefits

What is Asset Finance? Basically it is a financial arrangement with which you have the power to buy a company, a new car, used equipment, machinery or other office equipment. You can get this loan quickly because the process is not as long as other loans have. Many companies now use such loans to expand their infrastructure and this adds more choices to the growing popularity of affordable financial solutions.

Some of the main benefits of using Asset Finance are as follows:

1. It helps in saving current capital. Buying new equipment definitely requires a massive capital investment which sometimes prevents company owners from investing in other projects. But if you save less rent than can be used in several other projects or in other activities. This will definitely direct the company to adopt new businesses quickly and provide new opportunities.

2. It also helps open up many ways to respond to opportunities. It makes you stand during unwanted circumstances. This is very valuable to businesses, especially so they need easy financing solutions to keep pace with technological developments.

3. With asset financing you can easily manage your budget. It also helps facilitate regular payments for a fixed period, which makes you relatively free from other inflationary pressures or changes in interest rates. Therefore it becomes easier for companies to plan their budgets and capital.

4. It also plays an important role in maintaining existing credit. It also helps you in maintaining other existing credit from banks or other financial institutions. Another major benefit is that if necessary you can use other banking services simultaneously.

5. Another benefit of this is the flexible nature which is very useful. In addition to each agreement there are careful arrangements given to lenders’ requirements.

6. There is no need to deposit anything with …

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